We compare the rolling returns of Nifty 50, Nifty Next 50, Nifty Midcap 150 and Nifty Smallcap 250. Returns for a financial instrument that fluctuates can be calculated in two ways: Point-to-point returns: The effective annual compounded growth rate (CAGR) is calculated between two dates. You can calculate CAGR for your mutual fund and compare…

A reader wishes to know if he can invest in the newly launched Edelweiss Multi Asset Allocation Fund as its taxation is lower than debt funds—a discussion. Edelweiss Multi Asset Allocation Fund is an open-ended scheme investing in Equity, Debt, Commodities and units of REITs & InvITs.  The typical asset allocation strategy is: 35-40% Equity Arbitrage. …

UTI S&P BSE Housing Index Fund is an open-ended scheme tracking S&P BSE Housing TR. The NFO period ends June 5th 2023. Does it make sense to invest in it? The S&P BSE Housing index chooses stocks from the  S&P BSE 250 LargeMidCap Index classified in housing-related industries. Constituents are weighted by float-adjusted market capitalization,…

This edition of the fund performance report looks at Tata Large & Mid Cap Fund. Although launched in March 1993 as Tata Equity Opportunities Fund, the fund currently only has an AUM of Rs. 3641 Crores. After the SEBI MF categorization rules kicked in, Tata AMC merged Tata Equity Opportunities Fund with Tata Dividend Yield…

Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund is an open-ended debt Index Fund investing in the constituents of CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index. The fund is classified as having “relatively high-interest rate risk and relatively low credit risk”. Let us consider the salient features of the fund….

HDFC Long Duration Debt Fund is an open-ended debt scheme investing in instruments such that the Macaulay Duration of the portfolio is greater than seven years. In other words, it is a fund that invests in fairly long-term bonds. Therefore only investors who can stay invested long-term should consider the fund. One reader asked if…

This edition of the fund performance report looks at the HDFC Children’s Gift Fund. Launched in Mar 2001, the fund has an AUM of over 6,000 Crores. In Oct 2017, HDFC MF merged HDFC Children’s Gift Fund Savings Plan into HDFC Children’s Gift Fund Investment Plan and then renamed the resulting fund as HDFC Children’s…

This edition of the fund performance report looks at the Mirae Asset Tax Saver Fund. Launched in Dec 2015, the fund has an AUM of more than 13,000 Crores. Disclaimer: Fund performance reports present return and risk analysis of a fund with representative benchmarks and not investment recommendations. It must be expressly understood that the data below…

In this edition of the debt fund profile, we look at ICICI Prudential Savings Fund. This is an open-ended Low Duration debt scheme investing in instruments such that the Macaulay duration of the Portfolio is between 6 months and 12 Months. The fund’s category, “Low Duration”, gives one the impression that it is suitable for…

Tata Nifty Midcap 150 Momentum 50 Index Fund is an open-ended scheme tracking NIFTY Midcap 150 Momentum 50 Index. The fund is currently in its NFO period (4th to 17th Oct 2022). In this article, we analyse the performance of the underlying index. The Nifty Midcap150 Momentum 50 Index tracks the performance of the top…

This edition of the fund performance report looks at the DSP Flexi Cap Fund (erstwhile DSP Equity Fund). Launched in April 1997, the fund has an AUM of 7,739 Crores. After the SEBI categorisation rules, it was first classified as a multi-cap fund in mid-2018 and then shifted to the flexicap category to align with…

SBI CRISIL IBX Gilt Index – June 2036 is an open-ended Target Maturity Index Fund investing in constituents of the CRISIL IBX Gilt Index – June 2036 Index. We discuss if this new fund offer is suitable for a long-term portfolio. 1 What are Target Maturity Debt Funds? These are open-ended funds investing in various bonds…

We profile debt mutual funds from time to time in our fund profile section. This time we consider SBI Magnum Ultra Short Duration Fund.  Launched in May 1999, the fund currently has an AUM of Rs. 12,513 Crores. What is an ultra-short duration fund? Ultra-short duration funds are defined as “investment in Debt & Money Market instruments…