Parag Parikh Long Term Equity Fund is one of the most talked about equity schemes these days. The scheme has been topping the chart in one-, three- and five-year horizons.
Mutual fund advisors and financial planners believe that profit booking is not the only reason for the sharp fall in mutual fund net inflows in June.
Value funds have the ability to outperform, says Daylynn Pinto, fund manager, IDFC Sterling Value Fund
A look at some of the value schemes in the last one to three months indicate that the category may be on its way back to form. Shvani Bazaz of ETMutualFunds.com spoke to Daylynn Pinto, Senior Fund Manager-Equity, IDFC Asset Management Company, to find out the prospects of value category.
MNC Funds or mutual fund schemes that invest mostly in multinational companies are gaining currency these days. MNCs are always bankable, especially in the current bleak economic scenario due to the pandemic.
If we are able to get process right, performance will take care of itself, says Jinesh Gopani of Axis MF
Since our inception in 2009, the core philosophy of the investment process has been a steadfast adherence to quality. We at Axis, have always remained true to our investment strategy, says Jinesh Gopani.
Apart from debt schemes, Investors also seem to be pulling money out even from the equity schemes managed by the fund house. Equity AAUM also suffers because of market movements.
Many new investors are eager to create wealth over a long period. They choose the best equity mutual fund for the purpose. Since they know a little about the advantage of diversifying, they also try to invest in multiple schemes.
“If you have the bandwidth to continue your investments, then do not stop them or redeem in a market correction,” Balasubramanian advises.
Bank saving deposit rates are coming down and this definitely gives debt mutual funds an edge over the savings bank account in terms of post-tax returns. However, the comparison is not that easy.
Gold prices hit a record high of Rs 48,589 for 10 grams on Wednesday. The yellow metal is likely to shine more due to the uncertainties in the global economy because of the Covid-19 pandemic.
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