Reading about the top performing mutual funds' entry and exit in stocks, or increase and decrease in their allocations might give you some investment ideas as well.
Mutual funds garnered Rs 8,245.62 crore through SIPs in October, around Rs 17 crore lower than what they collected in September.
Mid cap category generated negative returns (-12%) in the calendar year 2018. However, the category managed to offer a meagre year-to-date return of 0.58%.
There are 73 equity schemes which grew by over 12% in the last one and half month. Around 250 equity schemes grew over 10% in the same time period.
JM Mutual Fund’s equity schemes are giving double-digit returns in last one year. Should you invest?
JM’s equity schemes are invested mainly in bluechip stocks like Bajaj Finance, HDFC Bank, Maruti Suzuki India, Asian Paints, ITC whose recent outperformance is reflecting in its one year performance.
Many investors tend to mistake a ‘diversified portfolio’ as a portfolio with ‘many schemes.’ There is a misconception that higher number of funds in one’s portfolio can insulate a portfolio better during downturn.
Since rolling returns are calculated on a series of data, there is a very high probability of decent performance from these schemes.
Out of the 40% schemes that managed to deliver double digit in the last five years, 23% were small-sized funds holding an AUM of up to Rs 500 crore.
Canara Robeco Emerging Equities Fund, the third largest scheme in the large & mid cap category, has consistently outdone its benchmark and peers.
Diversification is in-built in the large & mid cap category, says Miyush Gandhi of Canara Robeco Mutual Fund
Most investors invest in multiple schemes to diversify their investments across market caps based on their individual risk appetite. Miyush Gandhi of Canara Robeco Mutual Fund explains how large & mid cap category can help investors to diversify their investments.
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