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    Best multi cap funds for my child's education

    Synopsis

    If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

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    I am investing in regular plans of mutual funds with the help of a mutual fund advisor. I want to invest in multi cap funds (direct plans) through SIP for my child's education. I tried to compare my funds's overlap with multi cap funds, but couldn't. Please help me choose a better scheme.

    My investments are:
    Mirae Asset Large Cap Fund
    L&T Midcap Fund
    Invesco Smallcap Fund
    Mirae Asset Midcap Fund
    - Venugopal


    It seems, you want to save on the commission paid to your advisor by taking care of your investments on your own. Since you have recently found out while trying to compare funds that you still have to learn some more about mutual funds, our advice is to stick to your advisor and continue to seek your help with your investments. Learn enough and gain more confidence before taking care of your investments on your own.

    Many direct investors get confused when the market is going through a rough patch. For example, we receive many queries from direct investors looking to confirm their investment choices. It is not easy to get a personal advice from mutual fund forums, including this one. The only information we have is the one provided by you. We are not questioning your further for more details. So, the advice would be mostly general one, short on specifics. Similarly, you wouldn't get the reassurance of guidance you are looking for immediately from a forum. You will have to wait for your turn.

    Things You should consider
    • Annualized Return
      for 3 year: 4.35%
    • Suggested Investment
      Horizon: >3 years
    • Time taken to double
      money: 3.6 Years
    That is why we believe new investors who are not thorough with mutual funds and investing should stick to a mutual fund advisor.

    Your current portfolio has a very high element of risk: mid cap and small cap funds are extremely risky and volatile. Hope you have the necessary risk profile.

    Here is our recommended multi cap mutual fund schemes: Best multi cap mutual funds to invest in 2020
    (If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
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    1 Comment on this Story

    Satya Ranjan244 days ago
    Good selection of funds. you need a multicap fund for your child's education, it's OK !
    Presently, you are investing in two mid cap funds. There is 16% Portfolio overlap between midcap funds. it's OK. But, suppose in future if fund manager changed the own stocks somewhere and portfolio overlap suppose raised, what will you do ? So, in place of one midcap, add a multicap fund. Now your portfolio as : 1.mirae Largecap 2.Parag parekh Lt equity 3.l&t midcap 4.invesco smallcap
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