MagicalHamster
MagicalHamster

Mutual fund suggestion needed

I have these active investments as MF monthly SIP. The percentages are the percentage of money invested out of my total monthly investment.

Any changes needed here?

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10mo ago
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ZestyBoba
ZestyBoba
CARS2410mo

Market Index Linked Fund, search MILF on Google for further details

GroovyKoala
GroovyKoala
Eviden10mo

Bruh 😂😂😂

WobblyBagel
WobblyBagel

Username checks out

JumpyPretzel
JumpyPretzel

Remove both Axis ones. Replace them with other small and midcaps

MagicalHamster
MagicalHamster
Epam10mo

Any reason to remove axis funds? I've heard a lot negative above axis nowadays. What is the reason?

JumpyPretzel
JumpyPretzel

I kept Axis ELSS for 4-5 yrs, tried them for two yrs tax benefit purpose, both the installments underperformed heavily its peers.

Then came Axis frauds where their MF fund managers were fined by Sebi (they did some malpractice in stock market).

Then I also tried Axis midcap sip for 1-2 yrs, it underperformed many of other midcap funds, that too in peak yr of 2021-2022, that was the end of it, I redeemed all my funds from there. For these 3 reasons, I advise everyone to stay off Axis.

FluffyCupcake
FluffyCupcake
Amazon10mo

I don’t see any value in having mid/small caps from two fund houses. Check the overlaps using freely available tool.

Also, you should evaluate if your portfolio matches your risk profile. Too mid/small cap focused.

MagicalHamster
MagicalHamster
Epam10mo

I am going aggressive. For very long term. I checked the overlapping, it is not much

JumpyDonut
JumpyDonut
Optum10mo

Put a Nifty 50 and nifty next 50 in ur portfolio.

MagicalHamster
MagicalHamster
Epam10mo

For the rainy days?

JumpyDonut
JumpyDonut
Optum10mo

Put an emergency fund for your expenses in Short term FDs

SparklyCoconut
SparklyCoconut
Amazon10mo

I would recommend adding some large cap funds. My recommendation would be to go with some low cost index funds. I personally have Navi Nifty50 in my portfolio.

MagicalHamster
MagicalHamster
Epam10mo

PPFC already has exposure to large cap companies. I am going aggressive hence not much large cap focused.

SparklyBurrito
SparklyBurrito

Looks good but do remove Axis funds, quite many frauds in Axis and it has underperformed for me.

MagicalHamster
MagicalHamster
Epam10mo

Ok I will remove, where do you suggest I should invest instead of these 2 axis funds?

FuzzyWalrus
FuzzyWalrus
Socure10mo

If u r bullish about specific sectors, consider adding them. Like Pharma, Infra,… funds

MagicalHamster
MagicalHamster
Epam10mo

Tech

DancingTaco
DancingTaco

Did you try ET Money or IND Money to check the ranking of the MFs? You can pick up suggestions based on that ranking.

You should invest in Mid, Large & Mid and Small Cap category. Contra is also a good category to invest in.

Try and put your funds in 2 funds in each category (due to different investment styles of fund houses)

MagicalHamster
MagicalHamster
Epam10mo

I'll check out. Thanks

PeppyMarshmallow
PeppyMarshmallow

nothing, this is already too many and spread too thin. Rather reduce this and concentrate on some or diversify

GoofyHamster
GoofyHamster
Swiggy10mo

Your portfolio is very heavily indexed on mid and small cap - definitely to bring in some large caps here.

SEBI also has recently warned that mid cap and small caps are very over valued, and funds may stop taking investments very soon.

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