Could u please advise on my mutual funds SIP. The details are as follows?

Question

All Dividend options

1. SBI Magnum tax gain 1000/-

2. SBI magnum contra 1000/-

3. reliance growth 1000/-

4. kotal oppurtunities 1000/-

5. birla sunlife frontline equity 1000/-

Answer 1

Agarwal,

Your selection is excellent. All the mentions MF's are start rated funds and proven there consistent performance as well as profit generating capacity. Your portfolio is presently like this:

Equity Diversified

a. SBI Magnum Contra (Contrarian Approach and excellent for long term investment)

b. Kotak Opportunities - Rated best fund

c. SBI Magnum TaxGain (ELLS - Best return provider)

Equity Large cap

a. Birla front line equity (No 1 in large cap space)

Equity Madcap

Reliance Growth (No competitors)

Consider a well performing balanced fund and thematic fund to your portfolio to balance your portfolio neatly.

Good balanced funds are:

HDFC Prudence

DSP ML Balanced

DBI Magnu Balanced and Kotak Balanced

good Thematic funds today are:

DSP ML Tiger

ICICI Prudential Infrastructure

Adding the same too, to you portfolio will give you a well balanced and diversified portfolio.

Does this make sense

Answer 2

The first 4 are excellent choices. The last one Birla Sunlife frontline equity is a low risk but average return kind of fund. Its 5 yr trailing record is lower than the category average. check out for yourself, at http://www.valueresearchonline.com/funds...

You should look for funds that consistently beat the category averages, why go for an average record fund when there are such beauties abounding!

Instead of this I would advise you to add a balanced fund like  HDFC Prudence as the 5th fund in your portfolio. It will serve as the core of your portfolio and protect the downsides best. Read more on HDFC Prudence analysis at http://www.valueresearchonline.com/funds...

and a snapshot of its rack record at http://www.valueresearchonline.com/funds...

Good Luck!

Answer 3

Hi,

I saw your SIP contributions across Mutual Fund schemes and you have diversified your investment in the diversified funds.  Keep one thing in mind-do continue the SIP for some more years, say 3 to 5 years to see a good return.  Now it is the time you have to necessarily continue the SIPs as you are getting more units across all schemes.  Take advantage of the present situation and you will create your wealth.

Answer 4

Gud SIP investments buddy