[whitewing]

Originally Posted by Comrade

Your MFU’s CAN number must be missing from those particular folios. If you raise tickets online to map CAN by specifying folio#, MFU will route the requests to fund houses, and folios will appear in MFU dashboard within a day or two.

Originally Posted by thanixravindran

I have the same issue....

The issue appears to be missing CAN number mapping as by Comrade.

I raised requests to update the mapping with both fund houses.
PPFAS made the update of the CAN based on a ticket I raised in their portal and I see it now reflected in the MFU (in 2 days of raising the ticket).
Navi is a different story, they asked me to contact Karvy to get it updated.

[Comrade]

Originally Posted by whitewing

Navi is a different story, they asked me to contact Karvy to get it updated.

Just raise a request online using MFU portal. It worked for me when both Axis and SBI folios had to updated, and RTAs were different for the two fund houses. SBI is with CAMS and Axis is with Karvy/KFintech.

[earthian]

How is this fund?

The ASK Golden Decade Fund – Category-III AIF



A multi-cap, buy hold strategy with portfolio of ~ 25 stocks
Portfolio expected to combine Quality, Valuation & time – thereby capitalising on the value migration opportunities in Indian euqities
Key themes/strategies may include Manufacturing, Consumption & Financials
ASK’s time-tested stock filtration process –
Subjective evaluation of management capability
Businesses with ROCE above 25%
Earnings (forward) growth above 20%
Businesses with distinct market-leadership in respective segment
Product tenure of 4-5 years with opportunity of exit in the intervening period


Rationale :



India enters a decade of high-growth trajectory in its journey towards achieving the goal of $ 5 Tn economy
Structural growth expected to remain intact - & gain strength going forward
Demographic advantage – growing young population, increasing urbanisation, rising consumption, financial inclusion & formalization of banking
Rising per-capita GDP – approx. $ 2400

[SmartCat]

Originally Posted by earthian

How is this fund?
The ASK Golden Decade Fund – Category-III AIF

AIF stands for Alternate Investment Fund, the Indian equivalent of 'Hedge Funds'. Minimum investment is usually Rs. 1 cr or above (as mandated by SEBI)

According to me, there is simply no point in investing in PMS (portfolio management service) or plain vanilla AIFs. These funds invest in stocks just like any other mutual fund. Post charges (which are huge), your returns will be as good or as bad as a top quartile equity mutual fund.

If you are interested in AIFs, go for ones that use derivatives. Not plain vanilla stock investing like this one. Atleast that acts as differentiator when compared to equity mutual funds. A good AIF would use derivatives (futures/options) to either reduce risk or increase returns or both.

[S_U_N]

From 01 February 2021 till date, the Hang Seng Index has gone down by 52%.

I know of one fund which invests in HK. https://www.miraeassetmf.co.in/mutua...-seng-tech-etf

Which are the other funds?

[Oxy]

I am 43 (I know it's very late to begin investing), and I am targeting to stay invested till my retirement (next 15 years approx).

Recently I read this and found it interesting. This is what I think my MF portfolio should look like (SIP of 50k per month):

1. SBI Nifty Index Fund - 30k
2. SBI Next 50 Index - 10k
3. SBI Small Cap - 10k

I will be maxing out on PPF every year.

Does this sound sensible?

[sagarpadaki]

Originally Posted by Oxy

I am 43 (I know it's very late to begin investing), and I am targeting to stay invested till my retirement (next 15 years approx).

Recently I read this and found it interesting. This is what I think my MF portfolio should look like (SIP of 50k per month):

1. SBI Nifty Index Fund - 30k
2. SBI Next 50 Index - 10k
3. SBI Small Cap - 10k

I will be maxing out on PPF every year.

Does this sound sensible?

I suggest you hire a fee only financial advisor to help you out with planning. Since you have mentioned you are starting late investing and have 15 years till retirement, it is prudent to hire the services of a financial advisor who can guide you better

[DigitalOne]

Originally Posted by Oxy

This is what I think my MF portfolio should look like (SIP of 50k per month):

1. SBI Nifty Index Fund - 30k
2. SBI Next 50 Index - 10k
3. SBI Small Cap - 10k

I will be maxing out on PPF every year.

Does this sound sensible?

Replace SBI small cap with a Nifty Midcap 150 Index fund from any fund house. Small cap funds have more risk without commensurate returns.

[whitewing]

Originally Posted by Oxy

I am 43 (I know it's very late to begin investing), and I am targeting to stay invested till my retirement (next 15 years approx)....
...
Does this sound sensible?

I assume that the goal of the investments would be to support in your retirement.
Towards that please evaluate your expenses on retirement and check if you can work backwards if you can meet them (making some assumptions on inflation and returns).
Getting a good understanding of expenses takes some time (it took me some years). Once you have this number it becomes easier to work out the other things.

I'm not retired yet :-) but have a better understanding of what it will take in monetary terms if and when I take that step

[Oxy]

Originally Posted by sagarpadaki

I suggest you hire a fee only financial advisor to help you out with planning. Since you have mentioned you are starting late investing and have 15 years till retirement, it is prudent to hire the services of a financial advisor who can guide you better

Thank you. Can you possibly recommend a good advisor?

[sagarpadaki]

Originally Posted by Oxy

Thank you. Can you possibly recommend a good advisor?

Here is one list of pan India fee only financial advisors that I have come across. There might be more as well

https://freefincal.com/list-of-fee-o...ners-in-india/

You can go through the list visit their websites and take a call on with the advisor you wish to interact with.

[thirugata]

Originally Posted by Oxy

1. SBI Nifty Index Fund - 30k
2. SBI Next 50 Index - 10k
3. SBI Small Cap - 10k

I will be maxing out on PPF every year.

Does this sound sensible?

With 15 years of holding period, if I was you my distribution would be 20k for Nifty, 15k for next 50 and 15k for small/mid cap.
In the long term mid/smallcaps give better return. You can rebalance this to bigger share of Nifty if you feel the need in the last 5 years or so.

Note: Max return is not made by investing in large cap or bluechips. It's made by choosing companies which are small and has the potential to become largecap.

[SoumenD]

Any news on RBI increasing Foreign investment limits for fund houses? I had just started investing in MO S&P500 for some diversification but within less than a year that fund paused any further investments as the limit was breached. Currently investing in Navi Total US FoF but would be more interested if MO S&P 500 resumes taking fresh investments.

[thirugata]

Originally Posted by SoumenD

Any news on RBI increasing Foreign investment limits for fund houses? I had just started investing in MO S&P500 for some diversification but within less than a year that fund paused any further investments as the limit was breached. Currently investing in Navi Total US FoF but would be more interested if MO S&P 500 resumes taking fresh investments.

I had spoken to MO a month or so ago. They are still waiting for RBI to increase the limit to start taking fresh investments for S&P 500. As of now the best option to take position in US equity is via MON100 ETF that need to be bought from market during trading time and it's based on Nasdaq 100. This is also MO product.

[Jaguar]

I am not able to figure out how to set up a SIP through MFUtility. The bank account number drop-down under the SIP Mandate Registration doesn't work. I know the account number is properly linked to the CAN because the same appears correctly under the Current Dated 1st Installment section. Tried with different browsers, but still no luck. Finally, I ended up just doing a lump sum purchase, which also errored out after the successful payment. Got an email saying the purchase went through.

Originally Posted by SmartCat

According to me, there is simply no point in investing in PMS (portfolio management service) or plain vanilla AIFs

I thought that PMS would help get better returns since they have better research and time to switch between different investments, which an individual might not. So one is better off taking the help of a fee-only financial advisor to do their own investments?