Need portfolio check and assesment

[It_is_Andrew]

I have been investing in mutual funds since 2008 in small amount , my decision was solely based on my very limited knowledge and guidance from online tutorials and forums.
I have also tried the stock market but without any profit (got some profits, looses and some lock-ins to avoid loss - in short - nothing planned)

I generally invest in small sums monthly, I lost a few opportunity during the downtime when I was out of station and couldn't invest.
I'm currently planning to invest in a few sips but as I was going through the statement I felt that I might have done things wrong.
Following are the brief details of my investment pattern - last 3 years.

FUND NAME - APPROX RANGE/TIME OF BUYING - TOTAL INVESTMENT OVER THE TIMEPERIOD - APPROX CURRENT VALUE as on 21st July,2010

Birla Sunlife Equity fund(May 2008 to Feb 2009) 8000 10500

Birla Sunlife Dynamic Bond Fund - Retail - Quarterly Dividend(July 2008 - till date) 6000 6300 (div - 639)

DSP Blackrock India T.I.G.E.R. fund(Apr 2008 to Aug 2008) 8000 9400

SBI - MSFU Contra(April 2008 to Feb 2009) 5000 6600

Reliance Vision fund (around 2008) - ... - 13000

Canara Robeco Equity tax Saver(Jan 2010 - till date) 17000 19000

HDFC Tax Saver(Dec 2009 - till date) 21000 23400

SBNPP Tax Saver(Feb 2009 - till date) 12000 19000



I'm planning on investing around 10k to 15K p.m. in -
a) SIPS of Mutual Funds. (I have currently two SIPS running for this financial year 1) Canara Robeco Equity tax Saver 1500 p.m. & 2)HDFC Tax Saver 1500 p.m.).
b) Incremental buying of selected shares directly.
c) I'm open to any suggestions regarding the portfolio structure / investment style/ selling of any existing fund etc


I would really appreciate if a more experience one can comment on the portfolio and adjustments as necessary. I would like to learn from my mistakes and tune it accordingly.

 

[yodlee99]

Thanks for the detailed message. As I understand you have a few lumpsum investments and don't have any SIP. Also, u want to know which MFs to invest using SIP for 10 to 15 K per month. I would suggest picking these funds with 60:20:20 fractionation in largecap:mid&smallcap:debt funds.
HDFC Top 200 (G)
DSPBR Equity or Top 100 (G)
Birla SL Frontline Equity plan A (G) or Quantum Long Term Eq

Sundaram Select Midcap or IDFC Premier Equity or Reliance Growth or ICICI Pru Discovery (G)

and for debt, choose 1 from
Birla Sun Life GSF Long-term or Canara Robeco Income

Check the performance atleast once in every 3 to 6 months. If I were you, redeem DSPBR Tiger and Reliance Vision funds and invest the amount in the above funds as a part of course correction. Good luck!

 

[It_is_Andrew]

Thanks for the detailed message. As I understand you have a few lumpsum investments and don't have any SIP. Also, u want to know which MFs to invest using SIP for 10 to 15 K per month. I would suggest picking these funds with 60:20:20 fractionation in largecap:mid&smallcap:debt funds.
HDFC Top 200 (G)
DSPBR Equity or Top 100 (G)
Birla SL Frontline Equity plan A (G) or Quantum Long Term Eq

Sundaram Select Midcap or IDFC Premier Equity or Reliance Growth or ICICI Pru Discovery (G)

and for debt, choose 1 from
Birla Sun Life GSF Long-term or Canara Robeco Income

Check the performance atleast once in every 3 to 6 months. If I were you, redeem DSPBR Tiger and Reliance Vision funds and invest the amount in the above funds as a part of course correction. Good luck!

Thanks a lot for the reply

well two point , I never invest in lumpsums, those figures were accumulated over last 3 years (still a small total sum)
and right now I'm into sip for canara robeco tax saver and hdfc tax saver for this financial year.

Thanks for the suggestions. I see you haven't recommended any of my existing funds.
I was also considering HDFC TOP 200 but was confused because moneycontrol and mutualfundsindia rate them quiet differently.

I'm reluctant to have too many funds, that why I must consider which ones to keep and which new ones to get.

 

[rajivnc]

Thanks a lot for the reply

well two point , I never invest in lumpsums, those figures were accumulated over last 3 years (still a small total sum)
and right now I'm into sip for canara robeco tax saver and hdfc tax saver for this financial year.

Thanks for the suggestions. I see you haven't recommended any of my existing funds.
I was also considering HDFC TOP 200 but was confused because moneycontrol and mutualfundsindia rate them quiet differently.

I'm reluctant to have too many funds, that why I must consider which ones to keep and which new ones to get.

There is NO need to add more than 1 Tax Saver fund. Always remember the Tax Saver funds have a 3 year lock in period for each SIP.

 

[drsambu123]

Incremental buying of selected shares.
I dont understand your statement. Generally people buy more shares when the market is going down( for long term investment). In raising trend its better to buy and hold rather than incremental buying ?

 

[It_is_Andrew]

Incremental buying of selected shares.
I dont understand your statement. Generally people buy more shares when the market is going down( for long term investment). In raising trend its better to buy and hold rather than incremental buying ?

What I meant though I'm interested in share market - I have found that I do not have the enough insight or knowledge or even time to follow. Thats why I'm also planning to buy a few selected bluechip stocks in small portions as my cash permits.

But I'll concentrate mainly on MF, I guess.

 

[yodlee99]

I understand when you said that you don't have insight or time to followup. In fact, I am in the same boat and probably many of the ppl here. That is why we need to save using SIP mainly in diversified mutual funds which comes with a fund manager whose job is to make money for us and himself
In the mean time, one better concentrate on the job and make more and keep increasing the SIP as and when u can.
All of your current funds are probably good (except maybe DSP tiger and Reliance Vision).. I have not done research into them. You probably put your money after doing some research, i think and they might have been good at the time when u invested in these. I have given you suggestions as of what is good today. It is your call whether you want to continue SIP in yours or shift to new ones which I would consider to be course-correction.

 

[It_is_Andrew]

I understand when you said that you don't have insight or time to followup. In fact, I am in the same boat and probably many of the ppl here. That is why we need to save using SIP mainly in diversified mutual funds which comes with a fund manager whose job is to make money for us and himself
In the mean time, one better concentrate on the job and make more and keep increasing the SIP as and when u can.
All of your current funds are probably good (except maybe DSP tiger and Reliance Vision).. I have not done research into them. You probably put your money after doing some research, i think and they might have been good at the time when u invested in these. I have given you suggestions as of what is good today. It is your call whether you want to continue SIP in yours or shift to new ones which I would consider to be course-correction.

Thanks for your suggestion again!

I have started sip on HDFC TOP 20 and planning to start in ICICI Pru Discovery and a small amount in BSL Equity.
For debt I'll probably go with BSL Dynamic bond!
What do you think about it?

One other thing I wanted to discuss about though it is not dirctly related.
you mentioned one should revise the course and funds every 3 or 6 months. But one is also advised to remain invested for long term and not to change course depending upon short term conditions. I'm a little bit confused in such situations.
Suppose what happened with me , the funds I invested back then were 5 start rated funds - had really good track record but as of now they are definitely not in limelight.

 

[yodlee99]

Yes, you are right. I meant that one should watch it as it grows every few months, but no need to panic or stop when NAV goes down. In fact, I want the markets to keep going down pulling the NAV of my mutual funds down with it for the next few years. That way one can accumulate more units.
But then I want the NAV to peak the year that I want to cash out.. well .. we all have wishes, don't we

 

[It_is_Andrew]

heh, rightly said

btw any comments over my final choice in last post?

(btw which one would you recommend between BSL Equity and SBI Magnum Contra?)