This is the archive of all mutual funds reviews
A reader writes, “Sir, you have repeatedly pointed out that it is hard for most active funds to beat the index, and this applies not only to large cap funds but also to mid cap and even small cap funds (when benchmarked with a mid cap index). However, can I use a hybrid like an…
Continue reading →In this edition of the fund performance report, we review DSP Equity & Bond Fund. The fund was launched as DSP Merrill Lynch Balanced Fund in May 1999. Then, DSP BlackRock Balanced Fund in 2008, and DSP Equity and Bond Fund in 2018. The fund currently has an AUM of Rs. 6,837 Crores. Disclaimer: Fund performance reports…
Continue reading →In this edition of the fund performance report, we review HDFC Hybrid Equity Fund. In a baffling and messy response to the SEBI categorisation rules, HDFC decided to close both its balanced funds, HDFC Balanced and HDFC Prudence and merge them with unknown funds! From June 1st 2018, HDFC Balanced and its AUM merged with…
Continue reading →Edelweiss Gold and Silver ETF Fund of Fund is an open-ended scheme investing in Gold ETF and Silver ETF units. The fund is currently in its NFO period (Aug 24th to 7th Sep 2022). In this review, we discuss if it makes sense for investors to consider such a fund. The scheme presentation says the…
Continue reading →Axis Nifty 100 Index Fund is an open-ended index that aims to achieve a return close to Nifty 100 subject to tracking error. The Fund was launched in Oct 2019 and currently has an AUM of about 760 Crores. When the fund launched, we reviewed the underlying index in detail and mentioned that we needed…
Continue reading →A reader asks, “Sir, a friend recommended ICICI Prudential Short Term Fund is a suitable choice for my need which is three years away. The AMC website says the fund can be used for durations above six months. Can you please let me know if this is true and if I can proceed with the…
Continue reading →We review Nippon India Nifty Alpha Low Volatility 30 Index Fund, an open-ended scheme tracking the Nifty Alpha Low Volatility 30 Index. The NFO period is from 1st Aug to the 12th of Aug 2022. What is the Nifty Alpha Low-Volatility 30 Index? It is a 30-stock index selected from NIFTY 100 and NIFTY Midcap…
Continue reading →In this edition of the fund performance report, we review Edelweiss Large & Mid Cap Fund. The fund was launched in June 2007 by JP Morgan and was known as JPMorgan India Equity Fund. After Edelweiss acquired the fund house it became Edelweiss Equity Opportunities Fund and then Edelweiss Large & Mid Cap Fund to…
Continue reading →DSP Nifty Midcap 150 Quality 50 Index Fund is a new offering from DSP tracking the Nifty Midcap 150 Quality 50 Index The NFO period ends July 29th 2022. Should investors consider this? A discussion. DSP already has an ETF based on this index launched in Dec 2021 with an AUM of 52 Crores. Regular…
Continue reading →In this edition of the fund performance report, we look at SBI Equity Hybrid Fund. Launched in Dec 1995, the scheme has assets worth Rs. 50,266 Crores which is the largest among actively managed equity funds. Only SBI LIquid Fund, HDFC Liquid, SBI ETF Nifty and SBI ETF Sensex have higher AUMs as of May…
Continue reading →While preparing this month’s equity mutual fund screener, something caught our eye. ICICI Prudential Equity & Debt Fund gained 19.8% over the last year (trailing 1Y return) compared to only a 6.2% gain by Nifty 100 TRI (as of 3rd June 2022). So we dig deeper and find out how consistently the Fund has performed…
Continue reading →In this edition of the fund profile, we take a look at the Kotak Short Term Bond Fund. We evaluate its portfolio history and discuss when it can be used. According to SEBI, a Short Duration Fund is a fund that invests in debt & money market instruments with Macaulay duration of the portfolio between…
Continue reading →In this edition of the “fund performance report”, we look at Canara Robeco Flexi Cap Fund. Launched in Sep 2003, the fund has an AUM of about Rs. 7,256 Crores. We shall compare the reward and risk performance consistency of the fund with respect to Nifty 500 TRI and Nifty LargeMidcap 250 TRI. The fund…
Continue reading →