I am 32 years old. I have a medium risk appetite. I want to create maximum wealth by investing Rs 20,000 per month for a period of 15 years. I also invest a lumpsum whenever I find an opportunity in the market. I am investing in the following mutual funds: Mirae Asset Emerging Bluechip Fund (Direct -Growth): Rs 3,000 SBI Small Cap Fund (Direct -growth): Rs 3,000 UTI Core Equity Fund (Direct- Growth): Rs 500 Tata Digital India Fund (Direct- Growth): Rs 500 HDFC Mid-Cap Opportunities Fund (Direct- Growth): Rs 1,000 ICICI Prudential Bluechip Fund (Direct- Growth): Rs 1,000 Kotak Standard Multicap Fund (Direct – Growth): Rs 3,000 Axis Focused 25 Fund (Direct – Growth): Rs 2,000 Invesco India Contra Fund (Direct- Growth): Rs 1,000 Reliance Small Cap Fund (Direct -Growth): Rs 500 L&T Emerging Business Fund (Direct – Growth): Rs 1,000 Do I have an appropriate portfolio or should I add or remove funds?-Prateek Tripathi You have too many schemes in your portfolio. Also, … [Read more...] about Will these mutual funds help me to create maximum wealth in 15 years?
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Mutual funds sahi hai? This is one of the jokes doing the rounds after the latest Amfi data showed that investors are selling their mutual fund investments in a big way. After riding high on the successful Amfi campaign of Mutual funds sahi hai for a little over three years, the industry is facing rough weather. According to mutual fund intermediaries, the trend is a culmination of a series of mishaps in the MF universe in the last two years along with the economic disruptions caused by the pandemic. Mutual fund advisors and financial planners believe that profit booking is not the only reason for the sharp fall in mutual fund net inflows in June. They say that investors have lost some amount of trust on mutual funds because of the recent events in the debt mutual fund universe. "Investors barely regained trust after the previous downgrades because schemes proved their worth. Many investors moved to AMCs which were promising. AMCs like Mirae and IDFC which have taken a concious call … [Read more...] about Are investors losing faith in mutual funds?
Many mutual fund investors are not happy with the performance of their schemes. Some of them can’t figure out why the scheme is still not offering positive returns even though the markets seem to have recovered substantially from the lows in March. Some investors are worried about the volatility – they realise they can’t handle such sharp fluctuations. In short, most of them are unhappy with their mutual funds and they have been questioning their advisors. First, let us address the performance of the scheme versus the market. It is true that the markets have recovered smartly from the lows they have hit in March due to the Covid pandemic and national lockdown. However, if you look at the performance of individual schemes, you might be disappointed. You would notice that most schemes are offering meagre returns in one-, three- and even five-years. For example, Canara Robeco Bluechip Equity Fund, the topper in the large cap category in the one-year horizon, is … [Read more...] about Worried about your mutual funds? Here is what you should do
Parag Parikh Long Term Equity Fund is one of the most talked about equity schemes these days. The scheme has been topping the chart in one-, three- and five-year horizons. Shivani Bazaz of ETMuutualFunds.com reached out to Neil Parikh, CEO of the fund house, to find out about his plans for the fund house that completed seven years recently. “Having a good investment experience is crucial to creating a community I spoke earlier about. This will ensure we create ambassadors for the fund who will create good word of mouth marketing for us,” say Parikh. Edited interview. You tweeted on Tuesday that Parag Parikh Long Term Equity Fund’s NAV has hit an all-time high. Congratulations. It must have been a satisfying journey, starting out small and sticking to your rules and be able to make a mark in a highly competitive industry. How do you see it? Thank you for the kind wishes. In these times of COVID, it is important to celebrate small successes and live in the moment. … [Read more...] about Goal is to create a community of like-minded investors, says Neil Parikh of PPFAS Mutual Fund
MNC Funds or mutual fund schemes that invest mostly in multinational companies are gaining currency these days. MNCs are always bankable, especially in the current bleak economic scenario due to the pandemic. These companies were also in the news as they were doling out handsome dividends last one month. Reflecting the positive sentiment, the MNC mutual funds have been offering good returns. In the last three months, the MNC fund category has posed 16.22% returns. These schemes have given 2.23% in the last one year, 3.25% in three years and 4.69% in five years. The big question is: Do these factors make MNC funds a safe bet to tide over the current uncertain scenario? Mutual fund analysts believe that the dividends doled out by MNCs are a sign of good health of these companies. The dividends are reinvested by the mutual fund schemes. “The dividends will surely be re-invested and that will impact the NAV of the schemes. However, the spike is momentary. The dividends do not … [Read more...] about Are MNC funds a safe bet in the current scenario?