Advice Required

POSTED BY Rajendran ON February 6, 2011 4:21 pm COMMENTS (5)


  sometime in December, I shortlisted the following funds to invest when market comes down to a reasonable level. Now that the market has come 10% I believe this would be better time to invest at least 20% of the money what I envisage to invest in the MF’s


  I will of-course would initiate a SIP on these funds along with the lumpsum investment.


My shortlisted Portfolio

1)Franklyn India BlueChip  (Large Cap)
2)Reliance Regular Savings Equity (Multi cap)
3)HDFC Top 200  (Large & Mid Cap)
4)IDFC Premier Equity Plan A (Mid & Small Cap)
5)ICICI Pru DISCOVERY (Mid & Small Cap)

Please feel free to share your opinion about these funds, both positive and negative are appreciate. Thanks for your time and effort.

5 replies on this article “Advice Required”

  1. Abhishek says:

    ICICI Pru Discovery Fund is a midcap fund, which the portfolio has in IDFC premier Equity Fund. Reliance Regular Savings Equity is an under-performer.. Hence the replacement.


    1. Ramesh says:

      @ Abhishek

      ICICI Discovery is more of a multi-cap fund, with a value-investing style. While IDFC Premier Equity is more of a growth-investing style with mid and small caps. Kind of significantly different. So having both of them, is not necessarily bad.

      Regarding Reliance RSF, a 1 year less-stellar performance does not make it an underperformer. If you will take that kind of view, you will have a lot of churning in funds and performance chasing doesnt help in making a good return.

      Fidelity Equity, HDFC top 200 and franklin blue chip funds are all catering to the large cap universe. In my opinion, this is significant overlap.

      1. Abhishek says:

        HI Ramesh,

        I totally agree with you.. It will not make much of a difference if you keep Discovery and RSF.

        Fidelity Equity Fund is a Multi-cap Fund with a very good track record. And since our friend Rajendran is starting investing, I would go for a performer rather than wait for RSF to recover. So, there is no churn. I am with you on that.

        There are no right or wrong answers just a way of looking at different funds and portfolios.


  2. Abhishek says:

    Your Fund Selection is Good. Just replace ICICI Pru Discovery and Reliance Regular Savings Equity with 1 Fund – Fidelity Equity Fund.

    Total you would have 4 funds for SIP..

    Happy Investing !


    1. Ramesh says:

      @ Abhishek
      Can you tell the logic / rationale for selecting Fidelity Equity in lieu of the other 2 funds.

      why so many funds? and what is the allocation of each of them?

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