Mutual Fund Assessment
Have been investing in MF for the last 2 years, think I need to adjust and remove some of the overlapping funds. Please give suggestions. Have monthly SIP for 10k in each MF, total 50k.
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?
8mo ago
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JumpyPretzel
Stealth8mo
Remove both Axis ones. Replace them with other small and midcaps
MagicalHamster
Epam8mo
Any reason to remove axis funds? I've heard a lot negative above axis nowadays. What is the reason?
JumpyPretzel
Stealth8mo
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
Amazon8mo
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
Epam8mo
I am going aggressive. For very long term. I checked the overlapping, it is not much
DancingDonut
Stealth8mo
Change the direct plan to regular. To avoid any inconvenience, I will give you my referral id.
Do have a look at Mirae Great consumer fund
Very decent returns
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