The fund has delivered a consistent return of 3-5 years avg return at 23+%. If you're looking for long term it's one of the best fund to stay invested.
However since it's a small cap category, there will be sharp correction in the fund value during market correction.
There is option called Direct mutual fund category which Is available all brokers zerodha , groww etc. In this case you will be directly investing in the fund and there won't be any commission charged from the broker end for this.
I have been investing in Direct MF with zerodha c...
Vivek do understand all equity investment carry market risk. Incase of ELSS they have a lockin period of 3 years and you can't take the money out of the fund during the lockin time.
I mean, if you make a sip of 3000 in quant ELSS today, you can take out the money after 3 years on...
You can open a demat account for your kid which is minor demat account and it would be created as a joint account with either of the parent (father/mother) or guardian.
To complete the account opening you would have to submit Aadhar and pancard of your kid along with yours. If yo...
@vivekkumar9792 If you're beginner try to invest in Nifty 50 Etf or MF . you can keep invested for 30 yrs and can get 12-15% avg returns if you stay invested for long time.
If any of your fund isn't performing well for 1-2 yrs, you can try to book the loss and redeploy the capital in other funds.
Also there is no harm in trying to book partial profit/ loss from your funds on a yearly basis. But pls avoid it doing often, it can affect your perform...
In general pls avoid investing in NFO since it will take atleast few month / a year to determine the fund performance parameters which are newly launched
If you're interested to invest in Multicap fund check some of the existing fund which has given good return in the last 3-5yr...
you have a well diversified MF portfolio with Nifty 50 , Bluechip and Multicap funds. If you're planning to hold the small cap they will give some extra alpha / return compared to other funds in the mid / long term (3-10yrs). During market correction you can expect more volat...
You can look to invest in Nifty 50 INDEX fund / ETF or you can try Flexicap fund category which provides you with enough diversification across market caps ( Large cap, Midcap and Small cap).
As per SEBI rules a minor require a guardian ( Your father/ Mother ) to open and operate a demat account. You can try to visit any nearest brokerage around your place and they can explain you the process for opening the demat account.
It would be best to invest with a broker rather directly with mutual fund.
In the app you will be able to invest in funds which are called Direct mutual fund which has lower management value than the regular Mutual fund category which has higher fee.
When you opt for a Regular mutual fund the higher expense ratio is paid for getting the advise from a broker or MF advisor. It's more like you're paying a commission for their expertise and assistance to invest in the right MF which suites your goal.
If you're looking to keep invested for long term opt for a growth based Mutual fund which will increase your investment value and these fund will have high NAV value.
Incase you require regular income, opt for dividend mutual fund which will pay the profits as regular dividend a...
FrontPage is India's favorite stock discussions community
Join 10 lakh Indian traders and discuss trades, strategies, news & views on any stock.