Reveiw my Portfolio Please!

[life2007]

Hello!

I have been investing in MFs to the below funds since 2008, though in a very small amount. However, I did a foolish decision of redemption of part of it in October 2009, by over dozing my knowledge of booking profits though I did not need money. With the result, I have spent considerable amount and now want to pump back the balance redemption amount in my portfolio. Also I have some more surplus amount lying idle in Savings AC. So all in all, it is close to 80K to be put in MFs.

My current Portfolio are:

DSP BlackRock Equity
DSP Tiger
HDFC Prudence
SBI Magnum Contra
SBI Tax Gain
Sundaram Tax Saver

So apart from the Tax saver funds, my portfolio is summarized to 4 funds. Out of which tow funds have gone below ratings.. Magnum Contra, and DSP Tiger.

While I am not planning any further redemption on both the above funds, I request your advice if I need to add new funds or stick with contra and tiger funds.

If yes, here is what I am thinking

Old
DSP Equity [Core Large Cap Fund, continue investing]
HDFC Prudence [Core Balance Fund, continue investing]

New

IDFC Premier Equity Plan A-G OR Reliance Regular Savings Equity
[Risky Midcap Fund, but thinking of small allocation]

Kotak 30-G OR HDFC Top 200-G
[Would it be repetitive of my existing large cap funds, I dont know much]

So if I select 2 of the above choices, my investment in portfolio is back to 4. Do you have any other suggestions please?

Also, 80K, I know SIP works best.. do you think I should transfer these in Debt Funds and do a monthly/weekly STP?. If yes, please suggest some good Debt Funds for my above selection so that I can park my surplus money rightaway. I really do not know much about Debt Funds, I tried to research, there is a whole bunch of them.. gilt, index, long term floating etc etc.. I got confused, hence need this help.

Thank you.. Please put in your valuable advice.

Regards

Jeet

 

[life2007]

Hmmm No replies so far :-(

Have I not expressed clearly my question....

Experts, please help!


Regrds

Jeet

 

[nikrod]

My choice will be-
1. Reliance RSF (G).
2. HDFC Top-200

My chice would be the same. DSPBR Equity & HDFC Prudence are superb funds too. Avoid DSPBR TIGER & Magnum Contra if you can.

The limitation of STP is that you can only transfer between schemes of same fund houses. So if you are going for Reliance's equity funds, park money in Reliance's debt funds & so on.

 

[life2007]

Hi

Thank you again

By now based on your valuable suggestions, I have made up my mind not to invest further in DSP Tiger and Magnum Contra. Shall I keep my current investments intact or transfer it to new folio allocations over period of time.

Also, is there any better way not to go for debt funds at all, but park it else where? I am actually confused because some people say, if you switch over from a debt fund to equity, it would still be consider a redemption. So If I were to withdraw several times from a debt fund to regular ones, that would mean some exit loads and taxes? Please advise.. regards

My chice would be the same. DSPBR Equity & HDFC Prudence are superb funds too. Avoid DSPBR TIGER & Magnum Contra if you can.

The limitation of STP is that you can only transfer between schemes of same fund houses. So if you are going for Reliance's equity funds, park money in Reliance's debt funds & so on.

 

[nikrod]

Hi
I am actually confused because some people say, if you switch over from a debt fund to equity, it would still be consider a redemption. So If I were to withdraw several times from a debt fund to regular ones, that would mean some exit loads and taxes? Please advise.. regards

Yes it would attract taxes & exit loads since it is considered as redemption. For STP you can select Dividend payout or re-investment option of Debt funds. This way you'll be saved from Tax hassle (specially with dividend payout option). Exit loads will not be applicable for liquid & in some cases liquid+ funds. But other debt funds will have exit loads. Keep this factor in mind before making choice of your debt fund.