Team-BHP (https://www.team-bhp.com/forum/)

-   Shifting gears (https://www.team-bhp.com/forum/shifting-gears/)

-   -   The Mutual Funds Thread (https://www.team-bhp.com/forum/shifting-gears/105873-mutual-funds-thread-188.html)

Depends on the risk you're willing to take. Large cap funds will have better immunity to market crashes compared to mid and small cap funds.

The funds are pretty good as of now. I suggest that you look into Parag Parikh Long Term Equity Fund in the Multicap category. Has 35% of it's investments on overseas stocks. You can consider replacing the ICICI US bluechip fund with the same. Also consider the possibility of pitching in a Debt/Balanced fund in your portfolio (Eg: FI Ultra Short Term Bond Fund or ICICI Equity and Debt Fund). Also do note that Axis small cap fund has around 35% exposure to mid cap stocks. So along with Axis midcap fund, you're significantly invested mid cap stocks.

Everything is fine except your over reliance on Axis AMC. Axis have done rather well over the past few years because their style of investing(concentrated portfolios, quality/ growth companies) has done well. This may not always be the case. You should only chose one or two funds from an AMC. Shreyansh Devalkar manages both axis bluechip and axis midcap.

Guys please suggest a liquid fund for a short term lumpsum investment. (~6 months to 1 year)
And wish to start a SIP as well of around Rs.3000 per month, for long term (15+ years).
Any suggestions will be much appreciated.
Thanks.

You may go for Birla Sunlife liquid fund. No affiliations, just they have good underlying papers which I feel are secure enough.

You can look at Franklin India Liquid Fund.

Usually, I invest in Liquid funds if I plan to park funds for less than a month or few weeks. Beyond a month, I usually look at Ultra Short Duration Funds and beyond 3 months, I start looking at Low Duration Funds. Depending upon your risk appetite, you can analyze funds from these 3 categories and take a call. BTW, Liquid funds are safest among the three categories but at the same time give the least return if you are looking at 6 months to 1 year duration.

Thanks guys. With the time frame I had mentioned, seems like low duration funds would be better. Will look into them as well. :thumbs up

There is no set formula for allocation to specific category of funds. In terms of risk, Large Cap is safer than mid or small cap.
Not that I am a veteran but if you are a new investor and not sure of asset allocation, stick to Aggressive Hybrid plans or Multicaps. As your portfolio builds with time, you will build confidence and probably then get to the other specific categories. Basis my experience and doing everything that the experts advise not to do, SIP in mutual funds is more about discipline and continuity with a periodic check on the performance. The fund selection is probably not the most important factor in SIP journey.

You have 3 funds from Axis - my suggestion is to get this number to 2, preferably keep Axis Midcap.
I will also suggest PPFAS (Parag Parekh Long term equity) MultiCap fund. Among all the funds that I have been investing in last 2+ years, this particular fund along with Axis Bluechip has managed the downside the best of the lot.

Hello all,
I have around 15 Mutual Funds in my portfolio. Many of them were SIPs which were discontinued due to certain reasons. Currently I am investing in around 6 MFs through SIP every month. Should I consolidate my portfolio to reduce the number of Funds or hold on to all the Funds. Few of the stopped MF SIPs are showing negative returns as they are mostly in the Small/Mid Cap sector.
Thanks.

Are these all 15 equity funds or a combination of equity and debt?
Always a tough decision. It's easier to sell winners than losers. The hope is that the loser may turn around one day.
If you feel you have 6 good winners at hand now, then focus on them. If these are equity funds, then sell the rest 9 and gradually invest the proceeds into your current lot. The grandfathering clause would mostly ensure that you wont pay tax on small and mid caps as they had hit their peaks in Jan 2018 and haven't recovered yet.
If some of these are debt funds, you can continue to hold them. It's essential to have a diversified debt portfolio due to the credit and interest rate risks.

Thanks sansvk for the advice.
It's a combination of equity and hybrid funds. No pure debt funds as such. The SIPs which are ongoing are the better performing funds in their categories. Considering the market is at its peak right now, I am a bit apprehensive about selling my old funds and buying lumpsum now.

Guyz, this thread has made me quite eager to start investment (I only did in PPF and other tax savings instruments till now). Looking for starting a SIP.

Tried with Axis bank, but I guess I have to go physically to complete my cKYC.
Tried with Paytm bank, completed my eKYC, but I guess my Salaried A/c with Citibank is not a partner, hence have to drop the idea.

Now here is my question, tried with Citibank a/c, and I want to know whether they charge any commissions etc or not. If they do, what are my options?

Go with Direct MF schemes of AMC. Few options - one, open account directly with AMC. But if you are just starting with MFs, try Coin platform from Zerodha.

Citibank charges a transaction fee of 1% for lump sum and investment into equity funds and SIP above Rs 25,000. If you are going with Citibank, just stick to SIP under 25k.

Ideally, you should look at platforms that allow you to invest in direct funds.

Can you tell me few of such recommended platforms??

I am reasonably happy with MF Utilities.

https://www.quora.com/I-heard-about-...d-transactions

Pradeep