SillyDonut

TCS

Best Direct Sips

One of my relatives wanted to invest in SiPs.

Asked my help coz am into direct stocks buying and USA market also. ( Made 10x in last 8y)

So, i checked his phone and got only Paytm and phonepe through which I could have subscribed sips.

But all of sudden I saw expenses like exit load and fund management 2% and 1% respectively.

So, i referred grow and alas! The same charge reduced to 0.XY % ( x and y = 0,1...9)

Then I researched little bit and got him these fund's.

5000 per month and 40% in large cap. ( Long term 15-20y plan)

He can have moderate risk.( Got 3 kids, planning for their 20s)

Please suggest if all these funds are fine or need to change something

15mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

FluffyCupcake

Amazon15mo

I can see you wanna spread the investments across caps. Why don’t you take advantage of automatic switchings by FlexiCaps? Entering Mid/Small at this point might not be the best choice.

Assuming your relative isn’t doing rebalancing & frothy small/mid caps at present.

SillyDonut

TCS15mo

But those kind of funds ain't available on grow.

I don't want him to use n no. Of apps... he isn't that finance literate

FluffyCupcake

Amazon15mo

All funds are available, I am using Groww and have those funds as part of my folio.

FloatingBagel

Decimal Technology15mo

I am new to the investing world and something is there in these modern day apps that my mind says don't invest via these apps. Instead signup into the separate fund managers website and then invest. Even though it is a hassle, I am leaning towards it.

Am I thinking wrong? Your comments?

CosmicNarwhal

Salesforce15mo

Yes, you are thinking wrong. Whatever direct mutual funds you end up buying from these apps, they remain a property of you even if you switch apps from say paytm money to groww to kuvera. They are held with CDSL instead of being held by these apps.
There's no real downside of using them, and upside of having holistic view of your portfolio at one glance.

FloatingBagel

Decimal Technology15mo

Yes I know that thing. It's just that I don't want to share my data with these new companies. Maybe I am thinking too much about it. Also app like groww create demate account without asking and now kuvera is with CRED means demate account will be necessary now😅

PerkyPenguin

Enphase Energy15mo

The fuck is about that dumb preamble in your post op

CosmicNarwhal

Salesforce15mo

OP wanted social validation on his stock selection skills and financial knowledge

PerkyPenguin

Enphase Energy15mo

Seriously, I cringed out so hard reading the garbage op has written

CosmicQuokka

Paralleldots15mo

I would've just kept parag parikh and nifty50. Consolidation is better in the long run.

Itna raita failane ki need nahi koi extra edge nahi milna. Each fund would have covered few sectors, itna sara overlap hoga at the nifty50 ka barabar return haat me aaega.

As you've traded individual stocks, should have noticed suppose out of 15-20 stocks held at a time half would perform more than nifty, few would be lagging, now if you hold 100 stocks even on the offshoot chance of few stocks being 2x-3x the net net in hand would be restricted due to smaller allocation.

JumpyMochi

Capgemini15mo

These two and the ICICI NASDAQ 100.

DerpyPotato

Stealth15mo

I would recommend infrastructure stocks , especially quant infrastructure fund

SillyDonut

TCS15mo

I saw quant giving good returns, have u invested in this?

DerpyPotato

Stealth15mo

Yes, it does give decent returns but the general election could make them swing.So invest at your own risk.

ZoomyBiscuit

Swym15mo

These are some of the good funds (aiming for high returns) to start in 2024. I created this list by referring to multiple good YouTubers who are well-versed in finance.

Large cap & Mid cap:

Motilal Oswal
Canara Robeco Emerging Equity
Kotak Equity opportunities
Mirae asset emerging bluechip

Mid cap

Nippon Growth fund
Multi cap
Nippon multi-cap fund

Small cap

Quant Small cap fund
Axis Small cap
Motilal Nifty Microcap 250 - Very high risk

Multi-cap / Flexi-cap

Quant Active Fund
Paragh parikh flexi cap fund

ELSS

Quant Tax Plan
SBI Long term equity fund
Parag Parikh Tax saver fund

SillyDonut

TCS15mo

Thanks a ton dear

PerkyMochi

Murugappa Group15mo

Check the overlap between these funds. If time horizon> 10 years, stick to mid and small caps only.

QuirkyPretzel

Accenture15mo

Add Parag Praikh

CosmicDumpling

Stealth15mo

You might want to consider MFs by Quant. Have one of the best returns in the last 5 years overall and can invest in multi asset MF to reduce risk.

JumpyNoodle

NatWest Group15mo

I want to invest in a MF where it invests in international stocks. Any recommendations on this ?

SillyDonut

TCS15mo

Already mentioned in pic attached above

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Personal Finance12mo

by CosmicHamsterOracle

50k SIP - Advice needed

Guys. 22 years old. Advice needed. 50k monthly SIP. Higher risk appetite. Any suggestions on a good mutual fund portfolio? (Please don't just say index funds)