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Mutual Fund Portfolio Evaluation

Discussion in 'Mutual Funds' started by chequesuraj, Jan 20, 2014.

  1. chequesuraj

    chequesuraj Member

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    Hello Shabbir/Friends,

    I need your help to evaluate my Mutual Fund Portfolio. I have SIP investment in two categories of funds i.e ELSS and other small and large cap equity fund.

    I want to stop SIP for the below expected average return fund and shift to other funds...

    Dear Friends,
    Please suggest me ELSSS/small & Midcap fund on current market conditions through SIP of INR 2000 investment for 5 years.

    PS: I am expecting CAGR 15%+ returns...is it possible?:confused:
     

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    chequesuraj, Jan 20, 2014
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  2. ppdhamangaonkar

    ppdhamangaonkar New Member

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    Dear suraj ,
    returns from mutual fund mainly depend on how index moves
    during 2003 to 2013 sensex had moved very sharply
    hence 10 yr returns from any mf are very lucrative
    however , in last 3/4 yrs the sensex is between 17000 to 21000
    hence 3, 5 yrs returns are much below 15 %
    upto some extent returns from elss are better than other categories fmcg/pharma mutual funds had given good returns in last 3/5 yrs
     
    ppdhamangaonkar, Jan 20, 2014
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  3. shabbir

    shabbir Administrator Staff Member

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    Mutual fund investment is not something where you should focus on past performance (I know this is how we know how to judge performance but it is completely wrong) I have used past metrics to judge things but that is dividend history always and thats what I use for ELSS but never the past performance.

    So then what should be ideally used for judging the performance of mutual funds.

    So I use the following 3 step process.

    1. Based on asset allocation.

    So if market is at the peak, it is not large cap that would perform but it would be more like small and midcap that would catch up with the valuation of large cap and this is that kind of time.

    You may know that currently I am waiting for ELSS investment and if there is no correction then I may invest in ELSS fund where there is some small cap or mid cap investment.

    2. Based on Sectors

    Guestimate which sector will do well in the geo-eco scenario and invest in those funds.

    3. Switch from performing funds

    SIP is always good choice if you plan to invest with 10+ year of investment horizon but time to time look for performance where you have outperformed and try to come out of those funds that have performed well and book some profit and look for reasons for underperforming and it is something management, come out of it but if its some stock that they heavily invested in has not done well then see why and then see if you also see good signs of investing in that stock and then if it looks good, you can remain invested.
     
    shabbir, Jan 20, 2014
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  4. chequesuraj

    chequesuraj Member

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    I am planning to invest into Axis Long Term Equity fund as SIP ELSS and will stop my SIP for Birla SL TAX 96

    pls advice...
     
    chequesuraj, Mar 12, 2014
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  5. shabbir

    shabbir Administrator Staff Member

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    Can you share why and that may help us help you in a better way.
     
    shabbir, Mar 12, 2014
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  6. chequesuraj

    chequesuraj Member

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  7. shabbir

    shabbir Administrator Staff Member

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    I guessed it and yes Axis has performed well but then I don't think it will continue on the same and so ideally you should not focus on the one that has performed well but see what stocks and sector they have major holding and with such high Nifty, it is more safer to invest where major section of Pharma is involved.

    Check out http://shabbir.in/save-tax-without-investment/ and My Top 3 Funds and so I would only invest in fund where I think it is more benefit in the upcoming years and not focus on pasts. Yes we use pasts to get that list but then choosing one among that list should not be the one at the top.
     
    shabbir, Mar 15, 2014
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  8. sachinmore08

    sachinmore08 New Member

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    Hi Shabbir,

    I want to start total SIP of Rs. 10,000 per month for longer term (10 Years).
    I have shortlisted below funds based on CRISIL Ranking, AUM size and retruns over 3-5 years horizon.

    please help me finalize 3-4 right mix of funds.
    Also, how should I distribute 10,000 ?


    Large Cap:
    Birla SL Frontline Equity (G)
    ICICI Pru Focused Bluechip Eqty (G)
    HDFC Top 200 Fund (G)

    MidCap:
    HDFC MidCap Opportunities (G)
    IDFC Premier Equity - A (G)
    SBI Magnum Global Fund (G)

    Balanced:
    HDFC Prudence Fund (G)
    ICICI Pru Balanced Fund (G)

    Diversyfied Equity:
    ICICI Pru Dynamic Plan (G)

    FMCG:
    ICICI Pru FMCG Fund (G)

    ------
    Sachin
     
    sachinmore08, Apr 1, 2014
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  9. shabbir

    shabbir Administrator Staff Member

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    25% in each of one of the large cap, mid cap, energy, metal and balanced fund.
     
    shabbir, Apr 2, 2014
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  10. sachinmore08

    sachinmore08 New Member

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    But are these funds okay to invest in..and is this right time to start
    sip?
     
    sachinmore08, Apr 2, 2014
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  11. shabbir

    shabbir Administrator Staff Member

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    You should wait for sometime before starting a SIP.
     
    shabbir, Apr 2, 2014
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