Dear Guest It is difficult to count even the no of funds in ur portfolio, hoe u will be able to tarck/monitor it. It seems whatever have come ur way u hv grabbed it with both the hands.don`t be a Fund Glutton, be a smart investor.By investing in too many funds the basic pupose of diversification is lost.

Your portfolio needs major revamp.Suggested change in ur portfolio:

SBI-Magnum Multi Cap - Switch to Magnum Contra
Sundaram BNP Paribas Rural India - Switch to Sudaram Select Focus
Templeton India Equity Income - Okay, Stay invested
Reliance Equity - Switch to Rel Growth
Sundaram BNP Paribas Equity Multiplier -Stay invested( being
close ended fund)
Tata Indo Global Infrastructure - Stay invested( being close
ended fund, redeem/switch after Oct`10)
Birla Sun Life International Equity Plan B- stay invested
Sundaram BNP Paribas Energy Opportunities - stay invested
Magnum COMMA Purchased -stay invested, may switch after
Dec`08 to Magnum Contra
Sundaram BNP Paribas CAPEX Opp - switch to
Sundaram Sel Focus after Dec` 08
ABN AMRO Equity - Switch to Mag Contra after Dec 08
ABN AMRO China India -Switch to HSBC Equity after Dec 08
Tata Growth - Switch to Tata Infrastructure
Sundaram BNP Paribas Select Focus - Stay invested
Sundaram BNP Paribas S.M.I.L.E - Switch to
Sundaram Sel Focus after Dec` 08

Magnum Midcap - Switch to Mag Contra
Tata Infrastructure Fund - Stay invested
Reliance Diversified Power Sector - stay invested
Magnum Sector Funds Umbrella - Contra Fund - Stay invested
Birla Sun Life Frontline Equity - Stay invested
DSPML T.I.G.E.R. Reg - Stay invested but monitor closely
DSPML Top 100 Equity Reg - stay invested
HSBC Equity - stay invested
Kotak Opportunities - stay invested
Reliance Growth - stay invested

Your trimmed portfolio will look like:

Templeton India Equity Income
Sundaram BNP Paribas Equity Multiplier
Tata Indo Global Infrastructure
Birla Sun Life International Equity Plan B
Sundaram BNP Paribas Energy Opportunities
Sundaram BNP Paribas Select Focus
Tata Infrastructure Fund
Reliance Diversified Power Sector
Magnum Contra Fund
Birla Sun Life Frontline Equity
DSPML T.I.G.E.R. Reg
DSPML Top 100 Equity Reg
HSBC Equity
Kotak Opportunities
Reliance Growth

Still 15 funds are there in ur portfolio. Sundaram Equity Multiplier and Tata Indo Global being closed ended fund, u cant do anything about these right now. Redeem/switch to better performing funds after lock-in period is over. Watch out the performance of Birla Sun Life International Equity Plan B and Sundaram BNP Paribas Energy Opportunities and decide after 1 yr about switching.

Thanks

Ashport



...

Dear sinha_ashwanik

Birla Sunlife Dividend Yield Fund Plus ( I assume u are talking of this fund only)is a below avg performer. Its return vs category avg over the diff time horizon are:
Fund Category
Year to Date -34.31% -36.41%

1-Month 0.07% -1.33%

3-Month -10.98% -13.84%

1-Year -6.04% -8.26%

3-Year 9.12% 16.94%

5-Year 22.54% 30.97%
Returns upto 1 year are absolute and over 1 year are annualised.
( Source VOL data as on 28.08.08)

So you can see the fund has underformed acroos varios time horizon thiugh it has been able to wthstand the downside in the recent meltdown much better than peers .( Or for that matter all Div Yield Funds have managed to do this in recent meltdown. )

Still if u are a long term investor, better options are available . you can choose from anyone from the below mentioned Eq Div funds:

DSPML Top 100/DSPML Eq
HDFC Groth/HDFC Top 200
Magnum Contra
HSBC Equity
Rel Growth
DWS Inv Opp Fund
Sundaram Select Focus
Kotak 30

always invest through SIP. However if you want to invest in a Div Yield Fund , UTI Dividend Yield is a better option.
And if u have already invested in Birla Sunlife Dividend Yield Fund Plus you shold switchn over to Birla Sunlife frontline eqity, a much better fund from the same fund house.

Regds

Ashport...

Fixed maturity plans, or FMPs as they are popularly called, are close-ended funds with a fixed tenure. Such funds invest in a portfolio of debt products whose maturity coincides with the maturity of the fund. The primary objective of a Fixed Maturity Plan is to generate income while protecting the capital by investing in a portfolio of debt and money market securities. The tenure can be of different periods, ranging from one month to three years. FMPs are effectively quite similar to bank fixed deposits but are more tax efficient. Apart from this, FMPs are not affected much by interest rate volatility when held till maturity. The return on these funds is indicated and is close to the actual returns. If you are not a risk-free investor and look for an assured income, this is the right option for you.

But since FMPs are closed ended in nature, it can be purchased only at the time of initial offerings.

Regds

Ashport

...

Dear Guest

Since ur horizon is 3-5 yrs i would suggest following chages in ur portfolio:

1) SBI Magnum Global..Stop SIP..start SIP (4*500) in Magnum Balanced
2) Reliance Vision Fund..Stop SIP..start SIP(4*500)in Rel Growth Fund

You can start Rs 2000 SIP in DSPML Balanced ( 2*1000)

Opt for Growth option and monitor ur portfolio regularly atleast every 6 months. Once ur last SIP investments in magnum Global and Rel Vision completes 1 yr , switch over to magnum bal and Rel Growth respectively.

Thee is no need of an exclusive debt fund as above balanced funds will take care of ur debt components. And return from these funds will be completely tax free . ( assumig ur last SIP instalment stays invested for 1 yr)

Thanks

Ashport
...

Dear sp.palo

Albeit Rel RSF Eq and DWS Inv Opp are very good funds with good track record and both are 5 star rated fund from VOL, I won`t advise u to invest in these funds for such a short peroid. If ur investment horizon is 2 yrs only, dont go for Eq MFs . Better invest in Bank FDs or FMPs which are more tax efficient.

Regds

Ashport...

Dear niruvujay

In fact 5-7 years is not quite a long term for Eq mutual fund investment. And I dont know what is your target amt for the marriage of your beti. Still you can invest in some large cap eq fund and balnce fund fund thru SIP. Following funds may be a good choice:

DSPML Top 100 - 1000 SIP
Rel RSF Eq/ DWS Inv Opp - 500 SIP
Magnum Bal/DSPML Bal - 500 SIP

First do a SIP for 12 months. Analyse the performance after one yr and then decide to continue SIP. Opt for Div Reinvestment.

Try to increse the SIP amt in future or you can add a cople of more fund for better diversificatio when you will be in a position to invest more.To save entry load applly directly to AMC of Cams/Karvy as the case may be.

Happy investing.

Ashport...

Dear niruvijay Pl furnish some more data like ur age, investment goal, investment horizon , risk appetite and other existing investments if any, then only I will be able to advise something.

Regds

Ashport...

Thanks ashport. I thought after 2 years the markets will definitely be higher then what it is now. What if i invest in MFs at 13000 levels ?...

Dear sir I m 40 yr old and I have need some money after 5-7yr at the time of my beti marriage and I able to invest 1000-2000 pm. which scheme and mf is better for me. I m regularly investing stock market but not yet invest in mf. also tell me about ur saving of entry load way. ...

I have written an article on MFs which offer free insurance here and also on my blog. Here half the post got deleted somehow. So for the orginal post you can visit my blogsite at blog dot costaverager dot com Please search for a post with title -Get upto 45 lakhs of free insurance- under MF Investment Help. Also read the comments in the thread. So far the opinions have been split regarding these mfs with free insurance. Ashal and Ranjan are against these free insurance plans. Whereas myself, kentmss and sharmaji are in favour of these plans. I for one think they are great products which give free insurance. As long as the funds are performing well, stay invested and get the benefits of free insurance. The moment the funds stop performing, move out. I treat these products as pure investments where the insurance is a free bonus. Why pass on when you can get some insurance cover free as long as the investments are generating returns. DWS Tax Saving : Gives a flat insurance of 5 times your investment. No conditions apply. The fund is decent performing. Strongly recommend investing. Get tax benefits and also free insurance. Birla Sunlife Frontline Equity: Gives insurance cover of upto 100 times of sip installment. No exit charges if you stay invested for atleast 3 years. I would definitely recommend investing in "Birla Sunlife Frontline Equity" and get the free insurance benefit. If the fund stops performing well, exit out after staying invested for atleast 3 years. If you exit before 3 years, you pay an exit load of 2%. Kotak Star Kid: Provides insurance cover equal to the balance premiums. No exit charges if invested for 5 years. I woud recommend investing in "Kotak 30" and get the free insurance benefit. If the fund performs really bad, exit out after 5 years. If you exit before 5 years, then you pay 2% exit load. My advise is to invest in a largecap fund which offers free insurance like Kotak 30, Birla Sunlife Frontline Equity. The chances of something going wrong in largecaps is less unlike midcaps. So ones chances of staying invested for longer duration are higher. Reliance SIP + Insure: This is the least attractive of all since it has an exit load of 2% if you redeem before maturity. One way to use this is to start an SIP for a term of 3 to 5 years, and keep repeating it. This way you get free insurance cover without the penalties. I have not found a good largecap fund from Reliance. So one is forced to invest in midcaps like REliance Growth or Reliance RSF. The fund consistency risk is higher with midcaps so this option has the max risk.(I know that Reliance Growth has given stellar performance so far, but my intuition is that it won't be able to maintain these returns. But then it is just an intuition and not a fact). Thanks, Raj ...

Dear Ashpot, Thanks indeed. best regards, Hira07...

Thanks a lot for your help and time....

Dear Sir..Thank You so much for your prompt response. I will take your suggestion and will implement immediately.My horizon is 3-5 yrs and fairly ok risk appetite.Now that I need to continue with HDFC Prudence could you also guide me how should I distribute the 13K (I personally would like only 3 funds to invest so that is easier to track and have some lumpsum amount).So if you could let me know your best pick I would really appreciate and lastly would you also guide how much should go towards debt and equity in the above investment amount or will the HDFC prudence suffice the Debt percentage? Thanks Again for your guidance...

Thanks for the reply. The funds that you suggested earlier, are they Diversified Funds? How many years can be taken as long term? What do you mean by Sector Allocation? Thanks again for your help and time. ...