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-266.html)

I had exactly same situation. I went with 'Canara Robeco Emerging Equities' as it's next best fund in the L&MC category.

I have SIP running in active large cap fund "ICICI Prudential Bluechip Fund - Growth" from 2016. SIP end date is next month. Should I continue SIP in the same fund or start new SIP in passive index funds Nifty50 Index or Nifty Next50 instead?

In general, most active largecap funds have underperformed the Nifty/Sensex. So, advisable to go for a nifty50 index fund instead. Nifty next50 is theoretically a largecap fund but it behaves very similarly to a midcap fund and has much more volatility than the Nifty 50.

Please share your other MF holdings/holding period/risk profile etc. in order to provide better suggestions.

Thanks!
Current monthly SIP distribution

ICICI Prudential bluechip fund 10%
ICICI Multi asset fund 10%
Mirae Asset Emerging bluechip fund 15%
Nippon small cap fund 5%
-----------------------
Motilal Oswal S&P 500 index fund 20%
UTI Nifty50 index fund 30%
ICICI NiftyNext50 index fund 10%

First 4 active funds - SIPs running for the last 5-6 years
Last 3 index funds - SIPs Started last year, all less than a year old.

Did the adjustment today

Updated monthly SIP distribution

ICICI Prudential bluechip fund 10% - Stopped SIP
ICICI Multi asset fund 10%
Mirae Asset Emerging bluechip fund 15%
Nippon small cap fund 5%
-----------------------
Motilal Oswal S&P 500 index fund 20%
UTI Nifty50 index fund 30% -> Increased to 35%
ICICI NiftyNext50 index fund 10% -> Increased to 15%

Overall, your portfolio looks fine.
I am not sure you are going to gain much with 10% allocation to multi-asset fund and a 5% allocation to small cap fund. Asset allocation is best managed through separate equity and debt funds. Also, historically small cap funds have much higher volatility/risk/drawdown compared to midcaps without any significant outperformance in returns and therefore, I never recommend them.

I would replace both these funds with a flexicap/large &midcap/midcap fund like - PPFAS flexi cap, Can Robeco emerging equity, Kotak emerging equity/invesco midcap.

Is having SIPs in Bluechip fund (e.g. CanaraRobeco Bluechip) and UTI Nifty Index fund redundant? I have SIPs in both of them but one is in my own name and one in my wife's name. But I am the contributor to both of these funds.

You can use the below tool to compare various funds to check their overlap. Maybe this can help you decide on which to invest in.

https://www.thefundoo.com/Tools/PortfolioOverlap/

I am trying to shape my mutual fund portfolio on my own for the first time. Want to set up 20K monthly SIP. It would be great if you experts here suggest if this looks OK.

All plans are direct/growth.

Axis BlueChip Fund - 5000
PGIM India Flexi Cap - 5000
ICICI Pru Equity and debt fund - 4000
Axis Growth Opportunities fund - 6000

TIA

Yeah it’s redundant. Just one of them is enough for large cap exposure. I prefer index for the low TER.

Is ICICI Prudential NASDAQ 100 Index Fund a good investment at this point of time? I do plan to hold in for a long time. Asking since the NAV is all time low.

It was launched in September, 21. So, a fund without much historic data. Has had returns in the negative since launch. But it has the same fund manager as ICICI pru US Bluechip fund (Priyanka Khandelwal) and that fund has been doing pretty well. So, I have taken the plunge and started a small SIP in it this January. With the Nasdaq 100 going up yesterday, tomorrow should be the first time I will see some gain:D (will still be in red though).

NAV's don't matter and should not be a factor in selecting a fund. I selected it because of it's lower TER of 0.5% compared to the ICICI US bluechip fund (1.16%). Without any historic data, it's still a big gamble!

Do you have a goal assigned for these investments as yet or just doing for savings purposes? Better to have a goal and then assign the MF's accordingly to suit your risk profile and investment horizon. Search for the 5 or 4 star rated funds based on 3/5 yr profile, compare on ETmoney, Valueresearchonline or moneycontrol and then take an informed decision.

Your shortlisted MF's are mainly equity based, have a debt folio too.

Can anyone suggest a good platform/app for mutual funds?

Beginner wrt mutual funds with focus on SIPs (atleast initially).

ETmoney, coin by zerodha, groww, MFutility etc.

For information/rating of fund, there is valueresearchonline and morningstar.