Team-BHP (https://www.team-bhp.com/forum/)

-   Shifting gears (https://www.team-bhp.com/forum/shifting-gears/)

-   -   The Mutual Funds Thread (https://www.team-bhp.com/forum/shifting-gears/105873-mutual-funds-thread-101.html)

Depends on which funds and how much.

One interesting check for number of funds is to verify whats the overlap between them. There are websites that compare and show the % overlap. This way you chhose funds that are truly diversified.

Hi,

Large Cap:
ICICI PRUDENTIAL FOCUSED BLUECHIP EQUITY FUND - GROWTH
SBI BLUE CHIP FUND - REGULAR PLAN - DIVIDEND

Mid Cap:
HDFC MID-CAP OPPORTUNITIES FUND - REGULAR PLAN - GROWTH
ICICI PRUDENTIAL VALUE DISCOVERY FUND - GROWTH

Small Cap:
Franklin India Smaller Companies Fund GROWTH

Strategy: If i have some money, like 25K, i am investing 5k in each of them. I have not opted for SIP. Trying to invest only if i have spare money

Hi,

ICICI Pru Value Discovery Fund is a Multi Cap and not a Mid Cap.

There is a 21% portfolio overlap between HDFC Mid Cap and Franklin India Smaller Companies. The other overlaps are between 9 to 10%, which I guess is unavoidable. The experts can comment on how much overlap is OK.

You can try this site for portfolio overlap. There could be better sites for this.
http://fundpicker.thefundoo.com/Tools/PortfolioOverlap


Thanks,

Pradeep

Hi guys!

I am a newbie in this field and after a lot of delay I am starting my investments in mutual funds. I had zeroed in on ELSS SIP scheme for DSP BlackRock tax saver scheme. Can anyone suggest any fund that is doing better than this. I am specifically looking at tax saver funds.

Dsp Blackrock tax saver has a very good record. You may invest in it. It is currently a 4/5 rated fund.

Many of the mid and multi cap funds tend to pick the same perennial favorite scrips. They are both good and well managed funds so some amount of overlap is ok. As you have started investing already, and as these are decent funds, go ahead and continue with them.

This is an interesting site. Thanks for letting know!!

Out of curiosity, I just checked the overlap between Franklin India Bluechip Fund and Franklin India Smaller Cos Fund; It shows a stunning 10% overlap between a large-cap fund and a small cap fund !! Overlapping stocks include HDFC Bank, Axis Bank, and Bharti Airtel.

Just shows that funds are not strictly sticking to their mandates.

I think few large cap stocks in small/mid cap fund is fine. It is dangerous if it is other way. Experts opinion please!

@pradkumar - Thanks for sharing the website details.

If you want to compare 3 funds for portfolio overlap, this is a better alternative:

https://freefincal.com/moneycontrol-...arison-tool-2/

Every fund would have HDFC Bank. That is a perennial favorite among fund managers and with a good reason!

Look at this list of Who Owns What (for HDFC Bank):

https://www.valueresearchonline.com/...e=1459&x=6&y=8

Pradeep

Thanks a lot hserus.
Would definitely PM you for the details of the financial planner.
Yes, even I am thinking of looking for some professional planner.
Problem is again how much fee is OK for a monthly investment of 1 lakh rupees??
Because if we are earning 10% returns and paying yearly fee of 50K to 1 Lakh most of the money earned on investment goes into paying fees of financial planner.

Thanks a lot sansvk.
Yes I asked all these questions to my Financial planner.
I was told that we are diversifying optimally.
Also he told me that since it is very long term planning we are concentrating on Equity and we also have liberty of taking moderate risks.
The person is also an old family friend of inlaws (Unfortunately :-(). Also I am a doctor by profession so I was told that this is the prescription which he as a financial planner is giving after considering everything.I don't know how much it is true and am beginning to be skeptical.

Actually my starting investing now had nothing to do with the rising market and it was mere coincidence. But I had to start since I have no major investements and it is high time I put my finances in order.

Overall looking at the present scenario if I stay prudently I don't think there should be any problem in being consistent for 15 yrs with the said around. And as I have said earlier I don't have an option but to be consistent.

Somehow with this Mutual Fund thing and uncertainty in real estate sector investing has become a bit confusing . Somehow I miss good old days of our parents when one kept on buying Flats and Plots which were considered safe havens for our future needs.Now everything seems uncertain be it markets, real estate, gold or even FD's.

You'll get about 10% returns in just PF / PPF assuming you adjust for income tax! For a lakh a month - you'll possibly get better than 10% returns though no planner will guarantee anything, markets being markets. He will put them on a sound basis for you and that is well worth the money.

Did the chap actually review your entire financial history and calculate assets and liabilities before giving you this "prescription"? As a clinician I am sure you know the value of a detailed examination before pulling out the prescription pad .. if he has done it and made his decision based on this then fine (possibly - but given this spread of MFs, I doubt it).

(edit) I see you're a newbie and can't pm just yet. Rajesh Emani / emani (@) manimatters.in if you want to reach out to him.

If you are talking about HDFC investor services account, it is a bad option. They charge 265 per quarter including taxes and you cannot buy direct funds. In fact, an HDFC bank demat account in comparison is cheaper at 999 per year. At least, you can buy direct funds.

Pradeep

I have tried purchasing direct funds through HDFC, they keep rejecting the request. Am I missing something?

Were you trying to buy them directly from the HDFC mutual funds site?

Are you KYC and Fatca compliant?

Thanks,

Pradeep