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Recommended Portfolios for 2017
December 5, 2016

A brief update on our Recommended Portfolios for 2017.


Author : Dr. Renu Pothen



 Recommended Portfolios for 2016

We have released our Recommended Funds for 2017 and in line with our practise; we are revamping our portfolios to incorporate the changes made to the funds. In our note on Recommended Funds released last week, we had written that we are receiving queries from Investors to know if we are revamping our funds and portfolios to align with the demonetization drive by NAMO.Our view is that Mutual Fund portfolios which are created on the basis of risk profile, goals and time horizons should not be revamped on the basis of a particular event intended to benefit the economy as a whole in the long term.

We maintain status quo in asset allocation as we continue to remain neutral on India with a 3.5 star ratings for the country. The question that many investors have in mind is “Has the demonetization drive put a brake on growth which was picking up across the different sectors of the economy”? We believe that India Inc’s 2 quarters might be bad, yet this measure will finally have a positive impact on the overall economy. We are of the view that should the government be able to check the parallel economy, inflation, which is one of the biggest nightmares of the policy makers, will be on a downward trajectory in the coming months. If this drive fills the Government's coffers and it comes back into the system in the form of investments, then the long term benefits need not be mentioned. To add to it, valuations look attractive from a 2-3 year perspective and hence Investors should start taking exposure into the markets.

Table 1: Portfolio Fund Allocation Changes

Category Fund Name Conservative Moderately
Conservative
Balanced Moderately Aggressive Aggressive Moderately Aggressive (Global) Aggressive (Global)
Debt
Ultra Short Term  Franklin India Ultra Short Bond Fund 10 10 5 5 2 5 2
Short Term Kotak Income Opportunities Fund 20 15 10 - - - -
DSP BlackRock Income Opportunities Fund 15 10 10 10 4 10 4
Dynamic Bond  Birla Sun Life Dynamic Bond Fund 25 20 15 - - - -
Tata Dynamic Bond Fund - - - 15 4 15 4
Corporate Bond  SBI Corporate Bond Fund 20 15 10 - - - -
Equity
Large Cap  Birla Sun Life Frontline Equity Fund - - - 10 15 5 5
ICICI Prudential Focused Bluechip Equity Fund 5 10 10 - - - -
SBI Blue Chip Fund 5 10 15 - - - -
Multi Cap  Kotak Select Focus Fund - 10 15 10 15 5 5
ICICI Prudential Value Discovery Fund - - - 15 20 10 20
Midcap  Canara Robeco Emerging Equities - - 10 15 15 10 10
Small Cap  Reliance Small Cap Fund - - - 10 10 5 5
Banking  ICICI Prudential  Banking &
Financial  Services Fund
- - - 10 10 10 10
Infrastructure  Canara Robeco Infrastructure Fund - - - - 5 - 5
Global  ICICI PrudentialGlobal Stable Equity Fund - - - - - 10 15
Franklin India Feeder-Franklin U.S.Opportunities Fund - - - - - 15 15
    100 100 100 100 100 100 100


Table 2: New Fund Additions and Old Fund Deletions

Changes in Scheme

Category

Old

Replacements

Short Term

UTI Short Term Income Fund

Kotak Income Opportunities Fund

Large Cap Axis Equity Fund SBI Blue Chip Fund

Global

JPMorgan JF Greater China Equity Off-shore Fund

ICICI Prudential Global Stable Equity Fund

 

*New funds

 

We have revamped our portfolios on November 30, 2016.Our Factsheets will reflect the changes in the portfolios from next month onwards. We advise Investors to take an exposure into the portfolios depending on their risk profile, time horizon and goals.

Happy Investing!!!



Disclaimer: iFAST and/or its content and research team’s licensed representatives may own or have positions in the mutual funds of any of the Asset Management Company mentioned or referred to in the article, and may from time to time add or dispose of, or be materially interested in any such. This article is not to be construed as an offer or solicitation for the subscription, purchase or sale of any mutual fund. No investment decision should be taken without first viewing a mutual fund's scheme information document including statement of additional information. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Investors should seek for professional investment, tax, and legal advice before making an investment or any other decision. Past performance and any forecast is not necessarily indicative of the future or likely performance of the mutual fund. The value of mutual funds and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. Please read our disclaimer on the website.Please read our disclaimer in the website.



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