Here are the 50 best funds recommended by iFAST to invest in 2015. 29 are equity funds, 16 debt funds and 5 hybrid funds.
We have 50 funds in our recommended funds list this year with 29 funds in the equity segment, 16 funds in the debt segment and 5 funds in the hybrid segment. The biggest surprise this year for our investors is that some of our best long term bets have not found a place in our recommended funds list for 2015. Funds like Franklin India Bluechip Fund and UTI Opportunities Fund, which have been a part of our recommended funds list since 2011, have been severely punished by our internal model. The question that will come to our investor’s mind at this juncture is “Should we exit from these funds or terminate the existing SIPs?” We would like to wait for some more time to see if these funds are able to withstand the current volatile phase, after which we will decide whether to give an exit call for these funds in our investors’ portfolios. As both these funds are managed by veterans whose conviction has helped investors to create wealth in the long term, we would advice our investors to hold on to them.
An
unexpected exit from our list this year is SBI Emerging Businesses Fund, one of
our biggest bets in the midcap space. This fund which made an entry into our
Recommended Funds list in 2013 and was riding on the prudent stock picking
strategy followed by Srinivasan, took a big beating in our model. Although we
have removed this fund from our current list, our conviction on this fund
remains on these lines: “Currently the Emerging Businesses Fund (EBF) is
managed like a multi cap fund which is benchmarked to the BSE 500 with the
large cap allocation into the same being at 35%. Hence it is natural for a fund
which is market cap, sector and benchmark agnostic, to show a relative
under-performance vis-a-vis the funds in the mid and small cap category”. We
continue to have faith in the stock picking ability of