Should I stop investing in UTI Dynamic Bond Fund?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
I have invested in the following funds:
Axis Long Term Equity Fund: Rs 4,000
SBI Bluechip Fund: Rs 2,000
UTI Dynamic Bond Fund: Rs 1,000
Mirae Asset Emerging Bluechip Fund: Rs 1,000
Is my selection of funds good? I want to invest Rs 2,000 more. Which fund should I choose?
--Baljit Singh Saini
Vivekh Pathak, Founder, Finance and You, responds:
If you can predict interest rates, go for Dynamic Bond funds. Even the best fund managers have failed to predict the rates right. I would strongly ask you to stay away from dynamic bond funds.
1) Continue investing in Axis Long Term Equity Fund (Rs 4,000).
2) SBI Bluechip Fund (Rs 2,000): You can switch to Mirae Asset Large Cap Fund - Growth
3) UTI Dynamic Bond Fund (Rs 1,000): Stop investing in this fund and move to Kotak Standard Multicap Fund - Growth
4) Continue investing in Mirae Asset Emerging Bluechip Fund (Rs 1,000)
You can invest the extra Rs 2,000 in Canara Robeco Emerging Equities Fund.
Please note, it is always better to invest with goals in perspective and you should consult a CFP or an RIA for your long-term investments.