Will these mutual funds help me to create Rs 3 crore?
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Last Updated: Apr 28, 2021, 03:16 PM IST
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Synopsis
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I am a moderate risk-taking investor with an investment horizon of 20 years. I am trying to create a corpus of Rs 3 Crore for my daughter s higher studies and marriage expenses.
Currently I am investing Rs 20,000 each month since the last three years in four mutual fund schemes.
Mirae India Equity Fund direct growth: Rs 3,000 (Topping in Large cap)
Can the Fresh Threat of COVID-19 Push Indian Equity Markets Down and Cause Wealth Erosion?
Feb 23, 2021
Despite witnessing some consolidation in the past few days, the Indian equity market continues to trade at all-time high levels. However, amidst the exuberance, there are reasons to be cautious about your investments.
Here is why.
Even after a year since COVID-19 began to spread India and the world continues to reel under the impact of the pandemic. Countries such as USA, Brazil along with many European countries have seen no respite in curbing the virus yet.
On the other hand, after reaching a peak of nearly 1 lakh new cases in the month of September, India witnessed a massive drop in cases in the subsequent months. But this success wave hasn t lasted long, on Sunday, India added 14,199 cases, making it the fifth consecutive daily jump.
The new scheme will undergo changes on the fund allocation across asset classes, an official statement said. Peeved at fund houses allocating a bulk of multicap fund investments in large cap stocks, capital markets regulator Securities and Exchange Board of India (Sebi) had in September asked fund houses to ensure at least 25 per cent of the assets under management are invested in small cap, mid cap and large cap stocks to ensure proper nomenclature. As per a September media report, Axis Multicap Fund would have had to increase its midcap exposure by 14.3 per cent and small cap exposure by 16.1 per cent to comply with the Sebi requirements.
Synopsis
Axis Mutual fund has renamed its multicap scheme as the Axis Flexicap Fund. This comes after Sebi put a strict mandate for multi cap funds to allocate at least 25% each in small and mid cap stocks.
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Axis Mutual fund has renamed its multicap scheme as the Axis Flexicap Fund. This comes after the Securities and Exchange Board of India put a strict mandate for multi cap funds to allocate at least 25% each in small and mid cap stocks. Later, in its circular dated November 6, 2020, Sebi had introduced a new category of equity oriented schemes - flexi cap funds.
Axis MF moves scheme to new category after Sebi s multicap funds mandate businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.