I have started two SIP under UTI MF. 1) UTI MNC for Rs.2,500, 2) UTI Mid Cap for Rs.1,000 from April, 2016. I have also a PPF of Rs.4,000 per month and I have invested Rs.1,30,000 in UTI Floating Fund. I am a private bank employee and my friends are telling me that other AMCs can give me better returns than UTI. Now I am confused.
Sir, please assist me should I stay with UTI or redeem the funds and start with other AMCs? Or Switch to other funds in UTI which can give me better returns?
How you selected these funds? What is your time frame of financial goal? Why you felt to think of switching within few months of investment? Whether your friends are MF industry experts? Whether for you fund return matters of AMC??
An uti agent suggest these funds to my father and i invested according to his guidance. My financial time frame is 25 to 30 years. yes sir, as I have said that I am an employee of a leading private bank in India , it has a subsidiary MF AMC and it’s employees are my friend and they give me this information. sir I do not know much about these AMCs, I want only good and a steady return against my investment . so, pls sir help me out and give me a solution.
If your timeframe is 25-30 years then you must include equity to debt in ratio of 70:30. You can use the PPF as debt product. Don’t rely on anyone. If the UTI funds generating you the EXPECTED return of YOUR’s (not your friends), then why you have to worry?
Also, judging the fund performance within few months is too bad. How your friends suggesting that without knowing your EXPECTED RETURN or your goal time frame? I am not sure about their logic. Avoid sector funds like UTI MNC. Include one large cap (like Birla Sunlife Frontline Equity or Franklin India Bluechip Fund) along with UTI Midcap. Two funds enough to manage equity portfolio.