Team-BHP - The Mutual Funds Thread

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Originally Posted by rajesh1868 (Post 5607768)

Can I start a SIP in my wife's name but use my bank account for payments? Question specific to Mirae asset emerging blue-chip fund

No, you cannot. The holder of the mutual fund portfolio and the bank account should be same. What you can do is open a joint account or add her name to your existing account and then you should be able to open an SIP in your wife's name.

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Originally Posted by ghodlur (Post 5607764)

Another underperforming fund in my portfolio is the Parag Parikh Flexicap. Once a darling of the MFs, this one too has been very slow moving for reasons not known. Any views of this fund? I have a SIP in this one too. Should I continue or shift to other fund?

I personally feel this fund is still doing better.

Out of curiosity, want to understand your views on this fund. Are you comparing the return with any other fund/index or previous returns of this fund? Any other concerns you have?

One change for this fund is with respect to quantum of investment in foreign equities after SEBI restrictions. I started investment in this fund when its AUM was 5000 Cr & now its touching 40K Cr, which is a matter of concern for me in some sense.

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Originally Posted by VaibhaoT (Post 5608570)

One change for this fund is with respect to quantum of investment in foreign equities after SEBI restrictions.

This was the one major change which had an indirect Domino effect due to the fact that they took a call to invest all incremental inflows only in domestic stocks, resulting in a progressive reduction in the proportionate US stock holdings.

Note that the domestic holdings comprise of the bluechip stocks and the fund too follows the logic of holding value stocks resulting in a predominantly defensive type of portfolio.

The past returns (relatively more attractive) of the fund could be attributed to the higher proportion of US stock holdings which gave better returns due to the technology biased stocks and the dollar rupee hedge.

Quote:

Originally Posted by ghodlur (Post 5607764)

Another underperforming fund in my portfolio is the Parag Parikh Flexicap.

This fund is still beating the Flexi-cap category average in 6M, 1Y, and 3Y returns. I don't see any need to be concerned about. Perhaps the fund managers' long trust in ITC is paying off now.

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Originally Posted by DigitalOne (Post 5609389)

I don't see any need to be concerned about. Perhaps the fund managers' long trust in ITC is paying off now.

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Originally Posted by VaibhaoT (Post 5608570)

I have been doing the SIP in this fund for 18 months now. Although the market figures for the returns show substantial returns, somehow my SIP returns still shows in single digit. I have checked the same on the PP website too, have dropped them a mail regarding this, yet to hear from them.

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Originally Posted by ghodlur (Post 5609787)

I feel your timing is unfortunate. I do not think that apart from Small Caps, any other MF have managed to maintain the good returns since 2022. Till 2021, my returns in PP flexi cap was consistently hovering around 26%. But as of today its around 21%. But I still feel, this fund is still worth keeping in portfolio.
Having said that it would be interesting to see how fund managers make this big AUM elephant dance. It wont be easy I feel.

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Originally Posted by VaibhaoT (Post 5609982)

Till 2021, my returns in PP flexi cap was consistently hovering around 26%. But as of today its around 21%. But I still feel, this fund is still worth keeping in portfolio.
Having said that it would be interesting to see how fund managers make this big AUM elephant dance. It wont be easy I feel.

How's the taxation of this fund now if someone starts investing from April,2023? Does the new change in taxation for debt and international funds affect this or is it similar to equity fund(10% flat if units are more than 1 year)?

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Originally Posted by SoumenD (Post 5609996)

Capital gain changes that you mentioned is for pure international fund. This is not a pure International fund. Even in the past they never breached the limit of 30% exposure to international equity. After SEBI restrictions, exposure has reduced even further.

I found this article where PPFAS has mentioned similar thing.
https://www.financialexpress.com/bus...%20indexation.

Need advice on one fund. I have invested in Axis Focused 25 Fund. It was among top 5 funds in Flexicap category till end of 2021 but has suddenly become worst performer in the category. Any idea, what has changed? In fact it has given negative return in last 1 year while the sensex has gone up by 10%. Should I stay invested or exit the fund?

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Originally Posted by shipnil (Post 5610650)

I had noticed some other funds of Axis had also started underperforming around the same time. They started declining around October 2021 and have always underperformed since. No clue why.

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Originally Posted by shipnil (Post 5610650)

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Originally Posted by N.A.GTC (Post 5611099)

I had noticed some other funds of Axis had also started underperforming around the same time. They started declining around October 2021 and have always underperformed since. No clue why.

Axis AMC had some corporate governance issue since last 1 year.
https://www.fortuneindia.com/enterpr...ng-case/111761

https://www.livemint.com/mutual-fund...696094448.html

I agree that for AXIS MF, performance has impacted in recent past for most of their equity funds.

I've gone in full-fledged on Index funds when it comes to Equity. One Index Growth fund each in Nifty 50, Nifty Next 50, Nifty Midcap 150 and Nifty Smallcap 250. And I've gone the Direct route with each AMC, because I was recommended to prefer Direct over Regular for any long-term funds by a financial advisor who was guiding a friend.

It's nicely oiled and automated to a stage where I just do monthly SIPs and ignore all the noise, unless I have some financial constraint. I figured it's sufficient for me to comfortably beat inflation, as opposed to marginally beating the market.

For the one International Fund I have, I used to invest in Motilal Oswal's S&P 500 Index fund, but the on-and-off restrictions over the last 2 years have been killing me with bad timing.

So, I withdrew everything from MOS&P500 and placed them in Navi's US Total Market Index fund, which is maybe 80% the same as the S&P 500 Index Fund anyway. Navi is a relatively new player in this business though, so I hope this doesn't come back to bite me in the bottom. That said, with the share it has in my portfolio (10-15% at max), I don't think it's worth the overthinking.

I also do have a long-running Corporate Bond Fund and a Gilt Fund, in the debt portfolio. It helps me to rebalance periodically to maintain my 70-30 Equity-Debt ratio (which I plan to switch to 60-40 when I turn 40).

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Originally Posted by shipnil (Post 5610650)

I started investing in Axis Focussed 25 just before the pandemic. Infact did a lump some in April 2020. But this fund has been a drag on my portfolio for the past 1-2 years. I exited fully 2 months back, when the XIRR returns was around 10%. Reinvesting the same in my other funds in a proportionate manner.

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Originally Posted by Small Bot (Post 5611307)

So, I withdrew everything from MOS&P500 and placed them in Navi's US Total Market Index fund, which is maybe 80% the same as the S&P 500 Index Fund anyway. Navi is a relatively new player in this business though, so I hope this doesn't come back to bite me in the bottom. That said, with the share it has in my portfolio (10-15% at max), I don't think it's worth the overthinking.

Why did you remove money from MO S&P500? You could have kept it invested as new investments were stopped anyways and start new folio and investments in Navi US total market.

I mean, I did that only. In fact this year, I even got a new folio (2nd one) under Navi US Total market fund once the new rules of international debt funds kicked in.
This way, the first folio of Navi US total market fund when redeemed will be taxed as per old way (20% with indexation) and whatever redeemed in new folio (preferably only after I retire) is done as per new worse method (gains added to income) and I can maintain separation.