Hi SOS,
My comments embedded below:
In large caps, you have suggested IDFC imperial equity over Franklin bluechip.Can you elaborate on the reasons for this?
Asterix - Franklin India Bluechip is a very old fund and has been one of the most consistent performers, which is one of my foremost criteria to choose this fund as compared to IDFC which is relatively a new fund. However, IDFC is having a good fund management and it's performance in both Imperial Equity and Premier Equity have been commendable and hence, I suggested IDFC Imperial Equity primarily so that one can gain from the excellent management.
In large & mid caps, I find that in the last three years fidelity equity has performed better than BSL frontline equity.Should that be a reason enough to prefer it over the other?
Asterix - Last 3 years would be a good indicator (especially with 2008), but do look for last 5 years. Frankly, Fidelity Equity is as good as BSL Frontline Equity. If you compare the sectoral inclination of Fidelity Equity, BSL Frontline Equity, HDFC Top 200, you can observe that HDFC Top 200 and Fidelity Equity have an almost identical allocation (atleast in top 6 sectors). BSL Frontline Equity has overlap in top 3 sectors, but has a slightly different allocation and hence, to take advantage of this fact, I suggested BSL FL Equity.
In multi caps, it will have to be HDFC equity since RRSF hasn't been a performer in the last 3 years though Reliance equity opportunities has performed well.
Asterix - HDFC Equity is a very old fund as compared to RRSF. However, if you take Qtr-on-Qtr performance (refer: valueresearchonline), both these funds have done almost identically, though at times, you may observe HDFC Equity giving better returns. Hence, I suggested you can consider either of them. However, if you expect me to take a hard pick, go for HDFC Equity.
In mid & small caps,the only choice out of the ones suggested by you could be ICICI pru discovery (I wasn't aware that IDFC premier equity has been closed for subscription).Any particular reasons why BSL div yield has not been recommended?
Asterix - BSL Dividend Yield is also an excellent fund, but since I wanted to suggest only one fund, I gave these 2 funds (I want you to cross-verify my point on IDFC premier equity). Between BSL Div Yield and ICICI Pru Discovery, the latter is highly rated and hence, can be considered for investment.
For balanced fund, RRSF balanced seems to be the obvious choice.
Asterix - Good option.
I guess instead of going for debt funds, it would be better to put the money into FDs at this point of time.
Asterix - your call.
Happy Investing !!