The Mutual Funds Investment Thread

[shreeux]

Recently added below 2 funds other than any more funds to add?

Axis Bluechip Fund - Direct Plan
Canara Robeco Bluechip Equity Fund - Direct Plan

 

[rock2702]

Recently added below 2 funds other than any more funds to add?

Axis Bluechip Fund - Direct Plan
Canara Robeco Bluechip Equity Fund - Direct Plan

Canara Robeco is an ELSS fund if I am not wrong?

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[whitestar_999]

Largecap : Hdfc index fund sensex plan
Multicap : Parag Parikh Long Term Equity Fund and Invesco India contra fund
Smallcap : Axis small cap
ELSS : Mirae Asset

I plan to start investing this year since I have repaid one loan and I have money that monthly loan amount to invest. I already have one ICICI Direct account, should I use that OR should I open account from the official pages of funds say, one account for Mirae and another for Axis blue chip? Under ICICI Direct account, isn't it easy to see all investment on same website instead of maintaining several login accounts?

I am looking for inputs here on my understanding so far .
Isn't it better to start with ELSS and then add Large Cap fund investment since ELSS has tax deduction benefit under 80C and good return rates as well in case anyone wants to continue more than 3 years.

Banks don't provide "Direct" MF plans of their competitors on their platform, for that you must use either MF own site or a 3rd party site which offers direct plans for all major MFs like Groww/paytm/coin by zerodha(it keeps MF units in demat acc unlike other providers so you must open/use dmat acc too which is a bit of a hassle)

ELSS is good for tax savings but you will have to calculate how much you are saving on tax vis-a-vis investing same amount in index fund like niftybees for same number of years.

 

[whitestar_999]

Recently added below 2 funds other than any more funds to add?

Axis Bluechip Fund - Direct Plan
Canara Robeco Bluechip Equity Fund - Direct Plan

Typical person should not invest in more than 4-5 MF.

 

[shreeux]

Typical person should not invest in more than 4-5 MF.

I like to add 2 to 3 funds...Max 5

MIdcap, SmallCap, Multicap, or Hybrid...Each sector need one more to add

 

[whitestar_999]

I like to add 2 to 3 funds...Max 5

MIdcap, SmallCap, Multicap, or Hybrid...Each sector need one more to add

First of all, add an index fund MF like niftybees. SEBI has initiated some changes in operating rules for multicap MF so wait for things to settle before picking a multicap.

*www.moneycontrol.com/mutual-funds/nav/nippon-india-etf-nifty-bees/MBM001

*www.livemint.com/mutual-fund/mf-ne...-come-into-effect-in-2021-11609125660277.html

 

[shreeux]

First of all, add an index fund MF like niftybees. SEBI has initiated some changes in operating rules for multicap MF so wait for things to settle before picking a multicap.

*www.moneycontrol.com/mutual-funds/nav/nippon-india-etf-nifty-bees/MBM001

*www.livemint.com/mutual-fund/mf-ne...-come-into-effect-in-2021-11609125660277.html

ok..instead of an Index fund...We accumulate Niftybees or Juniorbess...Its safe?

 

[whitestar_999]

ok..instead of an Index fund...We accumulate Niftybees or Juniorbess...Its safe?

Yes if you can buy directly niftybees from stock market then that's better but keep in mind the liquidity is not that high in niftybees shares so you may not be able to always sell immediately.

 

[Zangetsu]

I invested in 2 Tax Saver funds last year for 80C and getting 25-26% returns now

 

[shreeux]

Yes if you can buy directly niftybees from stock market then that's better but keep in mind the liquidity is not that high in niftybees shares so you may not be able to always sell immediately.

Checked always liquidity there

 

[TheSloth]

Banks don't provide "Direct" MF plans of their competitors on their platform, for that you must use either MF own site or a 3rd party site which offers direct plans for all major MFs like Groww/paytm/coin by zerodha(it keeps MF units in demat acc unlike other providers so you must open/use dmat acc too which is a bit of a hassle)

ELSS is good for tax savings but you will have to calculate how much you are saving on tax vis-a-vis investing same amount in index fund like niftybees for same number of years.

I will check if ICICI Direct has MF from rival companies.

Hearing first time about the Bees. Nippon India ETF Nifty BeES [155.4799] | Nippon India Mutual Fund - Moneycontrol
I will check the details and come back with more questions.

 

[shreeux]

Checked always liquidity there

 

[Nerevarine]

I will check if ICICI Direct has MF from rival companies.

Hearing first time about the Bees. Nippon India ETF Nifty BeES [155.4799] | Nippon India Mutual Fund - Moneycontrol
I will check the details and come back with more questions.

Try the Groww app, I have been using it since a long time to invest. Very easy to use and also tracks your external investments

 

[TheSloth]

View attachment 19887

which column shows liquidity?

 

[rock2702]

How is SBI Bluechip fund for long term investment?

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[TheSloth]

Try the Groww app, I have been using it since a long time to invest. Very easy to use and also tracks your external investments

I am looking into all the available options to open Demat/Trading account in apps like Zerodha, Upstox and Groww. Currently I have ICICI Direct account so I am looking into that as well.

@whitestar_999 In ICICI Direct, I am able to see SIP plans from other firms like Axis, Canara Rebeco, Mirae etc including Axis Large Cap Bluechip Growth plan.

I checked and found that annual maintenance fee is Rs.700 for ICICI Direct compared to Zerodha/Upstox having just Rs.300. Is there any other charge on every SIP I start?
I was seeing so many pros and cons of these and understood only the annual fee.

 

[shreeux]

I am looking into all the available options to open Demat/Trading account in apps like Zerodha, Upstox and Groww. Currently I have ICICI Direct account so I am looking into that as well.

@whitestar_999 In ICICI Direct, I am able to see SIP plans from other firms like Axis, Canara Rebeco, Mirae etc including Axis Large Cap Bluechip Growth plan.

I checked and found that annual maintenance fee is Rs.700 for ICICI Direct compared to Zerodha/Upstox having just Rs.300. Is there any other charge on every SIP I start?
I was seeing so many pros and cons of these and understood only the annual fee.

Yes...Zerodha/Upstox discount brokerage

Discount Broker vs Full-Service broker India

 

[TheSloth]

Looks like by ICICI Direct account is closed. Just now I remember I closed it myself 2-3 yrs back since I was not using it and they were charging Rs.700. If re-activate my account there, will they do KYC again? If KYC process will be again then I would rather try other apps.

 

[TheSloth]

Try the Groww app, I have been using it since a long time to invest. Very easy to use and also tracks your external investments

Thanks for your suggestion. I am also liking the simplicity of the UI of Groww. Haven't downloaded yet, just comparing everything from their homepages.
But What do you mean by external investments?

 

[shreeux]

Looks like by ICICI Direct account is closed. Just now I remember I closed it myself 2-3 yrs back since I was not using it and they were charging Rs.700. If re-activate my account there, will they do KYC again? If KYC process will be again then I would rather try other apps.

Leave it, Not only AMC, but the brokerage also high. Banks are 3-in-1 account for easy Transaction.

What is the difference between a 3-in-1 and 2-in-1 account?.