srikumar1976: Hi, I am investing in Quantum LongTerm Equity, ICICI Pru Dynamic, ICICI Pru Banking & Fin Services, ICICI Pru Export & Other Services, HDFC Midcap Opportunities funds. Can I continue investing in these funds ? Also want to add Franklin US Opportunities, SBI Magnum Midcap. Please suggest?
ronycoop: Mam, I have invested in HDFC Mid Cap Opp, ICICI Pru Focussed Bluechip, Reliance Equity Oppor, SBI EB & UTI Oppor all in growth option. Total Investment is 116000 presently it is 148000 all are above one year should I get out completely and come in later or only book profit also let me know if my investments are well diversified if no how to split the amount Thanks
Dr Renu Pothen:
All the funds in the portfolio are the best performers in their respective categories. I would suggest that you need to hold onto these funds till the goals for which this portfolio was constructed are fulfilled. You should not take an exit call in equity funds in a short time period on the basis of profits generated in 1 year, but hold onto it for a long time period.However,you can review your portfolio once in a year. Your investments are fairly diversified.
narendermishra1: Hi, I am 28 years old and invested in following direct schemes through SIP, since last 5 months: 1. ICICI pru focused bluechip- 2000 2. UTI opportunities- 2000 3. Birla SL frontline equity- 2000 4. ICICI export & other Services- 2000 5. IDFC Premier Equity- 2000 6. SBI Pharma- 1000 My investment time horizon is 15-20 years. Should I continue with these schemes or need any changes? Please advise.
Dr Renu Pothen:
If you are looking at a time horizon of 3 months to 6 months then you can consider ultra short term funds. You can consider funds like Templeton India Ultra Short Bond Fund or Axis Treasury Advantage Fund.However,if your time horizon is upto a year,then you can invest into short term funds like PineBridge India Short Term Fund or UTI Short Term Fund.
prasananand: I\`m 32 years old & I want to invest in equities through mutual fund. My purpose is for wealth creation for long term goals (more then 10 years) & saving on taxes as i\`m in 30% tax bracket. Can you suggest which schemes should i invest in for achieving this target. Also, can you suggest how & where to invest around Rs 25 lac in addition to my monthly savings. I\`m having a high risk approach, since I want to remain invested for a long term (15-20 years). Am I correct in my assumption that even though I invest in very risky instruments, my long term approach will result in achieving my targets.
Dr Renu Pothen:
As you have not mentioned your risk profile, I will not be able to construct an appropriate portfolio for you. As for tax saving, you can consider funds like Canara Robeco Equity Tax Saver and Axis Long Term Equity Fund. You can invest Rs.25 lakh into a debt instrument if your investment horizon is between 3 months to 2 years. However if you have a longer time horizon, then you can take an exposure into equity funds. You should invest into risky instruments only if you have the appetite for the same as these can be very volatile.