Chat Transcript

Stocks | 24 Mar - 10:00hrs

How to create wealth investing in mutual funds?

 

Dr Renu Pothen | Research Head, fundsupermart.com

Dr Renu Pothen: Some of the best diversified funds are Mirae Asset India Opportunities Fund, IDFC Premier Equity Fund and Reliance Equity Opportunities Fund.
guest: With the market going down is this a good opportunity to start investing in a growth fund or wait for some more tiime
Dr Renu Pothen: It is advisable not to time the markets. Please start investing into funds depending on your risk profile.
nehsingla: Hi Mam, I have bulk money of 2 lakhs - wanted to invest in Large Cap equity funds like Franklin INDIA OPPORTUNITIES FUND - Direct-GROWTH and ICICI Pru Focused BlueChip Growth. Please advise, if I should go for SIP or invest at one shot.
Dr Renu Pothen: If you are looking at large cap funds, then along with ICICI Prudential Focused Bluechip Equity Fund, you can also consider Birla Sun Life Frontline Equity Fund. You can make the investment via the SIP route.
guest: Which is the best ELSS MF as this year we can invest up to 1,50,000
Dr Renu Pothen: You can consider funds like Axis Long Term Equity Fund and Reliance Tax Saver (ELSS) Fund.
ChetanBhangale: Hi Renu ji, i have a monthly SIP of 2000 in each of the following funds HDFC top 200, ICICI focused bluechip,HDFC prudence balanced, SBI midcap, Reliance small and mid cap, Reliance Equity Opportunitie, ICICI Exp & other services, DSP blackrock equity. All of them with the growth option. Is the selection good or do i have to add/remove any of the MFs? If so please suggest.
Dr Renu Pothen: You can continue with the existing investments.
avish1_anand: I want to invest in MF for 10 to 15 year with 3000 per month. Please advice which one I should use for better returns. And from where I should purchase it.
Dr Renu Pothen: If this is your first investment into Mutual Funds, then you can start investing into a large cap fund and a balanced fund like ICICI Prudential Focused Bluechip Equity Fund and Tata Balanced Fund. As your investment amount increases, you can create a portfolio on the basis of your risk profile. You can purchase funds directly from the Fund Houses or you can use the various online platforms.
rareraghav: I am invested in MF through SIP of around 7k/month.Please advise if I should continue in these MF asI will remain invested for around 3-5 years 1)Birla SL Infrastructure Fund 2)Birla SL Top 100 3)Birla SL Pure Value 4)Franklin India High Growth 5)Franklin India Smaller companies 6)Reliance Regular Saving Fund 7)HDFC Top 200 8)HDFC Equity All are growth options
Dr Renu Pothen: You can continue with the existing investments. If your investments have completed 5 years then you can make a few changes in the portfolio. For instance, you can have either HDFC Top 200 or HDFC Equity in your portfolio.
guest: Hi In current situation of market, should we invest in Equity fund or other fund options are better.
Dr Renu Pothen: If you have a time horizon of more than 5 years ,then equity funds would be the best option.
guest: Hello Mam I am Nilay. going for SIP in small cap is good option or not?
Dr Renu Pothen: If you are an aggressive investor you can consider small cap funds. Our recommended fund in this space is Reliance Small Cap Fund.
karrikris: Hi, Please suggest one beat mid cap fund and one multi cap fund for long term investing.
Dr Renu Pothen: Best Mid Cap Fund:Canara Robeco Emerging Equities Fund Best Multi Cap Fund:Mirae Asset India Opportunities Fund