Agree with above thoughts but Prag parekh flexicap has exposure of foreign stocks too upto 25% which is an added flavour which is absent in Tax fund.
From index part perspective , overall my mutual funds portfolio, i have divided into 3 parts –
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Index category –
Where i have invested in UTI Nifty 50 index, UTI Nifty Next 50 and recently DSP Nifty midcap 150 quality 50 index. So top 100 companies through index funds and in next 150 through smart beta index fund as all are not good in midcap 150. -
In flexicap, i have simply gone with top AMCs
Parag parekh fkexicap due to its foreign stock exposure as i am.not doing any direct stock investment abroad. Then HDFC fkexicap, SBI focussed and Quant Active fund. -
In small cap category, as i want to take higher risk, i m into Quant small cap, Sbi small cap SIP as lumpsum not alllowed and Nippon small cap.
Currently my mutual fund portfolio is 20% in total and direct stocks 80%. I am fast increasing it into mutual funds with 50% in each ,as first target.
Large AUM has their own advantages too as NAV dosenot fall that drastically under redemption pressure.
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