@Mudit.Kushalvardhan I could have gone with the midcap 150 index fund but I am trying to do active investing in small and mid cap.
Amount that I transferred from midcap quality 50 to parag parikh tax saver was not huge and hence did not think much about changing the cap.
Reasons:
- Midcap and small cap active funds are getting a lot of money and they are finding hard to beat benchmark. There is no midcap and small cap active fund with lock in like 3 years in case of tax saver to dissuade the investors to invest in them. This has lead to a lot of increase in their AUM. In active fund I like low AUM and low beta funds.
- I am able to beat the benchmark in small and mid cap currently though as we are in bull market, I might overestimate my ability but let us see how it goes. I have mostly small and mid cap in my indian direct stock portfolio.
- Midcap 150 index is not a low beta fund and hence did not went for it. I prefer low volatility(low beta)
Though as low volatility is the one major thing stopping me to invest in midcap 150 index, hence things might change and I could also start investing in it in future.
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