I have been investing in stocks since 2015. My initial investment of Rs 88,000 increased to Rs 2.8 lakh by 2022, and when the market surged in 2023, it crossed Rs 3.2 lakh. I have 18 diversified stocks in my portfolio and now want to book profits. I plan to invest this money in a good mutual fund so please suggest good mutual funds.
We hope you have evaluated the stock portfolio and arrived at the decision of profit booking. Assuming you are looking to invest for the long-term with a moderate risk profile, below are our recommended Flexicap / Multicap funds.
I am a 35-year-old NRI and want to start investing in mutual fund SIPs when I return home next month. I am willing to take risks and want to invest for the long term. Please suggest equity, debt, and gold mutual funds. Can I make these mutual fund investments through my NRI account abroad on a repatriable basis?
As per regulation, NRIs can invest in India through NRE (repatriable) or NRO (non-repatriable ) accounts. If you want to avail the repatriation benefit you need to invest using the fund in your NRE account. Having said that, the choice of asset classes (Equity, Debt, Gold) would depend on one’s risk profile and financial goals. As you are looking for long-term and also willing to take risks,
then you can consider Equity funds as a choice. But remember to have reasonable
exposure to Debt or even Gold, depending on your risk profile.
Following are our recommended Multicap, Mid and Smallcap funds.
I am 30 years old, currently investing Rs 5,000 in 7 funds: Nippon India Small Cap (Rs 750), HDFC Small Cap (Rs 750), ICICI Prudential Bluechip (Rs 750), SBI Bluechip Direct Plan- Growth (Rs 750), Kotak Emerging Equity Fund (Rs 750), SBI Magnum Mid Cap (Rs 750) and SBI Large and Mid Cap Fund (Rs 500). In a year, my MF investments returns are 20%. I now intend to Step
Up my SIP by Rs. 2,500. Do I need to adjust the amount or funds?
We are assuming that you are investing systematically. Ideally, you should review your investments after 3- 4 years and check if the scheme is consistently underperforming the category and benchmark. Having said that, our MF research team is presently reviewing the HDFC Smallcap fund. Nevertheless, we advise
you to decide whether to withdraw from this scheme after considering the time period you have been investing in the scheme and monitoring its performance.
Regarding the step-up, you can allocate it equally among SBI Magnum Midcap fund, Kotak Emerging Equity, and Nippon Smallcap if you want above-average risk-return exposure. Alternatively, you can add Rs. 1,500 to SBI Large and Midcap and Rs. 1,000 to any Largecap fund (ICICI Pru Bluechip / SBI Bluechip).
