icebags
Technomancer
o ok, thanks.
TheSloth
The Slowest One
If you are going to do multiple investment then you can use Groww. Registering for various funds house and remembering several account passwords seem cumbersome to me. Earlier I was also planning to regsiter on Axis MF site for Large cap fund but stopped since I will doing investments from other providers as well. Groww can help me segregate all the investment under single roof for easy access and maintenance.
icebags
Technomancer
any charges there need to be paid to groww ?
TheSloth
The Slowest One
It is free as of now.
sling-shot
Wise Old Owl
If you can tolerate outdated design mfutilites is supposed to be best.
www.mfuindia.com
www.mfuindia.com
It is missing some important features, last time a friend told me that you can not see current asset value in it(or something like that) which is easily available in other apps like groww or zerodha coin.
Don't just see the graph, see what is the portfolio constitution of equity portion in case of hybrid MFs. Frankly speaking I don't like hybrid funds all that much.
Just my observation but top rated funds usually don't have too high expense ratio & those that do most often don't appear in top performing MFs of that category.
rockfella
Ambassador of Buzz
I wish I knew about this thread when it was started. I started my journey in Nov 2017 at age 38.
Dads have some beliefs that are very difficult to change. Back in their days MFs probably had no good returns. Indian economy picked up pace in early 2000s. They don't understand things are way different now.
Share your profit details/thoughts man! That's a long time. 3 decades!
I did some reading on how economy suffers post pandemics then recovers and usually reaches new heights. Invested aggressively after market crash in march 2020. Now my portfolio looks great.
I did. Heck I even sold some 40 year old gold lying in the house when gold prices were sky high! Invested everything in MFs.
rockfella
Ambassador of Buzz
If we do ELSS and fill up 80C we can save around 30k taxes per year. That itself makes it the first logical choice to invest in ELSS as priority. The 36 months lock is on each transaction not the full amount invested. When I started investing in 2017 I started with 2 ELSS funds. Axis Long term equity fund and Aditya ELSS. In Jan 2121 when almost all funds were performing great I noticed Aditya ELSS hovering at around 10/15% : It was not performing well. I started withdrawing from it since some transactions were older than 36 months and invested in better performing funds.
I also plan to further withdraw from Aditya ELSS in this FY and invest in the strong performing AXIS ELSS if I find I don't have enough funds.
My point: Regular monitoring helps.
rockfella
Ambassador of Buzz
It can. Economy affects every "Safe" option like FD/ROI in savings account etc.
rockfella
Ambassador of Buzz
I think that was if you have more than a lakh in the account and 6.5% is our inflation %. It is useless if you ask me.Even Kotak was giving 6.5% earlier
rockfella
Ambassador of Buzz
No. SIPS are preferred specially if you want to do a big lumpsum amount. At least spread out the full amount in 24 SIPS. This is to safeguard against any major dips in the future.
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rockfella
Ambassador of Buzz
True. IPOs are risky and nothing can really give us any idea on what stock/IPO will turn into a multibagger. That luck happens rarely.
Eicher is a legendary example but back in 2004/5 who knew they will scale those heights just by selling bullets.
rockfella
Ambassador of Buzz
There is no such thing as "Best fund" even the best performing funds in the past tend not to perform in some years. Stick with some good rated good performing funds now ..... make some analysis after a few years and tweak/change as needed.
You can never go bad with investment in Mutual funds, IF:
1. You are investing for long term (more than 5 years)
2. Your MF are diversified enough (that is shares in different MF are not overlapping by a great margin).
Also, set a goal! This is a very important factor to consider, that may who invest don't make goals.
Goal means, planning on the intent of investing in a particular MF.
Example of a goal can be "saving for car in 5 years". So when it's 5 years you withdraw that amount to fulfill your goal (provided market isn't in depression).
If we don't have goals, we end up reaching "somewhere", but not where we want to.
This is something I myself is lacking though, my aim in next month is to make goals and stick to it. I think I will open an account in Kuvera for the same.
1. You are investing for long term (more than 5 years)
2. Your MF are diversified enough (that is shares in different MF are not overlapping by a great margin).
Also, set a goal! This is a very important factor to consider, that may who invest don't make goals.
Goal means, planning on the intent of investing in a particular MF.
Example of a goal can be "saving for car in 5 years". So when it's 5 years you withdraw that amount to fulfill your goal (provided market isn't in depression).
If we don't have goals, we end up reaching "somewhere", but not where we want to.
This is something I myself is lacking though, my aim in next month is to make goals and stick to it. I think I will open an account in Kuvera for the same.
rockfella
Ambassador of Buzz
My goal is to achieve FIRE : financial independence retire early. This may take 10 /15 + years but I am on it. Few years ago I used to think of buying a car. Now I can (with the interest I have earned already!) but now I think invest more to retire early. Long term goal lol .. but I am fickle minded. I don't know how I will mentally evolve after a few years. No real use having 3 crores corpus (although that won't be bad) but living a miserable life. We got one life... gotta think on those terms too. Short terms goal is to invest all I can. If some expense comes up I withdraw from MF and invest the leftover again. I think of MFs as a savings account that just has a lot more interest rate.