Portfolio Advise

From: CHANDRA SHEKHAR
To: sharesher@indiatimes.com, goodfundadvisor@yaho
o.com
Sent: Mon, 25 Aug 2008 09:14:32 +0530 (IST)
Subject: Portfolio Advise

I had invested in Some funds in Growth Option.(
Pl. See Attached file for details) Due to lack of Knowled
ge earlier I had invested in many N.F.O.s Pl. advise ho
w is My portfolio and what will i take necessary action to
better My portfolio for good returns in 5-6 years.



I also plan to invest in Sundaram Select focus & Relianc
e Diversified Power sector Fund for 1000 through S.I.P.
for 2 years.


Thanks & Regards
Chandra Shekhar


SRIKANTH SHANKAR MATRUBAI'S REPLY ::::
Dear Chandra Shekar,
Yes, indeed, you do have too many NFOs in your po
rtfolio and some of them are really duds.
My take on each of them.
Fidelity Tax Advantage ::: Hold. Has been a steady
performer. Take a call after lock in period is over.
Pru ICICI Fusion Fund 2 ::: Hold. Though has been a
n underperformer. Its stock selection has been very g
ood. Infact, it also holds upto 5% of its assets in Subhi
ksha Retail, which should give a good spike in NAV, as
and when it is listed.
Birla Long Term Advantage Fund ::: No other alternati
ve but to hold till Lock in Period is over.
HDFC mid Cap Fund ::: Not a good investment.
Could have invested in HDFC Capital builder. Hold till loc
k in is over.
SBI Infrastructure Fund ::: Hold. could turn out to be a g
ood one by the time its lock in period ends.
Tata Indo Global Infra ::: Hold. Its mandate to invest
overseas could save it from being a underperformer. H
old for another 2 years or so.
Reliance Equity Advantage Fund :: Switch to Reliance Gr
owth Fund
Sundaram Energy Opp Fund :: Not a wise investment. No
other option except to wait for its completion of lock in p
eriod
SBI Magnum Tax Gain 93. :::: OK. But as you already
have an Lumpsum. I advise you to stop further SIP as I
do not expect the fund to give as good returns as it gav
e in the past, due to its bloated corpus. You can conside
r rather Birla Sunlife Tax Relief 96 or DWS Tax Saving
Fund.
Kotak Tax Saver ::: Good investment.
HDFC Tax Saver :: Again a Very Good investment.
HDFC Top 200 Fund :: The Best fund in your portfolio.
Hold on.


As for your future investments, you can definitely go for
Sundaram Select Focus. In fact, this is a must have in ev
eryone's portfolio.
Regarding, Reliance Diversified Power Sector Fund, plea
se avoid. You already too many sector funds. Also, powe
r sector may struggle to give returns as good as in the p
ast, due to rich valuations and concerns on raw materials
prices. Instead consider investing in DSPML natural Reso
urces and New Energy Fund.

Regards,
Srikanth Shankar Matrubai.