Market wizard Anil Singhvi shares these 4 MF picks for long-term investment

Mutual funds have been performing well for more than a year with the rise of the stock market. A lot of new-age investors are investing money in mutual funds through SIP and lump sum options, and a lot of seasoned investors are increasing their investments. AMFI's monthly data for January showed increased interest in SIPs. Amid such a backdrop, market guru and Zee Business managing editor Anil Singhvi discussed many new mutual fund offers on Saturday and chose four funds: two sectoral, one index, and one multi asset. 
In this write-up, we will tell you about his mutual fund picks. But before that, let's scan through the funds he discussed in Zee Business' programme, 'Naye Funds Ka Funda'.

Singhvi discussed active and passive funds- multi asset, sectoral, and index funds.  

Among multi asset funds, he discussed

Mahindra Manulife Multi Asset Allocation Fund

He says that the subscription in the fund is open till March 5. 
The fund will invest its money in different assets, such as equity, debt, gold, silver, Reits, and invITs.

The fund will invest its 35 per cent-80 per cent in equity, 10 per cent-55 per cent in debt, 10 per cent-30 per cent in gold and silver, 0-10 per cent in Reits and InvITs. 

While there is no entry load in the fund, the exit load is 0.5 per cent.

Quantum Multi Asset Allocation Fund

The fund closed on March 1. 
The fund will invest 35 per cent-65 per cent in equity; 25 per cent-55 per cent in debt, and 10 per cent-20 per cent in gold. 
It won't invest in InvITs. 
There is no entry load, but one has to pay a one per cent exit load if they withdraw money in less than 90 days. 

Among sectoral funds, he discussed

Canara Robeco Manufacturing Fund

It is a focussed sectoral equity fund, and it will track manufacturing companies directly or indirectly.

It will invest 80 per cent-100 per cent in manufacturing equity funds, 0-20 per cent in other sectors such as IT, 0-20 per cent in debts, and 0-10 per cent in debt 0-20 per cent, and 0-20 per cent in Reits and InvITs.

The exit load in the fund is one per cent if you withdraw money before a year.

Edelweiss Technology Fund

The sectoral fund closed its subscription on February 28. 

It will invest in technology and related companies. 

The fund will invest 80 per cent-100 per cent in tech companies, 0-20 per cent in other sectors other than technology, 0-20 per cent in debt, and 0-10 per cent in Reits and InvITs. 

The exit load before 90 days of withdrawal is 1 per cent.

Baroda PNB Paribas Innovation Fund

It is a sectoral equity innovation fund. 

It will invest 80 per cent-100 per cent in equity, 0-20 per cent in debt, and 0-10 per cent in Reits and invITs.

It can also invest its 0-10 per cent fund in domestic mutual funds.

There is no exit load on 10 per cent redemption in less than a year. 

Above that limit, one has to pay the 1 per cent exit load.

SBI Energy Opportunities Fund

It is a diversified equity fund that will invest in energy and power companies. 

The subscription of the fund closed on February 20.

It will invest 80 per cent-100 per cent of its fund in power sector companies, 0-20 per cent in other sector companies, 0-20 per cent in debt, and 0-10 per cent in reits and InvITs. 

There is  no entry or exit load in the fund.

Among index funds, he discusses-

ICICI Prudential Nifty LageMidcap 250 Index Fund

Its NFO will close on March 7. 

The fund from ICICI will invest its money in top Nifty 250 shares.

While 50 per cent of its money will go to the top Nifty 100 stocks, the rest 50 per cent will go to the rest of 150 firms.

Stocks will be purchased according to stocks' proportions in the Nifty 250 index.

Mirae Asset Nifty Small Cap 250 Momentum Quality 100 ETF Fund of Fund

Its subscription closed on February 28. 

It will invest 95 per cent-100 per cent in ETfs, and 0-5 per cent in debt.

If you want to purchase Nifty small cap and momentum quality stocks, it is a perfect fund, says Singhvi.

It is not exactly an index fund, but it follows the index. 

So, there is no guarantee that it will select stocks in the same proportion as in the index, but it will select from index stocks only.

The exit load for the fund is 0.5 per cent if one withdraws money within 90 days. 

HDFC Nifty 200 Momentum 30 Index Fund

The subscription closed on February 23.

It will invest 95 per cent-100 per cent of its fund in Nifty 200 Momentum 30 Index stocks, while the rest 0-5 per cent in debt and liquid options. 

There is no entry or exit load.

Anil Singhvi's picks

Among index funds, Singhvi has picked ICICI Prudential Nifty LageMidcap 250 Index Fund because it will invest its 50 per cent fund in the top 100 Nifty 250 companies, and the rest in the next 150 companies.

Among multi asset funds, Singhvi's choice is Quantum Multi Asset Allocation Fund, because it will invest in equity, debt, and gold assets.

Among sectoral funds, Singhvi has selected two funds- Eledweiss Technology Fund, because he is bullish on IT and thinks this fund is a good investment option.

And

SBI Energy Opportunities Fund, because he is also bullish on government companies and power firms. The fund is a combination of both funds.