July 25, 2023 4:40 pm
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Mutual Funds
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Hi,
I have two SIPs of rs 10000 each (one in my name and other in my wife's name). Both SIPs started on December,2021.
Axis BlueChip Fund - SIP - Rs10000
Axis Mid Cap fund - SIP - Rs10000
Both MFs are not performing well. Shall I continue my SIP as I started in dec 2021 only or shall I stop and investing in some other funds?
If you suggest to stop then which fund should I invest in same category of funds?
And where to invest the lumpsum amount which I will get from these funds? Do I need to invest it in any liquid fund and STP to any other equity fund? What is the best option I have.
Thanks in advance
2 Answers
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July 25, 2023 4:59 pm
Hello,
Firstly, kindly dont take decisions based on the short-term over/under performance of a mutual fund scheme.
Yes, some of the earlier popular Axis MF schemes are underperforming now.
Suggest you to consider switching to a large cap index fund instead of an actively managed Bluechip fund.
Ex : UTI Nifty index fund (or) Axis Nifty 50 index fund from the same fund house.
As of now, you may hold on to the other fund.
By the by, may I know your investment objective and time-frame? Have you linked these investments to any of your financial goals?
leosaurabhin Topic starter
July 25, 2023 5:17 pm Thanks as always Sreekanth for your valuable inputs. This investment is for my future only, so no particular time frame. So this will be my long time investments. I have other MFs also in my portfolio but I was confused about these Axis MF only. So if I stop Axis Bluechip fund then for lumpsum amount investing in some AXIS liquid and then STP to UTI Nifty index fund would be a right approach?
Regards,
Saurabh
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July 25, 2023 5:24 pm
Considering the peak levels of the Markets and (in case) you are planning to invest substantial lumpsum amount, can consider STP.
But, watchout for tax implications when you are redeeming the units from a Liquid fund to index fund.
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