I am having SIP of 1000 each of HDFC balanced and midcap fund. I want to invest in Franklin prima plus fund and one of SBI fund.
So kindly suggest whether this portfolio is ok or not. Also, I need your view on selecting the SBI fund out of SBI magnum global fund or SBI magnum midcap opportunity fund
I have checked the overlap of all funds with each other and is below 30-40%.
Kindly provide your view about my portfolio.
Suhas-In my view the missing part is large cap. You have to add either Franklin or ICICI Bluechip rather than going for any other funds like SBI Franklin Prima.
Thanks you sir for your view. I will go for one large cap instead of Franklin prima plus fund. However I have decided to go for one of SBI fund, so can u please let me know which one is better out of SBI Magnum global fund and SBI mid cap fund. I have checked these 2 fund and overlap is below 15% with other fund like HDFC balanced and HDFC midcap fund.
Suhas-May I know the logic behind chosing ONLY SBI?
Sir, its not about SBI…but I studied these 2 SBI stocks which is having least overlap with other HDFC and Franklin funds. As well as these SBI funds rate of return in long term are good indicator to go with it……
One more thing is I am NRI and prior coming to India I had studied SBI magnum midcap stock. However when I visited SBI mf office, the SBI personal suggested to go with the SBI magnum global fund. Hence I gets confused. I was not having time to review and finalize fund ther itself so I give cheque to the agent with only amount and kept the scheme name blank. Hence I need to tell him whether I have to go with the SBI mid cap or global. I will review the stock post 1 year and if not ok, I will switch. However considering past performance, both stocks are giving good returns.
When you have HDFC Midcap fund, then why one more fund in the same category? At the same time, I am not against SBI. But it creates overlapping among same category. Rest is left with you. For your information, these are not stocks but mutual fund products. If you are so fond of SBI then retain anyone among HDFC Midcap or SBI. Do remember that Small and Mid cap funds are risky in nature than large cap funds. Take your own call.
k…Thank you for valuable information sir. Your suggestion are of great help.