Synopsis
If you have any mutual fund queries, message ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
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I am 30 years old. I am investing Rs 20,000 per month through SIP with an aim to create Rs 2 crore for my kid’s higher studies, and Rs 1 crore for marriage. I have been investing in the following mutual fund schemes for the last one year:
Axis Bluechip Fund: Rs 4,000 per month
Mirae Asset Emerging Bluechip Fund: Rs 4,000 per month
Invesco India Growth Opportunities Fund: Rs 4,000 per month
Parag Parikh Long Term Equity Fund: Rs 8,000 per month
Synopsis
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
Request your views on the following SIPs in mutual funds:
Mirae Asset Emerging Bluechip Fund: Rs 10,000
Parag Parikh Long Term Equity Fund: Rs 10,000
Axis Growth Opportunities Fund: Rs 6,000
Canara Robeco Bluechip Fund: Rs 5,000
Mirae Asset Midcap Fund: Rs 5,000
Canara Robeco Smallcap Fund: Rs 5,000
Mirae Asset Hybrid Fund: Rs 10,000
Motilal Nasdaq 100 FoF: Rs 8,000
The total SIP is Rs 59,000. I am a moderate risk taker. I have an investment horizon of 7-10 years plus. Request your valuable views on whether I should rebalance the SIPs? I am quite confused?
Synopsis
Parag Parikh Long Term Equity Fund has been recategorized as a flexi cap fund and the new name of the scheme is Parag Parikh Flexi Cap Fund.
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Parag Parikh Long Term Equity Fund has been recategorized as a flexi cap fund and the new name of the scheme is Parag Parikh Flexi Cap Fund. The scheme, as the new name suggests, would be a flexi cap fund that has the freedom to invest across large cap, mid cap, and small cap stocks. Complying with the Regulation and after all the necessary approvals the required changes will be effective in our flagship scheme. However, there is no change in our portfolio, investment process. We will continue to manage the money the way we have been managing. A flexicap strategy will allow the fund manager to invest wherever value and opportunities are available without restrictions, said Neil Parag Parikh, Chairman and CEO, PPFAS Mutual Fund.
Parikh Long Term Equity Fund is now Parag Parikh Flexi Cap Fund prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
Parag Parikh Long Term Equity Fund earns more fans in a tough year
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Synopsis
The fund was launched on 28-May-2013 and has delivered 18.59% returns since inception. The fund is likely to move to the flexi-cap category after Sebi tweaked the mandate for multi cap funds recently.
Agencies
Mutual fund investors cannot have enough of Parag Parikh Long Term Equity Fund. The flexi cap scheme (erstwhile multi cap scheme) that has build a solid reputation since its launch seven years ago, has earned more fans with its stellar performance in 2020, a challenging year for every fund house. Investors and advisors cannot stop raving about the straight-taking fund house, its disciplined approach to investing, transparency in communication.. Last but not least, the solid downside protection the scheme offers. The fund has outperformed its benchmark and category average in the last one, three, five and seven years.