Top 10 mutual funds for sip to invest in 2023

Parag Parikh Flexi Cap Fund Factsheet (May 2023): Parag Parikh Mutual Fund has released its factsheet for the month of May. The following are some important details of the Parag Parikh Flexi Cap Fund (PPFCF) that you should know, as per the information shared in the factsheet. What is Parag Parikh Flexi Cap Fund (PPFCF)? Parag Parikh Flexi Cap Fund is an open-ended equity-oriented scheme with the flexibility to invest a minimum of 65% in Indian equities and up to 35% in overseas equity security and domestic debt/money market securities. Best Flexi Cap funds in one year: Top 10 schemes with 18% to 24% SIP returns (June 2023) The total Asset Under Management of PPFCM is Rs 35,964.51 crore as on May 31. In April, the fund’s AUM was Rs 33,615.95 crore till April 28. The fund has about 16.39% in cash holdings, debt and money market instruments and arbitrage positions, which can be deployed in long-term investments at appropriate levels. Also Read: Outlook “We continue to look at individual investments on their own merits and will not hesitate to invest if an opportunity looks attractive. As usual, our investment stance does not depend much on the macro-economic situation but is focussed on individual companies,” the factsheet says. Inception date The date of allotment of PPFCM is May 24, 2023. SIP Returns As per the factsheet, a monthly SIP of Rs 10,000 in this fund’s regular plan since inception could have grown to Rs 31.35 lakh. If 5 years, it could have grown to Rs 10.04 lak...

Most mutual fund investors, especially new investors, are often confused about how to pick schemes to take care of their various goals. They keep looking for a ready-made mutual fund portfolio to achieve their long-term goals. Here is some help for such investors. We have put together a bunch of schemes, based on your risk profile, time horizon, and the amount you want to invest. Here are some updates for the month. SBI Equity Hybrid Fund has been in the third quartile for the last four months. Mirae Asset Hybrid Equity Fund and Canara Robeco Equity Hybrid Fund has been in the third quartile for the last two months. Axis Bluechip Fund has been in the fourth quartile for the last four months. Axis Small Cap Fund has been in the third quartile for the last two months. SBI Small Cap Fund has been in the third quartile for the last three months. Invesco India Midcap Fund was in the fourth quartile in the last month. Axis Mid Cap Fund has been in the fourth quartile for the last two months. Canara Robeco Flexi Cap Fund was in the third quartile in the last month. UTI Flexi Cap Fund was in the fourth quartile in the last month. Axis Growth Opportunities Fund has been in the fourth quartile for the last two months. Canara Robeco Bluechip Equity Fund has been in the third quartile for the last two months. Here is our methodology: Methodology for equity funds: 1. Mean rolling returns: Rolled daily for the last three years. 2. Consistency in the last three years: Hurst Exponent, H i...

The market gave us a lot of red numbers in 2022. It was one of the tougher years for stocks and bonds alike. But now I feel pretty good about investing for the long term. To be sure, 2023 seems dicey, with more Federal Reserve rate hikes and a possible recession looming. But stocks appear cheap, and equity and bond yields are quite robust. A couple of years of sideways markets wouldn’t be so bad if fund investors can continue to bank yields of 2% to 8%, depending on the fund. Our equity analysts estimate the fair value price of every stock they cover. At the start of 2022, they had the U.S. market at a 6% premium. Today, it’s at a 15% discount. In 2020, a similar discount would have been a good time to buy as the rebound came quickly, but in 2008, there was a lot more pain to come. (You can track the discount/premium By market cap, small caps are trading at a 23% discount, mid-caps at a 16% discount, and large caps at a 14% discount. If we look at returns by index or fund category, we see value beating growth for one and three years, but growth modestly ahead over the longer time periods. So, the returns are suggesting that the prospects for value and growth are roughly similar, while the discount to fair value indicates that in large caps, at least, growth has greater potential. I’m grouping my picks for 2023 and beyond into three buckets: bargains based on price/fair value, income, and special opportunities. As always, these picks look particularly attractive now but are...

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