After yesterday’s strong fall, today the market was seen making a big comeback of BULLS. Domestic institutional investors made the biggest buy in last 17 years yesterday. The fluctuating environment is giving an opportunity to make great Portfolio at this time. Now, Firoz Aziz, Deputy CEO, Anand Rathi Wealth has joined CNBC-Awaaz to share which funds investors should bet in.
Describing the portfolio of strong returns, Firoz Aziz named 6 funds and also gave information about the allocation in them. He said that the first four funds are such which are considered as indigenous funds and 20-20 per cent of the investors’ money is invested in it. Firoz said that his first favorite fund is Franklin India Bluechip Fund(G) which has 20% allocation. Another is HDFC Flexi Cap Fund(G) and it also has 20% allocation. The remaining two more funds include ICICI Pru Focused Eq (G) (20% allocation) and SBI Focused Eq Fund-Reg(G) (20% allocation).
Apart from this, there are two such foreign funds that investors can buy by investing in Indian rupees but they get returns in dollars. One of them is Franklin India Feeder – Franklin US Oppor Fund(G) with 10% allocation and the other is ICICI Pru US Bluechip Eq Fund(G) with 10% allocation. In this way, in total, 100% allocation of investors’ money is done in these 6 funds. So that they can get good return on their money.
Giving more details about the Franklin India Bluechip Fund(G), he said that the largecap category has outperformed in the last one year and has a target of 20.3% NAV in the next one year.
HDFC Flexicap Fund has outperformed in the Flexi Fund category. Government companies have 38% exposure in this fund. We believe that PSUs can do well because of the policy push.
ICICI Pru Focused Eq Fund (G)- Firoz said that this fund has a target of 22.76% NAV in the next one year and it is the best return fund in its category.
SBI Focused Eq Fund-Reg(G)- It has been the top performer in the focused fund category. The fund has an international exposure of 13%. Firoz Aziz said that a target of 18.3% NAV has been set in the next one year.
Franklin US Opportunities Fund(G)- This fund has given a return of 19.3% in the last 3 years while it has given a return of 17.7% in the last 5 years.
ICICI Pru US Bluechip Equity Fund(G)- This fund has given 18.35% returns in last 3 years while it has given 16.94% returns in last 5 years.
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