Want to invest in mutual funds but don’t know how to go about it?
Get all your mutual fund related queries answered by our expert, Himanshu Srivastava, senior research analyst, Morningstar Advisers India, on our show Mutual Fund Corner.
Q: Mohammad Yousuf Bhat from Kashmir writes to us on Facebook. Which mutual funds should I choose?
A: This would depend on lot of factors and require proper planning. It will depend on your goals, risk appetite, investment horizon, your financial condition among others.
The best way to proceed with investments is to opt for the services of a financial advisor, who will draw an investment plan for you based on all these factors. He will work around getting the right asset allocation for you and populate the portfolio with the right mix of funds.
For me to recommend fund which would be apt for you, I need more details which is not available now. I can give you the names of good large cap, mid cap and small cap funds. But then it’s also important to have the right allocation in them, which would be difficult for me to suggest in the absence of information.
So to give you an idea some of the funds from the large, mid and small cap categories were we have positive Morningstar analyst ratings are:
Group/Investment Morningstar Analyst Rating Morningstar Rating Overall Returns (%) 1-Yr 3-Yr 5-Yr Large-Cap Aditya BSL Frontline Equity Gr Silver ÙÙÙÙ -4.61 8.90 14.26 DSP Top 100 Equity Reg Gr Bronze ÙÙ -8.34 6.22 10.34 Franklin India Bluechip Gr Gold ÙÙÙ -5.35 6.81 12.05 HDFC Top 100 Gr Gold ÙÙÙÙ -1.57 11.19 14.81 ICICI Pru Bluechip Gr Silver ÙÙÙÙÙ -1.06 10.96 14.34 Reliance Large Cap Gr Silver ÙÙÙÙÙ 0.49 10.90 17.58 SBI Bluechip Reg Gr Bronze ÙÙÙÙ -5.24 7.93 15.24 UTI Mastershare Unit Reg Gr Bronze ÙÙÙ -0.62 8.04 13.03 Mid-Cap Aditya BSL Mid Cap Gr Bronze ÙÙÙ -14.80 7.93 20.32 DSP Midcap Reg Gr Silver ÙÙÙÙ -10.35 10.95 22.32 Franklin India Prima Gr Gold ÙÙÙÙ -7.18 9.75 21.74 HDFC Mid-Cap Opportunities Gr Gold ÙÙÙÙÙ -8.71 11.08 22.91 ICICI Pru Midcap Gr Bronze ÙÙÙ -10.23 9.45 23.43 SBI Magnum Midcap Reg Gr Bronze ÙÙ -15.37 4.15 20.03 Sundaram Mid Cap Gr Bronze ÙÙÙ -13.79 8.50 22.03 Small-Cap DSP Small Cap Reg Gr Silver ÙÙÙÙ -18.82 7.33 26.72 Franklin India Smaller Companies Gr Silver ÙÙÙÙ -14.26 8.79 23.57 HDFC Small Cap Gr Bronze ÙÙÙÙ 0.42 16.66 20.74
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