Top 15 Best Mutual Funds 2021 & beyond | Top Performing Equity Funds

The year 2020 has been an year of ups and downs for Indian equity markets, much like a roller coaster.  After a catastrophic drop in March 2020 (due to the covid-19 pandemic), the Indian markets have recovered swiftly and are now trading at their life-time highs.

Sensex index jan 2020 to jan 2021 chart all time high latest pic
Sensex graph Jan 2020 to Jan 2021

The last calendar year has been a real-test of character for the so-called long-term and aggressive investors. Many of you might have actually redeemed your equity mutual fund units during Mar to Apr 2020 after a jaw-dropping fall loses (or) atleast would have given it a serious thought to redeem some of your MF units. Am I right??

If you have been investing for a long-term, these kind of market falls can actually be a great chance to make additional investments. You need to have conviction in your investment strategy.

A mere of selection of Best Equity Mutual funds is not enough, you got to stay invested and continue investing in them as per your investment objective. Hence, it is prudent to follow a goal-based approach rather than timing the market and with a proper Asset Allocation.

In this post, let us discuss – What are the Top 15 Best Mutual Funds 2021-22? How to select top & consistent Equity Mutual Fund performers? What are the best large-cap, flexi-cap, mid-cap, tax saving ELSS and Equity Hybrid funds to invest now?…

Top 15 Best Mutual Funds 2021 & beyond

As per my analysis, below is the list of best Equity Mutual Funds to invest in India (now in 2021);

  • UTI Nifty Index Fund (Large-cap)
  • Axis Bluechip Fund (Large-cap)
  • ICICI Prudential Bluechip Fund (Large-cap)
  • Parag Parikh Flexi-cap Fund (Diversified)
  • UTI Flexi Cup Fund (Diversified)
  • Axis Mid-cap Fund (Mid-cap)
  • DSP Mid-cap Fund (Mid-cap)
  • SBI Small-Cap Fund (Small-cap)
  • Axis Long Term Equity Fund (ELSS – Tax Saving)
  • Invesco India Tax Plan (ELSS – Tax Saving)
  • Canara Robeco Equity Tax Saver (ELSS – Tax Saving)
  • HDFC Hybrid Equity Fund
  • ICICI Pru Equity & Debt Fund
  • Canara Robeco Equity Hybrid Fund
  • SBI Equity Hybrid Fund
Top Performing Best Mutual Funds 2021 Best SIP Equity Funds to invest now Large mid small flexi cap elss hybrid funds
Best Equity Mutual Funds Schemes to invest in 2021 & beyond!

I have considered both, the past performance and risk ratios of mutual funds to shortlist top rated Equity mutual fund schemes.

Below image gives you an idea on the parameters (to know, how consistent the funds have been..?) that one can consider while shortlisting right mutual fund schemes.

How to select the right best mutual fund scheme comparison of mutual funds with risk ratios standard deviation alpha beta pic
How to pick right & best equity mutual fund scheme based on Risk ratios?

Let’s now analyse category-wise best equity funds;

Best Large Cap Mutual Funds 2021-22

Below are the consistent and top performing large cap funds that can be considered to invest now;

  • UTI Nifty Index Fund
  • Axis Bluechip Fund
  • ICICI Pru Bluechip Fund
Best Large cap equity mutual funds index funds 2021 2022
  • The above funds were listed even in my last year review as well.
  • Most of the large-cap funds have not out-performed their benchmark indices in the few years (after the implementation of SEBI’s re-categorization rules).
  • If you are planning to invest afresh, it is prudent to go for large-cap based index funds than actively managed large-cap Funds.
  • Considering the past performance, risk-return trade off and cost, advisable to stick / switch to any large-cap based index fund.

Best Flexi-Cap Mutual Funds 2021-22

As per the old guidelines, a Multi-cap Mutual fund scheme or Diversified Equity Scheme can invest a minimum of 65% of total assets across large, mid and small cap stocks. At present, fund managers of multi cap funds can invest across market capitalization as per their choice.

However, SEBI, in a recent circular, has tweaked the Asset allocation rules for multi cap mutual funds. The fund managers have to mandatorily allocate at least 25% each in large-, mid-, small-cap stocks. These new norms have taken away the flexibility.

Hence, I believe, flexi-cap (new category) can be a better alternative to multi-cap oriented funds. Flexi Cap funds can invest minimum 65% of its assets in equity and equity related instruments with dynamic allocation across large cap, mid cap, and small cap stocks.

You may consider below Flexi-cap funds for your long term financial goals. In case, you have a large-cap fund and also a mid-cap based fund in your portfolio, can give this category a miss.

Top Best Flexi cap equity mutual funds 2021 parag parik uti
  • Parag Parikh Long Term Equity Fund is renamed as Parag Parikh Flexi Cap Fund.
    • It has 65.74% investment in Indian stocks of which 29.05% is in large cap stocks, 11.69% is in mid cap stocks, 21.92% in small cap stocks. Foreign Equity Holdings are around 28%.
    • It has a very good downside protection ratio.
    • The Financial Services, Technology & Consumer cyclical related stocks have been its favorite picks.
  • UTI Equity Fund is one of the oldest funds in Indian Mutual Fund industry. I have been keenly following UTI Equity fund from a long time. In fact, this fund was in my best multi-cap fund list earlier.
    • It has now been moved from muti-cap category to flexi-cap category.
    • The fund has given returns of around 14% pa in the last 15 years.
    • The Financial Services, Consumer cyclical & Technology related stocks have been its favorite picks.

Best Equity Mid-cap Mutual Funds to invest in 2021

Below are the top performing equity mid-cap & small-cap oriented funds;

  • Axis Mid-cap Fund
  • DSP Mid-cap Fund
  • SBI Small-cap Fund
Best equity mid cap oriented schemes for long term investment small cap  2021-22
  • The average category returns from mid-cap oriented funds have been around 14% in the last 10 years. We currently have around 27 mid-cap funds.
  • The key parameter to look in mid-cap funds is their standard deviation (volatility). The above funds have given good performance with lower risk.
  • In this year’s list, I have replaced Franklin Prima Fund with DSP Mid-cap fund. In case, you are investing in Franklin fund, can continue with your investments.
  • Axis Mid-cap fund has a current allocation of 12.18% in large cap stocks, 66.29% in mid cap stocks & 8.11% in small cap stocks.
  • DSP Mid-cap fund has good upside and downside capture ratios.
  • You may keep an eye on Invesco Mid-cap fund as well.

Best ELSS Tax Saving mutual Funds 2021

We currently have around 38 funds under the ELSS Fund category. The average returns from ELSS fund category are around 13.5% and 12% in the last 5 and 10 years respectively.

In my opinion, below are the consistent and best ELSS Mutual Funds to invest for tax saving and long term wealth creation;

  • Axis Long Term Equity Fund
  • Invesco India Tax Plan
  • Canara Robeco Equity Tax Saver
Best ELSS Tax saving mutual fund schemes section 80c tax deduction  2021 2022

Related comprehensive article : Top 5 Best Tax Saving ELSS Mutual Funds 2021-22

Best Equity Hybrid Funds 2021-22

Below are the best aggressive Equity Hybrid (Balanced) Funds ;

  • HDFC Hybrid Equity Fund
  • ICICI Prudential Equity & Debt Fund
  • Canara Robeco Equity Hybrid Fund
  • SBI Equity Hybrid Fund
Best Equity Hybrid Aggressive mutual funds in India 2021 2022
  • There are currently around 45 equity hybrid funds. The average returns generated under this category have been around 14% in the last 7 years.
  • The risk grade has improved for funds of Canara and SBI, whereas, it has slightly deteriorated for HDFC Hybrid Equity and ICICI Pru funds.
  • HDFC Hybrid Equity Fund has 75.08% investment in Indian stocks of which 54.02% is in large cap stocks, 4.26% is in mid cap stocks, 8.8% in small cap stocks. It has 22.12% investment in Debt of which 6.33% in Government securities, 15.25% in funds invested in very low risk securities.
  • The ICICI Pru fund has 76.55% investment in Indian stocks of which 61.48% is in large cap stocks, 7.52% is in mid cap stocks, 6.3% in small cap stocks. It also has 17.93% investment in Debt of which 0.15% in Government securities, 17.03% in funds invested in very low risk securities.
  • The Canara Robeco Fund has 73.71% investment in stocks of which 49.4% is in large cap stocks, 12.42% is in mid cap stocks, 2.82% in small cap stocks. It has 15.26% investment in Debt of which 3.56% in Government securities, 11.7% in funds invested in very low risk securities.
  • SBI Equity Hybrid Fund has 73.66% investment in Indian stocks of which 49.38% is in large cap stocks, 10.89% is in mid cap stocks, 3.56% in small cap stocks. The Fund has 18.77% investment in Debt of which 9.97% in Government securities, 8.13% in funds invested in very low risk securities.
  • You may track Mirae Asset Hybrid Equity Fund as well.

My Latest Equity Mutual Fund Portfolio details

Below are the changes made to my Equity Mutual Fund Portfolio;

  • We (my spouse & myself) have decided to opt for ‘new tax regime‘, hence ready to forgo Section 80c tax deductions. So, I have decided to discontinue my future investments in Axis LTE ELSS Tax Saving Fund (will hold on to the existing units though).
  • I have recently redeemed my investments in Franklin Smaller Companies fund.
  • I have added one more Equity Hybrid Fund to my MF portfolio – SBI Equity Hybrid Fund.
  • So, I have been actively making investments in three Equity Mutual fund schemes for now;
    • HDFC Hybrid Equity Fund
    • UTI Nifty Next 50 Index Fund &
    • SBI Hybrid Equity Fund
My latest mutual fund portfolio MF picks 2020 Equity Mutual funds for my financial goals
My latest Equity Mutual Fund Portfolio

Mutual Fund Capital Gain Tax Rates for FY 2020-21 / AY 2021-22

One of the important amendments of the Financial Bill 2020-21 is ‘abolition of Dividend Distribution Tax’ in companies hands. As DDT will not be paid by the companies, dividend income (from April 2020) is taxed and paid by investor, at applicable individual tax slab rates.

Capital Gains Tax Rates on Mutual Fund Investments of a Resident Indian for FY 2020-21 are as below;

  • The STCG (Short Term Capital Gains) tax rate on equity funds is 15%.
  • The STCG tax rate on Non-Equity funds (or) Debt funds is as per the investor’s income tax slab rate.
  • The LTCG (Long Term Capital Gains) tax rate on equity funds is 10% on LTCG exceeding Rs 1 Lakh.
  • The LTCG tax rate on non-equity funds is 20% (with Indexation benefit)
Mutual Fund Taxation rules - Resident Indian FY 2020-21
Mutual Fund Taxation rules – Resident Indian – FY 2020-21

Capital Gains Tax Rates on NRI Mutual Fund Investments for the Financial Year 2020-21 (Assessment Year 2021-22) are as below;

Capital Gains Tax Rate on Sale of Mutual Fund units by NRI FY 2020-21 AY 2021-22
Mutual Fund Capital Gain Tax Rates for NRIs FY 2020-21 / AY 2021-22

Related comprehensive article on MF Taxation Rules : Mutual Funds Taxation Rules FY 2020-21 (AY 2021-22) | Capital Gains Tax Rates Chart

Some Important Points to ponder about Mutual Fund Investments :

  • Identify your Goals : Majority of us identify the products first and then try to shortlist best investment avenues. An investor has to first identify his/her financial goals and then try to short-list best available options. This is applicable for mutual fund investments also.
  • Set you Asset Allocation : Asset allocation is an exercise to invest across various avenues such as time-deposits, bonds, equities, gold etc., Set your allocation based on your investment objective, time-horizon and risk tolerance. For example : If your investment horizon is say 10+ years, objective is to wealth accumulation, you can consider an asset allocation of Equity to Debt as 60:40. Besides investing in Equity oriented products, it is equally important to invest in debt-oriented products (like PPF, EPF, VPF, Debt Funds etc.,) as well.
  • Is it good to invest in multiple Schemes from same Fund category? – Kindly do not invest in too many funds especially within the same fund category. Over-diversification is not beneficial and may lead to high portfolio overlap.
  • Consistency is the key parameter : A ‘good mutual fund scheme’ is the one that consistently manages to outperform its category returns and also it’s Benchmark’s. It is prudent to be with the consistent performers for long-term goals instead of churning your portfolio based on Star ratings or recent performances of the funds.
    • If you observe, the recent stellar performances have come from equity funds managed by the fund houses like Axis, Canara, DSP, UTI…The funds managed by HDFC, Franklin & Birla have taken a back seat. But, do not churn your portfolio based on recent performances alone. Look for consistency of returns and then take decision!
  • I am 60 years old, can I invest in Equity Funds? – Invest in Equity funds based on your future goals & financial resources and not based on your current age. For example – If you are a retiree (say 65 years) and have regular income which is more than your monthly living expenses, you can surely invest a portion of your surplus income in hybrid or equity oriented mutual funds.
  • Importance of Portfolio Performance – If one of the schemes in your MF portfolio is not performing well, do not immediately churn your portfolio. Also, do not churn your portfolio very often based on fund star ratings. The negative consequences of regularly churning the portfolio are undeniable. Do track that scheme’s performance for sometime (say 1 or 2 years) before deciding to drop it from your portfolio. Sometimes, it is prudent to analyze the overall portfolio performance than to get too worried about individual fund’s performance. Also, have realistic return expectation from your investments.
  • Shall I invest in Focused/Value oriented MF Schemes? – If you have created a core portfolio with say a Large cap fund / Index Fund, mid-cap fund (or index based funds) & Hybrid fund, you may invest a portion of your investible surplus in focused, value oriented, Funds of funds or Theme based funds. Ex : Parag Parikh Long Term Value Fund, Axis Focused 25 Fund etc.,
  • Shall I pick Index Funds? – If you are not comfortable investing in actively managed Funds, you can consider investing in Index based Funds.  Ex : UTI Nifty 50 Fund (Large-cap), UTI Next Nifty 50 Index Fund (Large + Midcap) etc., It makes sense, to add one Hybrid Equity Fund to your Index based portfolio, to manage the volatility.
  • SIP or Lump sum? – Systematic Investment Plan (SIP) inculcates financial discipline. However, it is not a fair comparison to equate SIPs with investing in a lump sum. Both have their own pros and cons. It is better to have SIPs in place and at the same time, you can make additional investments (lump sum) when you believe that markets are down.
  • Suggest you not to remain invested in equity oriented funds till the goal target year. You may consider redeeming MF units by starting SWP (Systematic Withdrawal Plan)may be 2 to 3 years before the goal year. You can re-invest this amount in safe investment avenues. You may also re-balance your portfolio based on your Asset-allocation strategy (Equity : Debt allocation).
  • DIY / Advisor – If you are a DIY investor, pick Growth and Direct plans. In case, you are not comfortable investing in Mutual funds on your own or do not have the required time, do engage with a fee-only Financial planner.

Continue reading :

  1. What are Mutual Fund Upside / Downside Capture Ratios? | How to use them in MF Performance Analysis?
  2. What is Indexation of Mutual Funds and why is it important for you?
  3. List of all Popular Investment Options in India – Features & Snapshot
  4. When should you sell your Mutual Fund Schemes? | When to exit a Mutual Fund?
  5. Mutual Fund Units Transmission procedure | How to get Mutual Fund units transferred upon death of a Unitholder?

Kindly note that the above list of top & best mutual funds 2021 is not an exhaustive one. Mutual funds’ returns are not guaranteed, their values/returns change frequently and past performance may not be repeated. MFs are subject to various market risks.

(Data Source & references : Valueresearchonline, Moneycontrol, Morningstar, Freefincal & The Economictimes) (Post first published on : 21-January-2021)

About The Author

  • Sneha says:

    Dear Srikanth,

    I have ongoing SIP’s in the following funds. My investment objective is retirement and timeframe is 12 years. Could you please review and advise if these are still good to continue SIP’s in?

    1.Aditya Birla Sun life Tax Relief ’96 Fund – for 80c tax benefits
    2.HDFC Hybrid Equity Fund
    3.Axis mid cap Fund
    4.SBI Large cap Fund

    Your advise is greatly appreciated. Thank you.

  • Harinath says:

    Hi Srikanth,
    I have one flat. Loan is closed. Also I have some investments in Mutual funds. Please advise on investing in second flat for investment purpose. For this I have to redeem part of mutual funds.
    I have covered all basics. I am following your blog last 5 to 6 years. Please advise.

    Thanks,
    Harinath

  • RAJ says:

    Dear Sreekanth,
    of late, falling interest rates make me think about my RDs. I was investing 3000 per month in RDs. I want to invest same 3000 in mutual funds for wealth accumulation. my investment horizon is 15 years. Kindly advice me regarding funds to go about.

  • Nimit says:

    Hi Srikanth,
    Me and spouse doing SIP in below MF’s:-

    – ICICI Bluechip fund
    – HDFC Mid cap opportunities
    – Mirae Asset Bluechip Long term
    – Kotak Flexibcap
    – Motilal N 100 FOF
    – Kotak Gold Fund

    Now,would like to add new SIP worth of 5k. Can you suggest some small/mid cap scheme. Looking for 7-10 years horizon

  • Harinath B says:

    Dear Srikanth,

    I have few investments in L&T mid cap fund, DSP small cap fund. At present they delivered good returns compare to last year. Shall I redeem & keep in FD. So that I can make investments after few months or I will wait for small corrections to invest into a better performing funds.
    Please suggest a better strategy.

    Thanks,
    Harinath

  • JJ says:

    Hi Sir,
    How would you rate Quant Active -G-Dir
    for flexi cap fund ?

    Thanks
    JJ

  • Harinath says:

    Hi Srikanth,
    I am having investment in Mirae asset large cap fund. Do you want me shift in staggered manner to UTI index fund.
    Please suggest.

  • Nitin says:

    Hello Sreekanth Ji,

    I am aware of Arbitrage fund as I do follow all your articles.

    Just wanted some better returns than falling interest rate of bank FDs & RDs and after 3 yrs of time frame repay Home Loan, so suggested above Short-Term MF

    1) Axis Short Term Dir Growth
    2) ICICI Pru Short Term Dir Growth

    as Arbitrage fund also give returns of approx. 6% for 3yrs

    I am expecting 8% return for 3 yrs with less volatile, are above Short-Term Debt MF option good, I am still in 20% Income Tax bracket.

    • Sreekanth Reddy says:

      Dear Nitin,
      If you are ok with taking risk (associated with debt funds), you may kindly go ahead with the above mentioned ones.

      Kindly note that – A falling interest rate regime results in a lower return from short-term debt funds. However, long-term debt funds perform well in a falling interest rate regime.

      We may be at the lower end of rate cycle as of now..

  • Roy says:

    Hello Sreekanth,

    Good afternoon!

    How would you rate IIFL Bonds (annual rate of return 10 %) .

    Objective is safety of capital .Can hold for 5-6 yrs.Is it advisable to look at it as a alternative to FD.

    Thank you,
    Roy

    • Sreekanth Reddy says:

      Dear Roy,
      We are currently in a ‘low interest rate’ scenario.
      Given this, a 10% return comes with certain risk, is n’t it?

      If your objective is ‘safety of capital’, you may kindly avoid this NCD series!

  • Nitin says:

    Hello Sreekanth,

    Thank you for sharing valuable information related to Mutual Fund.

    Just had small doubt, in falling interest rate of Banks Fixed Deposit & Recurring Deposit can Gilt fund like Axis Gilt Fund be alternative to invest for 3 plus years. Planning to repay Home Loan using that lumpsum amount after 3 plus years

    Thank You and appreciate your time and effort for sharing information.

    • Nitin says:

      Sreekanth Ji,

      Also if you think Short-Term Mutual Funds can be alternative for 3 years of time duration (Gilt fund), could you please suggest any one Short-Term MF from bellow ones:

      1) Axis Short Term Dir Growth
      2) ICICI Pru Short Term Dir Growth

      Thank You

      • Sreekanth Reddy says:

        Dear Nitin,
        Kindly note that Gilts can be highly volatile as they are sensitive to the interest rate movement. Are you ready to take this risk?

        The returns on gilt funds rise when interest rates are falling and vice-versa.

        The interest rate cycle can be at its bottom end. So, if rates start to raise then the returns from Gilt funds can be not so great.

        Are you aware of Arbitrage funds?

        • Nitin says:

          Thank you for replying Sreekanth Ji

          Yes, I am aware of Arbitrage fund as I do follow all your articles.

          Just wanted some better returns than falling interest rate of bank FDs & RDs and after 3 yrs of time frame repay Home Loan, so suggested above Short-Term MF

          1) Axis Short Term Dir Growth
          2) ICICI Pru Short Term Dir Growth

          as Arbitrage fund also give returns of approx. 6% for 3yrs

          I am expecting 8% return for 3 yrs with less volatile, are above Short-Term Debt MF option good, I am still in 20% Income Tax bracket.

  • suresh kumar says:

    Hi Sreekanth

    What are annuity plans. Is it good to invest in those for my uncle who is 59 years age for his post retirement life. How annuity plans are different with fixed deposits.

    Thanks in advance.

  • Ansh Mittal says:

    Hi Sreekanth,

    I recently redeemed some of my mutual funds,I was investing in below funds:

    Sbi bluechip
    DSP BlackRock
    ICICI prudential

    I currently have 7-8 lakhs which I got from redemption of mutual funds and some other sources.How should I invest them, I need it to be for long term and goal is general for wealth building

  • Sneha says:

    Hi Srikanth,

    I have ongoing SIP’s in the following funds since 2018. Could you please review if these are still good to continue SIP’s in?

    1.Aditya Birla Sun life Tax Relief ’96 Fund
    2.HDFC Hybrid Equity Fund
    3.Franklin smaller companies Fund
    4.SBI Large cap Fund

    I see that Aditya Birla Sun life Tax Relief ’96 Fund and HDFC Hybrid Equity Fund are still in your list. What about Franklin smaller companies Fund and SBI Large cap Fund? Should i stop future sip’s in these two funds and redeem and invest in the new funds from your list? I also had plan to increase my SIP in Franklin smaller companies Fund this year. Kindly advise.

    • Sreekanth Reddy says:

      Dear Sneha,
      May I know your investment objective and time-frame??

      • Sneha says:

        Hi Sreekanth,
        Investment objective is retirement and timeframe is 12 years.

        • Sreekanth Reddy says:

          Dear Sneha,
          You may continue with 2 & 4 funds.
          If you are going to opt for old tax regime, can continue with Birla ELSS fund as well.

          You may discontinue your investment in Franklin fund and re-allocate the same among your other existing funds.

  • Karthick says:

    Dear Sreekanth,

    Two questions:

    1. I have cash of about 50 lakhs that I am holding in bank accounts with the intent that I may need it for a business venture. But I don’t want it sitting in there indefinitely. I am thinking of investing them into Hybrid and Index funds. May be about 50% in Hybrid and 50% in Index. I may need to draw them out within 1 year or may stay in there for 5 years. Not sure. I am open to a high risk. What do you suggest.

    2. Have you explored Crypto currency? I have been following you for the last 5 years but don’t think I have seen an article on this. Thoughts?

    • Sreekanth Reddy says:

      Dear Karthick,
      1 – You say – open to high risk? Are you ready to take say a 30% cut in your capital (investment) if market falls in next one year?
      How dependent are you on this corpus for your business plan?
      2 – No.

      • Karthick says:

        Yes. I can take 30%. I am not dependent on this fund for my first store. And when I accumulate enough then this will be used for the second store. Or I will make alternate arrangements from other sources and let this stay.

        Is Crypto currency worth investing in?

  • Rahul says:

    1. What shall we do with existing funds where SIP going on? Exit from it and start SIP in above 15 funds?
    2. Mirae Asset blue chip fund not part of above lot? Not good enough?
    3. How about kotak small cap fund?

    • Sreekanth Reddy says:

      Dear Rahul,
      Kindly share your invested scheme names??

      • Rahul says:

        i have invested in below schemes..
        1. Axis Bluechip
        2. Axis Focus25
        3. Axis Mid-cap
        4. Axis Dynamic Bond (for Switch and STP)
        5. Axis Short Term (for STP)
        6. DSP Mid-Cap
        7. DSP Small Cap
        8. DSP Healthcare
        9. Kotak Emerging Equity
        10. Kotak Small Cap
        11. Mirae Asset Emerging Bluechip
        12. Motilal Oswal Nasdaq 100 FoF
        13. Motilal Oswal Multi Cap
        14. PGIM India Global Equity Opp
        15. PGIM Ultra Short (For Switch and STP)
        16. Parag Parikh Flexi Cap

        • Sreekanth Reddy says:

          Dear Rahul,

          Any specific reason or strategy for picking so many MF schemes?

          • Rahul says:

            :), thats the very reason i ask the question, what to do with existing invested MF? I end up picking up various funds as per suggestions given each year…but the old ones continues as it is. Do I need to clean up and start afresh with the funds suggested by you?

          • Sreekanth Reddy says:

            Dear Rahul,
            Based on my suggestions alone? or various available sources?

            I generally advise what to do with the funds that have been replaced.

            All most all of the above mentioned equity funds are decent ones. If you are comfortable investing in multiple funds and believe in your conviction then you may kindly continue with your investments!

          • Rahul says:

            Thanks Sreekant. I picked up these funds as per advices from multiple sources. But noted that funds from your side are worth going for.
            List is getting too big now, so looking to trim down. Probably I need to decide on exit /switching plan considering the exit load and market situation.
            Thanks again

          • Sreekanth Reddy says:

            Suggested related article : MF Portfolio overlap analyzer

          • Rahul says:

            That’s very useful Sreekant, thanks a ton.
            I have one more doubt. Is there any connection between portfolio size and number of funds? Eg for corpus size of 20 lakhs, 4-5 funds are ok. Where as for corpus of 2 crore, we can have 8-10 funds..
            At time, we are bit afraid to put too much money is one fund, so end up choosing another fund of same class from other fund house.

          • Sreekanth Reddy says:

            Dear Rahul,
            It is very subjective.
            Rs 25 lakh portfolio size can be huge for me and may not be the same with someone else.

          • Rahul says:

            Right.
            Does huge size warrants more funds OR irrespective of size we shall stick with 5-6 funds ?

          • Sreekanth Reddy says:

            Dear Rahul,
            You may stick to minimalist approach..

  • Amit says:

    Hi Sreekanth,
    Thx for sharing the list !!!!
    Whats ur views on Kotak Standard Multi cap fund and Motilal N 100 fund?

    • Sreekanth Reddy says:

      Dear Amit,
      Kotak fund is a good one, but as I mentioned in the above article, multi-caps are not a great choice anymore.

      Are you referring to Motilal Nasdaq 100 ETF?

      • Amit says:

        Yes, I mean Motilal Nasdaq 100 FOF

        • Sreekanth Reddy says:

          Dear Amit,
          Can you share your existing MF Scheme list here?
          Is Motilal Nasdaq 100 FOF part of your core portfolio?

          • Amit says:

            Sure Sreekanth !!
            In fact,i m doing SIP based on your past suggestions. Below r list of MF’s :-
            – ICICI Bluechip fund
            – ICICI Long term equity (ELSS)
            – HDFC Mid cap opportunities
            – Mirae Asset Bluechip Long term
            – Kotak Standard Multi cap
            – Motilal N 100 FOF (recently started)
            – Kotak Gold Fund( based on ur recent suggestion)

          • Sreekanth Reddy says:

            Dear Amit,
            ICICI Bluechip and Mirae Asset Emer Bluechip funds portfolios overlap by around 45%. So, re-think if you would like to continue holding two large cap based funds?

            Related article : MF Portfolio overlap analyzer

            You may continue with your investments.

          • Amit says:

            Thx Sreekanth !!
            I m also thinking to start new SIP in Parag Parikh Long Term Equity.
            Can I do so?

          • Sreekanth Reddy says:

            Dear Amit.. And the reason is??

          • Amit says:

            Hi Sreekanth,
            Bcz of 2 main reasons :-
            1. One of my SIP is going to complete in coming March,so thinking to start a fresh 1.
            2. Based on its past performance. I know past performance doesn’t guarantee future performance !!

            Else I will use dat money in existing one (ICICI Blue chip)

          • Sreekanth Reddy says:

            Dear Amit,
            May I know which one (SIP) is going to complete?

          • Amit says:

            It’s ICICI Long term equity (ELSS)

          • Sreekanth Reddy says:

            Dear Amit,
            In case, you are opting for new tax regime, can certainly discontinue your future investments in ICICI LTE .

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