sreekant
1
hii i have the following mutual funds and SIPs investment date
DSP blackrock TIGER Fund-Gr 25,000 4 jan 2008
Franklin India Prima Plus(SIP) 3,000/month 13 feb 2008
Reliance Growth Fund 25,0000 4 jan 2008
SBI Magnum Tax Gain Fund 25,000 4 jan 2008
as these funds are performing badly i want to swtch to other MF/SIP.please suggest what to do.i will be highly grateful
Market conditions are not good since last 2-3 years and that's the reason your mutual funds are showing bad performance.
DSP Tiger fund is infrastructural fund and invests only in a particular sector. These kind of funds are riskier than diversified mutual funds. You may consider switching to a large cap mutual fund like DSPBR Top 100 equity, Franklin India Bluechip or ICICI Pru top 100.
Franklin India Prima plus is a good fund in large and mid cap category. Stay invested in same.
Reliance growth is a mid and small cap fund and riskier than large cap or multi cap. If you want to remain invested in mid cap, consider switching to a better fund like IDFC Premier Equity, ICICI Pru discovery Inst I, Birla Sunlife Pure value or Birla sunlife Dividend yield plus.
SBI Magnum tax gain is not one of best fund anymore in tax saving category. Consider switching to Canara Robeco Equity Tax Saver, HDFC Taxsaver, Franklin India Taxshield, DSPBR Tax Saver or Fidelity Tax Advantage.
sir Thank you so much fr ur reply..i dont know how do you take out time for answering all questions..its a great favor you are doing for all small investors like me.kudos fr all your efforts.As suggested by you im in d process of doing all advice/suggestions told by you.i am not able to get over the fact that after investing these funds for 3 yrs i have to face such losses.one small question if we are investing in mutual fund or SIP is it compulsory that you have to pay commission to either the broker or d bank ur purchasing the MF from. Also i have invested in equity directly.i wanted to ask if you would be kind enough to analyse my portfolio and give me some valuable feedbacks.lukking forward to your reply.thanks in advance.
I am doing it full time after leaving my software profession :)
You should understand that investment in equity based assets is risky and your should not invest into these for term less than 5-7 years. If you don't have such risk appetite, I would advise you not to invest in pure equities, but put your money into a balanced portfolio which has debt based investments too.
If you buying through a broker/bank/online trading websites, they may charge you as brokerage or service fees. Its not compulsory but depends on agents and banks.
If you buy directly, there won't be any such fees payable.
Please read this post: http://www.pankajbatra.com/india/how-to-transact-mutual-funds-online-directly/ for more information.
And we would surely love to help you regarding portfolio. You may create different question for each of such query.
