Hello Sree,
Please advise me,
- ABSL top 100 has name changed to ABSL focused equity. It will invest only in 30 shares. = I have SIP of 3500/m, I have also seen that fund performance has gone down in last 1 year. Can you suggest continuation of SIP is not an issue.
- I have other investments in HDFC bal, Axis LTE, mirae asset emerging bluechip.
1 Answers
Dear Mukul,
The new investment objective of ABSL Focused Equity fund is 'An Open ended Large cap Equity Scheme investing
in maximum 30 stocks'. As you do not have a large cap oriented fund in your portfolio, you may continue with this fund. keep a track of its performance this year. Kindly note that HDFC Balanced fund has now been renamed as HDFC Hybrid Equity fund. Also, Mirae Emerging Bluechip will now be re-positioned from a pure Mid-cap fund to Large & Mid-cap fund. So, your portfolio may not have a pure Mid-cap fund. (I am assuming you are investing for your Long term financial goals..) Related Articles :
in maximum 30 stocks'. As you do not have a large cap oriented fund in your portfolio, you may continue with this fund. keep a track of its performance this year. Kindly note that HDFC Balanced fund has now been renamed as HDFC Hybrid Equity fund. Also, Mirae Emerging Bluechip will now be re-positioned from a pure Mid-cap fund to Large & Mid-cap fund. So, your portfolio may not have a pure Mid-cap fund. (I am assuming you are investing for your Long term financial goals..) Related Articles :
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