Want to invest in mutual funds but don’t know how to go about it?
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Get all your mutual fund related queries answered by our expert, Feroze Azeez, deputy chief executive officer, Anand Rathi Wealth Management, on our show Mutual Fund Corner.
Q: 33-year-old Rakesh Kumar Arora writes us from Vietnam. Have SIP in HDFC MidCap (Rs 10,000), HDFC Balanced (Rs 10,000), SBI MidCap (Rs 10,000), SBI BlueChip (Rs 5,000), Kotak Select Focus (Rs 5,000), SBI Healthcare (Rs 3,000) and L&T Infra (Rs 3,000). Some are under my name and some under my wife’s name. Please suggest your view on the same.
A: You can continue to invest in Kotak Select Focus – now Kotak Standard MultiCap Fund. You can exit from HDFC Balanced Fund, SBI MidCap Fund, SBI BlueChip Fund, SBI Healthcare Fund and L&T Infra Fund. You can hold your investments in HDFC MidCap Opp Fund. However, don’t put any more money in the fund. You can invest in Reliance LargeCap Fund, SBI Focused Equity Fund, Kotak Emerging Equity Fund and Mirae Asset India Equity Fund.
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