[adi.mariner]

Mirae Asset Emerging Bluechip Equity Fund is allowing SIP of ₹25000 from 10th October 2023. Just received a mail regarding the same.

[Capri89]

Originally Posted by adi.mariner

Mirae Asset Emerging Bluechip Equity Fund is allowing SIP of ₹25000 from 10th October 2023. Just received a mail regarding the same.

Sort of a dichotomy in the fund as per Money Control.

The Crisil Rank is only 2 star, whereas the rank on an absolute return basis is No.2 for a 5 year period (rank within 70 Large & Midcap fund category)

What sort of methodology is being used is beyond me. Someone with more knowledge and information please clarify.

[argchoff]

Originally Posted by Capri89

Sort of a dichotomy in the fund as per Money Control.

The Crisil Rank is only 2 star, whereas the rank on an absolute return basis is No.2 for a 5 year period (rank within 70 Large & Midcap fund category)

What sort of methodology is being used is beyond me. Someone with more knowledge and information please clarify.

The fund from it's inception in 2013 till 2021 was consistently giving very high returns and since 2022 and was rated highly by crisil in the past but it has been giving very poor returns just like other funds in the same category. Most Large & Midcap funds, focused funds and large caps have faired poorly for the last couple of years.

[SmartCat]

Originally Posted by Capri89

What sort of methodology is being used is beyond me. Someone with more knowledge and information please clarify.

It is calculated based on something called RISK ADJUSTED RETURNS. Simply put, it gives an idea about how much risk you are taking to generate returns.

Bitcoin has given enormous returns in the past. But if one were to rate it, it will never be a 5-star asset. Because it has crashed 90% from peak multiple times.

Similarly, if a mutual funds has high returns but only 2 star ratings, it means the fund is relatively volatile compared to its benchmark. It is implying that you might see a large notional loss after you invest.

Anyway, for ratings, I trust valueresearchonline.com's ratings more. And this fund has a 4 star rating.



Morningstar.in too has ratings:



Now although the formula for Risk Adjusted Returns is the same, duration selected (since inception? last 5 years? last 3 years?) for calculation might be different - so you might find the same fund with different ratings at different websites.

[N.A.GTC]

Originally Posted by SmartCat

Anyway, for ratings, I trust valueresearchonline.com's ratings more. And this fund has a 4 star rating.
.

Hi,

Any particular reason for this? Something we all should also be looking out for?

[shipnil]

Originally Posted by SmartCat

it gives an idea about how much risk you are taking to generate returns.
.

Anyway, for ratings, I trust valueresearchonline.com's ratings more. And this fund has a 4 star rating.

SmartCat, I follow your posts on this thread and they are quite insightful. Related to valueresearchonline rating, I have a question. There is this fund, Axis Focused 25 which was 5 star fund till 2021 on VR but now I think it is 1 star. So, has risk profile drastically gone up for this fund?

[SmartCat]

Originally Posted by N.A.GTC

Hi, Any particular reason for this? Something we all should also be looking out for?

It is just that I have been following Valueresearhonline and its rating system for a long time. Meanwhile, Morningstar is an American financial services company and its rating system is well-respected globally. Crisil/Moneycontrol rating system is relatively new, and I haven't really analyzed them much.

Originally Posted by shipnil

Related to valueresearchonline rating, I have a question. There is this fund, Axis Focused 25 which was 5 star fund till 2021 on VR but now I think it is 1 star. So, has risk profile drastically gone up for this fund?

You can dig deeper into why a fund is rated so, by clicking on 'Risk' link for each fund
https://www.valueresearchonline.com/...ect-plan/#risk



Risk/returns are measured based on 5 technical paramters (click on 'i' button to know what each parameter means). For some parameters, higher the number is better while for others, lower the number is better. You can also see 'rank within category' for each parameter.

So this particular fund comes last in all the risk/returns parameters among 52 funds in this segment. A 5 star fund slipping to 1 star means risk and/or returns have taken a hit in recent times.

[srsrini]

Originally Posted by SmartCat

....

Morningstar.in too has ratings:

Attachment 2511831

Now although the formula for Risk Adjusted Returns is the same, duration selected (since inception? last 5 years? last 3 years?) for calculation might be different - so you might find the same fund with different ratings at different websites.

Morningstar is actually quite good to look at risk vs return. It is not visible in the screenshot, but you would see a Risk&Rating tab that has a wealth of dense information. And more importantly, you can see it for 3, 5 and 10 years. (Most ratings look at 3 year alone.)

If you really want to compare some extremes, look at this tab for these two funds from the same category - parag parikh flexi cap and hdfc flexi cap. It would be very illuminating.

[fhdowntheline]

I also follow VR for some time. I remember Mr Dhirendra Kumar mentioning in one of his videos that one is advised not to pay a lot of attention to star ratings or various technical parameters . They are recommending Best Buy on Axis Bluechip inspite of it significantly underperforming compared to peers and losing its 5 star rating.

[VaibhaoT]

Originally Posted by SmartCat

You can dig deeper into why a fund is rated so, by clicking on 'Risk' link for each fund
https://www.valueresearchonline.com/...ect-plan/#risk

Attachment 2511990

Risk/returns are measured based on 5 technical paramters (click on 'i' button to know what each parameter means). For some parameters, higher the number is better while for others, lower the number is better. You can also see 'rank within category' for each parameter.

I feel that monitoring risk ratios than the rating provided by any agency is better option. I am following these ratios from last couple of years on Moneycontrol. They have color coded values which makes it newbie/layman friendly.
Personally I find these ratios immensely helpful.

[ashvek3141]

Pardon my noob question, but iis there any way to modify the SIP amount for PPFAS & Nippon Small Cap Fund? Just like the PPFAS, now even the Nippon Small Cap has restricted any modification in the SIP amount. Both are still showing as ‘AMC SIP’ in Coin.

[rx100]

Originally Posted by ashvek3141

Pardon my noob question, but iis there any way to modify the SIP amount for PPFAS & Nippon Small Cap Fund? Just like the PPFAS, now even the Nippon Small Cap has restricted any modification in the SIP amount. Both are still showing as ‘AMC SIP’ in Coin.

What exactly the issue you are facing? It is allowing me to modify my SIP amount in Coin. Go to Investments then SIP tab, then select the fund and modify and increase the SIP amount.

[ashvek3141]

Originally Posted by rx100

What exactly the issue you are facing? It is allowing me to modify my SIP amount in Coin. Go to Investments then SIP tab, then select the fund and modify and increase the SIP amount.

There’s no option to modify the SIP amount.

[rx100]

Originally Posted by ashvek3141

There’s no option to modify the SIP amount.

Looks like AMC SIP cannot be modified. Try creating a SIP by unchecking AMC SIP option and select a new mandate. You can invest in direct plans and it allows to modify installment amount or step up SIP amount at given period.

[ashvek3141]

Originally Posted by rx100

Looks like AMC SIP cannot be modified. Try creating a SIP by unchecking AMC SIP option and select a new mandate. You can invest in direct plans and it allows to modify installment amount or step up SIP amount at given period.

Yes, I am aware that SIPs other than AMC SIPs can be modified in Coin. The PPFAS MF was converted to AMC SIP over a year ago and yet they haven't reverted since. Same is the case now with Nippon Small Cap Fund, which has been converted to AMC SIP in last few months. Just wanted to check what exactly is the thing here and is there anyway wherein we can modify the SIP amount in AMC SIP.