I started investing in mutual funds through SIPs around one year ago. I have accumulated a corpus of around Rs 80-90,000 across 13 different schemes - from large cap, money market, US market, focused, multi cap, large and medium cap, small cap, value, etc. All these schemes are in direct plans, and in the growth option.All my equity schemes are in red, with around 30-40% downfall. Money market funds are also going down since past few days.My question is: Should I book losses and consider switching/merging the schemes. If yes, please suggest some ideal funds. What to do about the money market fund, should I switch to some equity-based fund? If yes, which one would be optimal?Some considerations: I will continue with my SIPs till my next goal which is around 2-3 years from now. I will need all/partial my corpus for this goal.I am 24 years old.-कौटिल्य भारद्वाज You should immediately stop investing … [Read more...] about My mutual funds are down 40%; Should I sell or switch?
Icici prudential mutual fund
The Reserve Bank of India has joined the battle to contain the damage done to the economy by the Coronavirus pandemic by aggressively slashing policy rates earlier today. Does this warrant any changes to your debt mutual fund investment strategy? The apex bank reduced the repo rate by 75 basis points and reverse repo rate by 90 basis points. "This decision and its advancement has been warranted by the destructive force of the coronavirus. It is intended to: (a) mitigate the negative effects of the virus; (b) revive growth; and above all, (c) preserve financial stability," said RBI. "The rate cut comes as a surprise and a pleasant one for the bond market. The RBI has made it clear that it will do everything to tide over the crisis. That is a big statement coming from the central bank. The RBI governor specifically spoke about transmission in the corporate bond market, which was highly needed," says Mahendra Jajoo, Head-fixed income, Mirae Asset. Jajoo also said that we need to focus … [Read more...] about What should be your debt mutual fund strategy after the surprise RBI rate cut?
New Delhi: Equity-oriented mutual fund schemes delivered a negative return of about 25 per cent to investors over the last one month as the broader market witnessed significant downtrend amid coronavirus-triggered recession fears. The 44-player mutual fund industry is not immune to the economic blowback of COVID-19, and going ahead, small and mid-cap equity schemes will continue to remain under pressure in the short to medium term on account of volatility in the markets, said Krishna Karwa, Senior Research Analyst, at iFAST Financial India. According to data compiled by Morningstar India, all the equity scheme categories -- equity linked saving scheme (ELSS), mid-cap, large & mid-cap, large-cap, small-cap, mid-cap and multi-cap have given negative return in the range of 25-26 per cent between February 19 and March 18, 2020. Individually, large and mid-cap funds have given a negative return of 26.63 per cent followed by large-cap (26.58 per cent), ELSS (26.47 per cent), multi-cap … [Read more...] about Coronavirus: Equity mutual funds give 25% negative returns to investors
I am investing Rs 2,000 per month since 2014 in the following schemes: Reliance Equity Opportunities Fund - GrowthSBI Magnum Global fundFranklin India Bluechip FundKotak Select Focus Fund - Growth ICICI Prudential Focused Bluechip FundI am looking to invest for five to seven years. I understand that Reliance Equity Opportunities Fund – Growth and SBI Magnum Global Fund are not doing well. Considering my investment horizon, should I switch to some other scheme? If yes which scheme would you suggest? --Kamini Esuwaran Abhay Shah, Certified Financial Planner, responds: Firstly, diversification is good as it helps you minimise risk, but over-diversification can lower your returns. Adding too many funds in your portfolio can lead to duplication. A maximum of three funds is enough for you across categories. Secondly, if you have an investment horizon of six to seven years and a high risk appetite, you can prefer mid and smallcap schemes more than largecaps for better returns. If … [Read more...] about Should I sell my investments in Reliance Equity Opportunities Fund?
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. UTI Mid Cap Fund How has the fund performed? With a 10-year return of 16.5%, the fund has comfortably outperformed both the category average (13.9%) and the benchmark index (12.1%). The fund has comfortably beaten both the index and the category average over the past decade. Annualised performance (%)The fund has underperformed across 1-, 3- and 5-year periods. Yearly performance (%)The fund has struggled to outperform in recent years. BASIC FACTSDate of launch :7 Apr 2004 Category : Equity Type : Mid cap Average AUM : Rs 4,441 cr Benchmark : Nifty Free Float and Midcap 100 Index WHAT IT COSTSNAVS* Growth option : Rs 118 Dividend option : Rs 64 Minimum investment : Rs 5,000 Minimum SIP amount : Rs 500 Expense ratio (%)^ : 2.27 Exit load: 1% for redemption within 365 days *As … [Read more...] about UTI Mid Cap Fund: Healthy long-term track record
Stick to funds with good track records and portfolios comprising bonds maturing within three years, especially if you are keen to reduce volatility. Low modified duration – a gauge of possible change in value of the bond in response to a change in interest rates – along with low credit risk, works better for investors with limited appetite for volatility.Not sure which mutual funds to buy? Download moneycontrol transact app to get personalised investment recommendations. … [Read more...] about RBI rate cut: Banking and PSU debt funds still attractive, but return expectations tempered