Tag Archives: mutual funds

UTI is one of the pioneers of the Indian Mutual Fund Industry. With over Rs 2.4 Lakh crore, the AMC is one of the most trusted names in the mutual fund space. The UTI Mutual Fund offers products across asset classes. Let us talk about the flagship product – UTI Infrastructure Fund. About UTI Infrastructure Fund  Investment objective: The investment objective of the Scheme is to provide long-term capital appreciation by investing predominantly in equity and equity-related securities of companies engaged either directly or indirectly in the infrastructure areas of the Indian economy. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.  Investment process:   The fund would predominantly invest in stocks of companies engaged either directly or indirectly in the infrastructure areas of the Indian economy: The infrastructure sector is a crucial driver of the economy, playing an essential role in propelling India's overall development. The fund emphasizes a bottom-up strategy for stock selection and is positioned to profit from the early revival in the investment cycle. The fund would be agnostic to market capitalization. However, it may take concentrated exposure to certain stocks or sectors.   Portfolio composition  The portfolio holds significant exposure in large-cap stocks at 64%, and major sectoral exposure is to Construction and Capital Goods that combinedly account for roughly one-third of the portfolio. The top 5 sectors hold more than 63% of the portfolio. Note: Data as of 28th Feb. 2023. Source: UTIMF   Top 5 Holdings for UTI Infrastructure Fund  Name Sector Weightage % Larsen & Toubro Ltd. Construction 9.94 Bharti Airtel Ltd. Telecom 9.27 NTPC Ltd. Power 5.97 Ultratech Cement Ltd. Construction Materials 5.93 Reliance Industries Ltd. Oil, Gas & Consumable Fuels 4.82 Note: Data as of 28th Feb. 2023. Source: UTIMF  Performance since inception  If you had invested 10,000 at the time of the fund's inception, it would now be valued at Rs. 89,192, whereas the benchmark (Nifty Infrastructure TRI) would have fetched you only Rs 54,474.  Note: Performance of the fund since launch; Inception Date – 07th Apr. 2004 Source: utimf.com  The fund has consistently outperformed the benchmark and generated significant alpha. Investors must remain invested for a longer horizon to see the fund outperforming the benchmark.  https://www.youtube.com/shorts/YmYLCMZp5CA Fund Manager  Mr. Sachin Trivedi ably manages the fund. Mr. Sachin Trivedi is Senior Vice President and designated Head of Research & Fund Manager, Equity at UTI AMC Ltd. He is a B.com graduate from Narsee Monjee College of Commerce, Mumbai. He holds a post-graduate degree in management (MMS) from the K. J. Somaiya Institute of Management Studies &; Research, Mumbai University. He also holds a CFA charter since 2004 conferred on him by the CFA Institute, USA. He began his career in June 2001 with UTI. Sachin has 16 years of experience in research and portfolio management. In research, he has specialized in Auto OEM, Utilities, Capital Goods, and Logistics.  Who should invest?  Investors looking to  Invest in a fund following a theme of investing in stocks of companies engaged directly or indirectly in the infrastructure areas of the Indian economy.  Have a tactical allocation to their overall equity portfolio  Increase the risk spectrum of their portfolio with exposure to a thematic portfolio philosophy  Why invest?  Increasing spending on Infrastructure by Govt. of India would potentially drive the infrastructure sector to outperform broader indices in the medium to long term.  The fund provides risk diversification through investments in several stocks of the same sector in a cost-effective manner.  Horizon  Ideal for investment with a time horizon of, preferably, five years or above   Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.  Conclusion  The UTI Infrastructure Fund is ideal for a tactical allocation, with relatively better return potential than the diversified equity funds. This fund is best if you are bullish on infrastructure themes and ready to take high risks.  DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only.

HDFC Asset Management Company Ltd. (HDFC AMC) is one of the largest mutual fund companies in India. It is among one of the most profitable asset management companies (AMC) in the country. The company manages assets worth Rs. 4,32,084.97 crores as of Mar 31, 2022. Let us talk about the consumer product – HDFC Balanced Advantage Fund. HDFC Balanced Advantage Fund Investment objective To provide long-term capital appreciation/income from a dynamic mix of equity and debt investments. Investment process The fund follows the following investment strategy 1. Equity Portfolio Construction Active management of equity portfolio focusing on stock selection. The process is based on the troika of quality assessment, earnings outlook, and valuations, with equal importance to each criterion. Additionally, positioning across sectors/market capitalization is given due importance and risk mitigation is achieved through appropriate sizing of exposure 2. Debt Portfolio Construction Active management of debt portfolio focusing on managing credit risk. The fixed-income investment philosophy emphasizes Safety, Liquidity, and Returns (SLR) in that order. Portfolio Composition The portfolio holds the major exposure in equity at 60% and the sectoral major exposure is Financials which accounts for roughly one-fifth of the portfolio. The top five sectors hold nearly 43% of the portfolio. Note: Data as of 31st Jan 2023.Source: Value Research Online Top 5 Holdings for HDFC Balanced Advantage Fund NameWeightage %HDFC Bank4.87State Bank of India4.57Coal India4.31ICICI Bank4.31NTPC3.46Note: Data as of 31st Jan 2023.Source: Value Research Online Performance Fund name1Y3Y5Y7Y10YHDFC Balanced Advantage Direct-Growth (%)17.7720.6412.5615.4715.33VR Balanced TRI* (%)7.4415.2511.3613.0712.13Hybrid: Dynamic Asset Allocation* (%)6.9611.688.6510.4711.69Data as on 03-Mar-2023; *As on 05-Mar-2023Note: Returns over 1 year are annualizedSource: Value Research Online Fund managers Mr. Srinivasan Ramamurthy (Since July 29, 2022) - Fund Manager – Equity - Collectively over 15 years of experience in equity research and fund management. Mr. Gopal Agrawal (Since July 29, 2022) - Collectively over 17 years of experience in Fund Management and 2 years in Equity Research Mr. Anil Bamboli (Since July 29, 2022) - Senior Fund Manager - Fixed Income - Collectively over 27 years of experience in Fund Management and Research, Fixed Income Dealing. Mr. Priya Ranjan (Since May 01, 2022) - Collectively over 15 years of experience. Senior Equity Analyst and Fund Manager for Overseas Investments Mr. Arun Agarwal (Since October 06, 2022) - Senior Fund Manager - Collectively over 23 years of experience in equity, debt, and derivative dealing, fund management, internal audit, and treasury operations. Mr. Nirman S. Morakhia (Since February 15, 2023) - Fund Manager and Dealer – Equities Who should invest in HDFC Balanced Advantage Fund? Investors looking to invest in an equity portfolio without the very high risk and with a differentiated portfolio strategy that is well diversified in terms of asset class, and can take bets depending on the overall macro-economic environment. Why invest in this Fund? BAFs are multi-dimensional in nature. When a market is overvalued, it inherits the qualities of a hybrid mutual fund scheme, with the ability to minimize equity exposure to up to 30%. Whereas, when a market is undervalued, BAFs can raise equity exposure to up to 80 percent. In stock, picking funds emphasizes earnings growth prospects, management, valuation, macro trends, etc., and is agnostic to market capitalization and does not have sectoral bias. Lastly, investors experience the optimum advantages of both asset classes ─ equity and debt. Horizon One should look at investing for a minimum of three years or more. Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market. INVEST IN THE FUND Conclusion The HDFC Balanced Advantage Fund is one of the oldest funds with a track record of nearly three decades and has delivered over 15% CAGR since its launch. Thus, it is best for investors who are willing to take some additional risk for good returns over a long-term spectrum. DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only.

Education has become very expensive in India. SIP plans for child education are the solution! Statistics show that educational inflation is around 11% in the country today, and the cost of education is expected to soar in the future. A report by the National Sample Survey Office (NSSO) during the period of 2008-14 stated that the annual cost of education burgeoned by 2.75 times when compared to 2008, whereas the per-capita income had only increased by 2.49 times, indicating the mismatch in the income growth and the increase in the cost of education. High tuition fees coupled with the difficulty of paying bills and staying independent cause highly qualified and bright minds to even refrain from applying to colleges. Tuition rates are increasing all over the world and are rising faster than the growth in per capita income. Looking at these expenses from an exchange rate perspective, rupee owners will always have a disadvantage in terms of the cost of overseas education due to our country’s current account balance, relative interest rates, and inflation which cause a weakening of the Rupee. In the near future, the trend would continue hence ballooning the fees even further. Investing is a mantra that can be followed to rise above the tide of this soaring educational inflation. A wealthy corpus is accumulated and the effects are more prominent when the investor starts saving at an earlier stage owing to the compounding effect. What is SIP?  SIP is a Systematic Investment Plan. It is a facility offered by mutual funds to investors to invest in a fund properly. With a SIP facility, investors can invest a fixed amount of money in pre-defined intervals.  SIP is the perfect method of investment for newcomers and risk-averse investors – it allows you to participate in the market without timing it or worrying about its highs & lows.   Note that the fixed amount of money can be as low as INR 500. The SIP route to investment is necessary as it helps you to invest in a time-bound manner. There is no need to worry about market dynamics when you are investing via SIPs.  Calculate Investment using SIP Calculator Reason to invest in Mutual Fund Scheme for child education 1. Reduce the financial burden This forms a habit of investment discipline by debiting a fixed amount from your bank account at every periodic interval. This also prevents a lump sum or a sudden outflow of money from your pocket, hence maintaining financial stability. 2. Start investing in small amounts Most SIPs start at a minimal amount of Rs 500, which enables the investors to save for their child’s future – one penny at a time. 3. Rupee cost averaging By investing through SIP, one can also benefit from rupee cost averaging – where the cost of purchasing a unit of the fund is averaged over the time horizon thus protecting its investors from volatile market conditions and price fluctuations. 4. Compounding effect Investors also benefit from the compounding of returns, where the returns earned on the invested capital are re-invested into the fund. Best SIP Mutual Funds Read More 5 Benefits of SIP Plans for Child Education   1. Compounding can help you become financially stable  SIP helps everyone make the best of their savings and lets one make the most of compounding. Compounding is when the initial interest earned on your investment starts earning interest over the years. It helps people with small sums of money generate a sizeable amount over the years. Compounding is a great way to meet your financial goals and retire with a healthy sum of money in your pocket.   2. Make the most of rupee cost averaging  Staying invested for long and consistently have its benefits. This benefit is called rupee cost averaging when your overall investment is protected from market fluctuations.   3. A common’s man way of investing  SIP is a method that is suitable for every investor. Whether you are a seasoned or a new investor, you can start a SIP and invest in funds that can help you with your financial goals. It is a common’s way of ensuring their future and helps them invest small sums of money.   4. SIP can help you stay financially disciplined  SIP makes investing easier and affordable for everyone. It is an EMI for your future funds and helps you consistently contribute to it. You can set up an auto-debit from your account so that you continue to invest. SIPs can be paused and even stopped based on your needs. It is a great way to contribute towards your financial goals without worrying yourself out.  5. SIP can be as little as Rs. 100  You can start a SIP for Rs. 100 or even Rs. 500. The choice is yours! Based on your needs and financial goals, your investment can be as little or as big as you want. You can gradually increase your SIP investments. Some mutual funds offer a Step-up option above a certain investment amount which means that as your salary grows, you can increase your investments as well.   How does the SIP calculator work? Read More Tax benefits of Mutual Fund Scheme for a child's future There are certain benefits when you invest via SIP. Starting a SIP in a tax saving like ELSS. This tax-saving fund has certain tax benefits. It also has a lock-in period of three years.   SIP plans in an ELSS fund from April to March (financial year) are eligible for Section 80C benefits for that fiscal year up to Rs.1.50 lakhs.  Top 10 SIP plans (mutual fund scheme) for child education Scheme Name1-Yr ReturnAUMProsConsAditya Birla Sun Life Frontline Equity FundExpense Ratio: 1.08%Min SIP Amount: Rs 10014.85% Rs 18,897.76 CrLower expense ratioAssets Under Management (AUM) of the fund are greater than Rs 15,000 Cr. When a fund crosses a certain AUM threshold, the returns from the fund tend to decrease or stagnate. The investors should monitor the performanceAxis Long Term Equity Fund Expense Ratio:0.72%Min SIP Amount: Rs 50014.85% Rs 28,556.83 CrFund has higher 3-year and 5-year returns as compared to the category average.ELSS fund – Tax haven for 80CAssets Under Management (AUM) of the fund are greater than Rs 20,000 Cr. When a fund crosses a certain AUM threshold, the returns from the fund tend to decrease or stagnate. Investors should monitor their performance.Parag Parikh Flexi Cap FundExpense Ratio: 0.96%Min SIP Amount: Rs 100021.11%Rs 8,701.65 CrFund has higher 1-year, 3 years, and 5-year returns as compared to the category average.Low expense ratio.NoneSBI Equity Hybrid FundExpense Ratio: 0.97%Min SIP Amount: Rs 50012.20%Rs 38,080.12 CrFund has higher 1year, 3-year, and 5-year returns as compared to the category average.Low expense ratio.Assets Under Management (AUM) of the fund is greater than Rs 20,000 Cr. When a fund crosses a certain AUM threshold, the returns from the fund tend to decrease or stagnate. Investors should monitor their performance.SBI Focused Equity FundExpense Ratio: 0.97%Min SIP Amount: Rs 50013.08%Rs 14,533.37 CrFund has higher 3-year 5 year and 10-year returns as compared to the category average.The fund has been in the market for over 10 years.High expense ratioAxis Bluechip FundExpense Ratio: 0.55%Min SIP Amount: Rs 500Rs 25,134.85 CrFund has higher 1-year 3-year and 5-year returns as compared to the category average.The expense ratio is on the lower end and the fund has no lock-in period.Assets Under Management (AUM) of the fund are greater than Rs 20,000 Cr. When a fund crosses a certain AUM threshold, the returns from the fund tend to decrease or stagnate. Investors should monitor their performance.L&T Midcap FundExpense Ratio: 0.77%Min SIP Amount:Rs 50067.18% ( 3 year = 7.25%)Rs 6,258.04 CrFund has higher 5-year returns as compared to the category average.The expense ratio is on the lower end.Assets Under Management (AUM) of the fund are greater than Rs 5,000 Cr.When a fund crosses a certain AUM threshold, the returns from the fund tend to decrease or stagnate. Investors should monitor the performance.HDFC Mid-Cap Opportunities FundExpense Ratio: 1.04%Min SIP Amount: Rs 50075.85% ( 3 year = 7.94%)Rs 25,779 CrFund has higher 5-year returns as compared to the category average.The expense ratio is on the lower endAssets Under Management (AUM) of the fund are greater than Rs 5,000 Cr. When a fund crosses a certain AUM threshold, the returns from the fund tend to decrease or stagnate. Investors should monitor their performance. Axis Small Cap FundExpense Ratio: 0.38% Min SIP Amount: Rs 50074.30% (3 year = 17.37%)Rs 4,724.14 CrFund has higher 3-year and 5-year returns as compared to the category average.The expense ratio is on the lower endNoneHDFC Small Cap FundExpense Ratio: 0.95%Min SIP Amount: Rs 50094.91% (3 year = 5.88%)Rs 10,024.44 CrFund has higher 3-year and 5-year returns as compared to the category average.The expense ratio is on the lower end.Assets Under Management (AUM) of the fund are greater than Rs 5,000 Cr. When a fund crosses a certain AUM threshold, the returns from the fund tend to decrease or stagnate. Investors should monitor their performance. Mistakes to avoid while investing in SIP plans  Here are some SIP plan mistakes that you should avoid as a new investor:  1. Investing in the wrong fund The most basic mistake in picking SIP plans is to invest in the wrong fund. This usually occurs when an investor is new and invests based on a friend’s advice or hearsay. It's important to do your own research, find out the fund house's previous performance, and the companies listed in the fund, and study its overall progress before starting any SIP plans. It's best to consult a professional before starting on this journey.    2. Investing a huge amount Many investors start strong but end up regretting it. Entering the market can be exciting and thrilling but you have to be careful where you are investing your hard-earned money towards. When picking up SIP plans, it is important to choose an amount you are comfortable spending and can consistently pay over the next couple of years to get the best returns possible.  3. Only for small investors or new investors This is a huge mistake while investing in SIP plans. Anyone can invest in SIP plans. Whether you are a financial advisor or a risk-averse investor, you can start a SIP for any amount and invest regularly. That is the beauty of SIP, it allows you to stay invested for a long at your own terms.   4. It is considered a short-term Investment SIP is not a short-term investment or a purely long-term investment method. It acts as both, the investor can decide how long they wish to stay invested, increase or decrease their SIP amount and even aim for big financial goals like a child’s education or retirement via SIP plans.   5. Not using the step-up SIP option Many investors do not increase their SIP amount and continue to invest at the same pace for a long duration. This is a huge mistake when selecting SIP plans and investing in them. As your income increases, it is important to increase your investments and SIP plan amount so that your financial goals are met in time and smoothly.  Which mutual fund scheme should you choose? Selecting the funds that are tailored to your investment requirement time horizon, income, target corpus, and risk appetite is the first critical step that you should take as a parent investing in your child’s education. One could start by investing in one fund and then diversifying to 2 or 3 funds by proportionately investing across the schemes. You should ideally aim for a smaller proportion of investments in small and mid-cap funds which bring in high returns (along with high volatility) and balance them with large-cap funds that have stable returns (lower than small and mid-cap). SIP calculator online for child education plans SIP calculator allows users to calculate and plan for child education. Users can calculate SIP over a period of time even before they start the investment process. SIP interest is based on compound interest. Just enter the amount you wish to invest and calculate your SIP. How to choose a mutual fund scheme for child education?  Choosing SIP plans depends on your financial goals. Ask yourself certain questions:   What are your long-term goals?  What are your short-term goals?  How much money do you wish to save for your retirement?  How much money can you save monthly and invest?  You can also consult a financial advisor who can help you create a financial plan to save for multiple goals and that can help you meet your daily wants and needs.   How to invest in SIP plans for child education on the EduFund App?  Step 1: Download and Sign up with EduFund  Go online with SIP plans with EduFund. Download the application and sign up with personal details. The whole signup process takes just 3 seconds.   Step 2: Identify your financial goals   The application provides a gamut of options for your child’s education. Evaluate the goal. You can save for short-term or long-term goals such as saving for school fees and saving for higher education in India or overseas. You can save for both simultaneously as well!   Step 3: Calculate the total cost with a FREE calculator  After identifying the goals, calculate the total costs of higher education for undergraduate or postgraduate studies.  You could calculate basing National or International academic education expectations. Select the specialization and the country you are seeking higher education.  Step 4: Get your investment map and invest  Soon after filing the details, you will get how much you could get after investing for the respective number of years. You will get a number of SIP plan suggestions that you could compare with yours.  You could increase or decrease the sum to invest monthly as per financials.  We provide an overview of your savings transitioning into returns until you get the investment sum. You could go for a lump sum payment if you are an entrepreneur with unstable finances.  Place the order as a secured investment through UPI or other methods. You could start with just ₹100 in Edufund SIP investments.  Step 5: Track, revisit and reset goals anytime  Once you set up a SIP plan, you can edit goals according to the revised economic situation. Edufund captures the sensitivity that comes with finances.  Revisit the plan and modify it as per goals and finances. You will get a new investment plan with new goals. Plan your savings accordingly.  Conclusion A financial strategy for your child’s education is an absolute necessity, given the high educational inflation that is prevailing in the world today. The strategy should factor in your income, target corpus, investment horizon, and risk appetite. Starting early in terms of investments lowers the financial burden in the future and helps you pave the path for your child’s dream career. There is no appropriate or right time to start investing in your child’s education because the right time is now. Note - The past track record of a fund is no guarantee of its future performance. FAQs Is SIP good for child education?  A SIP is a great way to save for your child’s education. You have the flexibility to select the amount and invest regularly in your chosen funds. You can also redraw the money when you need it or pause the SIP if you wish to do so. SIP is a systematic and disciplined way to save for your child’s future education.  Which mutual fund is best for child education?  Here are the top mutual funds that offer SIP for your child’s education:  Aditya Birla Sun Life Frontline Equity Fund  Axis Long-Term Equity Fund  Parag Parikh Flexi Cap Fund  SBI Equity Hybrid Fund  SBI Focused Equity Fund  Can I open a SIP for my child?  Yes, you can start a SIP for your child. Download the EduFund App and select the funds you like and start investing. How can invest in SIP for kids?  Explore several saving options on the EduFund app to save for your child’s future. Select the funds that suit your risk appetite and your goals. Invest an amount you are comfortable with and start saving!   Which SIP is best for kids?  Here are some mutual funds that offer SIP investments starting at Rs. 100 or Rs. 500:   Aditya Birla Sun Life Frontline Equity Fund   Axis Long-Term Equity Fund   Parag Parikh Flexi Cap Fund   SBI Equity Hybrid Fund   SBI Focused Equity Fund  Is a long-term SIP risky? Investing in SIP for the long term is highly effective and has lesser risk compared to making a lumpsum investment in mutual funds.  What is the best age to start a SIP? There is no right age to start a SIP. A systematic investment plan is a great tool to save for your child’s education. As many experts suggest, it is always beneficial when you have a long investment horizon, as it reduces the SIP amount needed to reach your goal. You need to invest early to have a long investment tenure. Investing early also may increase your returns on investment. TALK TO AN EXPERT DisclaimerMutual fund investments are subject to market risks and EduFund does not endorse any fund over another in this blog.

One of the largest AMCs in India, DSP has been helping investors make sound investment decisions responsibly and unemotionally for over 25 years. DSP is backed by the DSP Group, an almost 160-year-old Indian financial giant.  The family behind DSP has been very influential in the growth and professionalization of capital markets and the money management business in India over the last one-and-a-half centuries   Let us talk about the consumer product – DSP Global Allocation Fund.  About the DSP Global Allocation Fund  Investment objective The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of BlackRock Global Funds - Global Allocation Fund (BGF - GAF). The Scheme may also invest in the units of other similar overseas mutual fund schemes which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/ or money market/liquid schemes of DSP Mutual Fund, in order to meet liquidity requirements from time to time.  Portfolio composition  The portfolio that holds major exposure is Information Technology which accounts for roughly 10% of the portfolio. The top five sectors hold nearly 33% of the portfolio.  Note: Data as of 31st Dec 2022. Source: DSP MF  Top Ten Holdings of DSP Global Allocation Fund Name Weightage % Microsoft Corporation 1.70% Apple Inc 1.60% Alphabet Inc Class C 1.20% Amazon.Com Inc 1.10% ConocoPhillips 0.90% Humana Inc 0.80% UnitedHealth Group Inc 0.80% Marsh & McLennan Inc 0.70% Enbridge Inc 0.70% Sempra 0.70% Note: Data as of 31st Dec 2022. Source: DSP MF  Performance Note: Data as of 31st Dec 2022. Source: DSP MF  The fund has generated a CAGR (Compounded Annual Growth Rate) of 6% since its inception.  Fund manager  Mr. Laukik Bagwe is the fund manager and brings over 22 years of total professional experience. He has been managing the scheme since August 2014. He has previously worked with Derivium Capital & Securities Private Limited, and Birla Sunlife Securities Ltd. He holds a B.Com, and PGDBA (Finance).  Mr. Jay Kothari, Vice President & Product Strategist has been managing the fund since August 2014. He is the dedicated Fund Manager for overseas investments and has been with DSP Investment Managers since May 2005, and has been with the Investment function since January 2011. Jay joined the firm as a member of the Sales team (Banking) in May 2005. Prior to joining DSPIM, Jay worked for Standard Chartered Bank for a year in the Priority Banking division. Jay completed his Bachelor of Management Studies (Finance & International Finance) from Mumbai University, followed by an MBA in Finance from Mumbai University.  Mr. Kedar Karnik has been managing the fund since July 2016. He joined DSP Investment Managers from Axis Asset Management and has over 17 years of investment experience. He has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies. He has over a decade of investment experience. He has previously worked with HSBC Asset Management and CRISIL Ltd.  Who should invest in DSP Global Allocation Fund?  Experienced Investors with a well-set core portfolio, looking to diversify no more than 10-15% of portfolio internationally.  Investors looking for international diversification, especially in US companies & wanting to hedge portfolios.  Investors have the patience and mental resilience to remain invested for a decade or more.  Investors not looking to chase the highest returns.  Why invest in this Fund?  Offers the potential to grow your wealth by investing in a well-diversified portfolio all around the world.  Get access to well-known, large companies that are difficult to invest in directly for Indian investors, like Google, Amazon, Facebook, Comcast, Berkshire Hathaway, etc.  Reduce portfolio volatility by investing in a foreign market that has a low correlation to the Indian stock market & may thrive even when Indian stocks fluctuate.  Get the additional benefit of currency diversification.   Time horizon  One should look at investing for a minimum of 10 years or even more.  Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.  Conclusion  The DSP Global Allocation Fund was launched in August 2014, and in its track record of eight years, the fund has delivered ~6% CAGR consistently. Thus, it is best for investors who are willing to take international equity exposure in the portfolio and is looking to remain invested for a longer period.  DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only. 

One of the largest AMCs in India, DSP has been helping investors make sound investment decisions responsibly and unemotionally for over 25 years. DSP is backed by the DSP Group, an almost 160-year-old Indian financial giant.  The family behind DSP has been very influential in the growth and professionalization of capital markets and the money management business in India over the last one-and-a-half centuries   Let us talk about the consumer product – DSP US Flexible Equity Fund.  About the DSP US Flexible Equity Fund  Investment objective The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of Global Funds US Flexible Equity Fund (BGF - USFEF). The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/ or money market/liquid schemes of DSP Mutual Fund, in order to meet liquidity requirements from time to time. It shall be noted 'similar overseas mutual fund schemes' shall have investment objectives, investment strategies, and risk profiles/considerations similar to those of BGF - USFEF.  The term "Flexible" in the name of the Scheme signifies that the Investment Manager of the Underlying Fund can invest either in growth or value investment characteristic securities placing an emphasis as the market outlook warrants.  Portfolio composition  The portfolio holds major exposure in Information Technology which accounts for roughly 21% of the portfolio. The top five sectors hold nearly 75% of the portfolio.  Note: Data as of 31st Dec 2022. Source: DSP MF  Top 10 holdings of DSP US Flexible Equity Fund Name Weightage % Microsoft Corporation 6.00% Amazon.Com Inc 4.80% Alphabet Inc 4.40% Apple Inc 4.00% Corveta Inc 3.10% United Health Group Inc 3.00% Comcast Corporation 2.60% Berkshire Hathaway Inc  2.60% Visa Inc 2.50% Ross Stores Inc 2.20% Note: Data as of 31st Dec 2022. Source: DSP MF  Performance Note: Data as of 31st Dec 2022. Source: DSP MF  The fund has generated a CAGR (Compounded Annual Growth Rate) of 14% since its inception. Fund manager  Mr. Laukik Bagwe is the fund manager and brings over 22 years of total professional experience. He has been managing the scheme since August 2012. He has previously worked with Derivium Capital & Securities Private Limited, and Birla Sunlife Securities Ltd. He holds a B.Com, and PGDBA (Finance).  Mr. Jay Kothari, Vice President & Product Strategist has been managing the fund since March 2013. He is the dedicated Fund Manager for overseas investments and has been with DSP Investment Managers since May 2005, and has been with the Investment function since January 2011. Jay joined the firm as a member of the Sales team (Banking) in May 2005. Prior to joining DSPIM, Jay worked for Standard Chartered Bank for a year in the Priority Banking division. Jay completed his Bachelor of Management Studies (Finance & International Finance) from Mumbai University, followed by an MBA in Finance from Mumbai University.  Mr. Kedar Karnik has been managing the fund since July 2016. He joined DSP Investment Managers from Axis Asset Management and has over 17 years of investment experience. He has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies. He has over a decade of investment experience. He has previously worked with HSBC Asset Management and CRISIL Ltd.  Who should invest in DSP US Flexible Equity Fund?  Experienced Investors with a well-set core portfolio, looking to diversify no more than 10% - 15% of portfolio internationally.  Investors looking for international diversification, especially in US companies & wanting to hedge portfolios.  Investors have the patience and mental resilience to remain invested for a decade or more.  Investors not looking to chase the highest returns.  Why invest in this Fund?  Offers the potential to grow your wealth by investing in the world's largest & most developed equity market.  Get access to well-known, large companies that are difficult to invest in directly for Indian investors, like Google, Amazon, Facebook, Comcast, Berkshire Hathaway, etc.  Reduce portfolio volatility by investing in a foreign market that has a low correlation to the Indian stock market & may thrive even when Indian stocks fluctuate.  Get the additional benefit of currency diversification.   Time horizon  One should look at investing for a minimum of 10 years or even more.  Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.  Conclusion  The DSP US Flexible Equity Fund was launched in August 2012, and in its track record of ten years, the fund has delivered ~14% CAGR consistently. Thus, it is best for investors who are willing to take international equity exposure in the portfolio and is looking to remain invested for a longer period.  DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only.

One of the largest AMCs in India, DSP has been helping investors make sound investment decisions responsibly and unemotionally for over 25 years. DSP is backed by the DSP Group, an almost 160-year-old Indian financial giant.  The family behind DSP has been very influential in the growth and professionalization of capital markets and the money management business in India over the last one-and-a-half centuries   Let us talk about the consumer product – DSP Dynamic Asset Allocation Fund.  About the DSP Dynamic Asset Allocation Fund  Investment objective The investment objective of the Scheme is to seek capital appreciation by managing the asset allocation between equity and fixed-income securities. The Scheme will dynamically manage the asset allocation between equity and fixed income based on the relative valuation of equity and debt markets.  The Scheme intends to generate long-term capital appreciation by investing in equity and equity-related instruments and seeks to generate income through investments in fixed-income securities and by using arbitrage and other derivative strategies.  Investment process   Investment Strategy for Equity Investments - The stock selection process proposed to be adopted is generally a bottom-up approach seeking to identify companies with long-term sustainable competitive advantage (as this is one of the key factors responsible for withstanding competitive pressures and does not allow rivals to eat up any excess profits earned by a successful business). The fund would also use a top-down discipline for risk control by ensuring the representation of companies from select sectors.  Investment Strategy for Debt Investments - The Fund Manager will invest only in those debt securities that are rated investment grade by a domestic credit rating agency such as CRISIL, ICRA, CARE, FITCH, etc., or in unrated debt securities that the Fund Manager believes to be of equivalent quality. The securities mentioned above could be listed, unlisted, privately placed, secured, unsecured, rated, or unrated (subject to the rating or equivalency requirements discussed above) and of any maturity. The Fund may also invest in Securities of issuers supported by the Government of India or State Governments subject to such securities satisfying the criteria relating to rating etc.  Portfolio composition  The portfolio holds the major exposure in large-cap stocks at 65% and sectoral major exposure is Banks which account for roughly 8% of the portfolio. The top 4 sectors hold nearly 18% of the portfolio.  Note: Data as of 31st Dec 2022. Source: DSP MF  Top 5 holdings DSP Dynamic Asset Allocation Fund  Name Weightage % HDFC Bank Limited 3.93 Bajaj Finance Limited 3.29 ICICI Bank Limited 2.22 Avenue Supermarts Limited 2.14 Maruti Suzuki India Limited 1.94 Note: Data as of 31st Dec 2022. Source: DSP MF  Performance Note: Data as of 31st Dec 2022. Source: DSP MF  The fund has generated a CAGR (Compounded Annual Growth Rate) of 8% since its inception.  Fund manager  Mr. Atul Bhole is the fund manager and brings over 16 years of experience. He joined DSP in May 2016 and is the Vice President. He is managing the fund since February 2018. He has previously worked with Tata Asset Management Ltd, JP Morgan Services (India) Private Limited, and State Bank of India (Treasury). He holds a B. Com, MMS (Finance from JBIMS), and Chartered Accountant (ICAI India).  Mr. Dhaval Gada is the fund manager and brings over 13 years of experience. He joined DSP in September 2018 and is managing the fund since September 2022. He has previously worked with Sundaram AMC Pvt. Ltd, Motilal Oswal Securities Ltd, Evalueserve.com Pvt. Ltd. He holds a PGDM – Finance from Welingkar Institute of Management.  Mr. Laukik Bagwe is the fund manager and brings over 22 years of total professional experience. He has been managing the scheme since July 2021. He has previously worked with Derivium Capital & Securities Private Limited, and Birla Sunlife Securities Ltd. He holds a B.Com, and PGDBA (Finance).  Who should invest in DSP Dynamic Asset Allocation Fund?  Investors want to invest in the equity markets but don't know how to begin.  An investor who gets confused by the noise when markets fluctuate and also believes that an unemotional asset allocation strategy has a higher chance of success.  Investors not looking to chase the highest returns.  Why invest in this Fund?  Helps you invest unemotionally by 'doing what it needs to', instead of you having to react to changing markets.  It offers you 'built-in-advice' & actions on your behalf.  Offers the potential to grow your wealth by investing in equities but with a smoother long-term investment journey.  It tries to reduce the impact of market fluctuations in the portfolio.  Potential capital preservation during falling markets through debt allocation.   Time horizon  One should look at investing for a minimum of 5 years or even more.  Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.  Conclusion  The DSP Dynamic Asset Allocation Fund was launched in February 2014 and in its track record of nearly nine years, the fund has delivered ~8% CAGR consistently. Thus, it is best for investors who are willing to take equity exposure but not knowing how to begin and where to begin. DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only. 

One of the largest AMCs in India, DSP has been helping investors make sound investment decisions responsibly and unemotionally for over 25 years. DSP is backed by the DSP Group, an almost 160-year-old Indian financial giant.  The family behind DSP has been very influential in the growth and professionalization of capital markets and the money management business in India over the last one-and-a-half centuries   Let us talk about the consumer product – DSP Tax Saver Fund. About the DSP Tax Saver Fund  Investment objective The primary investment objective of the Scheme is to seek to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity-related securities of corporates and to enable investors to avail of a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time.  Investment process   The fund follows the following investment strategy   The Investment Manager will select equity securities on a bottom-up, stock-by-stock basis, with consideration given to low price-to-earnings, price-to-book, and price-to-sales ratios, as well as improving margins, asset turns, and cash flows, amongst others.  The fund is sector-agnostic and also market-cap agnostic.  Portfolio composition  The portfolio holds the major exposure in large-cap stocks at 70% and sectoral major exposure is Banks which account for roughly 32% of the portfolio. The top 4 sectors hold nearly 55% of the portfolio.  Note: Data as of 31st Dec 2022. Source: DSP MF  Top 5 Holdings DSP Tax Saver Fund Name Weightage % HDFC Bank Ltd 9.68 ICICI Bank Ltd 7.59 Infosys Ltd 6.31 State Bank of India Ltd 5.04 Axis Bank Ltd 4.63 Note: Data as of 31st Dec 2022. Source: DSP MF Performance  Note: Data as of 31st Dec 2022. Source: DSP MF  The fund has generated a CAGR (Compounded Annual Growth Rate) of 14.25% since its inception.  Fund manager  Mr. Rohit Singhania is the fund manager and brings over 20 years of experience. He joined DSP in September 2005, as Portfolio Analyst in the firm’s PMS division. He was transferred to the Equities Investment team in June 2009 as Research Analyst. Previously, he was with HDFC Securities Limited as a part of its Institutional Equities Research Desk. He spent 13 months at HDFC Securities as Sr. Equity Analyst. Prior to HDFC securities, he was employed with IL&FS Investment Limited as Equity Analyst.  Mr. Charanjit Singh is fund-managed and brings over 17 years of total professional experience. He has been managing the scheme since January 2021. He has previously worked with B&K Securities India, Axis Capital Ltd, BNP Paribas India Securities, Thomas Weisel Partners, HSBC, IDC Corp., and Frost & Sullivan.  Who should invest in DSP Tax Saver Fund?  Investors looking to save tax by investing in equity-oriented funds with the lowest lock-in of three years. An individual can save up to Rs 46,800 by investing up to Rs 1.5 lakh in this fund.   Why invest in this Fund?  Helps you aim to grow your wealth by investing in a mix of large & mid-sized companies, offering growth at reasonable prices.  The lowest lock-in period of 3 years as compared to other tax saving options under Section 80C.  Can help you beat the impact of rising prices over the long-term   Time horizon  One should look at investing for a minimum of 3 years or more due to lock-in.  Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.  Conclusion  The DSP Tax Saver Fund is one of the oldest funds with a track record of more than 16 years and has delivered ~14% CAGR consistently. Thus, it is best for investors who are willing to take some additional risk for good returns over a long-term spectrum and also at the same time look for saving tax.  DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only. 

ICICI is a leading Asset Management Company (AMC) in the country focused on bridging the gap between savings and investments and creating long-term for investors through a range of simple and relevant investment solutions.    Let us talk about the consumer product – ICICI Prudential Multi-Cap Fund.  About the ICICI Prudential Multi Cap Fund  Investment objective To generate capital appreciation through investments in equity & equity-related instruments across large-cap, mid-cap, and small-cap stocks of various industries.  Investment strategy   The investment universe of the Scheme is a unique blend of large-cap, mid-cap, and small-cap stocks. The Scheme will aim to hold optimum exposure to large, mid, and small-cap stocks depending on the fund manager's view on market valuations.  The portfolio construction involves investing in high-conviction quality stocks. The Scheme will remain sector agnostic and would use a combination of top-down and bottom-up research for stock selection.  A top-down approach will be based on macroeconomic conditions, and underlying trends while a bottom-up approach shall be followed for selecting stocks with growth prospects, low leverage levels, good corporate governance, robust financials, and good cash flow management.  Portfolio composition  The portfolio holds the major exposure in large-cap stocks at 60% and sectoral major exposure is Banks that account for roughly 15% of the portfolio. The top five sectors hold nearly 42% of the portfolio. Note: Data as of 31st Dec 2022. Source: Morningstar, ICICI MF Top 5 holdings of ICICI Prudential Multi-cap Fund Name Weightage % ICICI Bank Ltd 6.45% Infosys Ltd 3.07% HDFC Bank Ltd 3.02% TVS Motor Company Ltd 2.60% Sun Pharmaceutical Industries Ltd 2.50% Note: Data as of 31st Dec 2022. Source: ICICI MF  Performance Fund name 3M 6M 1Y 3Y 5Y 7Y 10Y ICICI Pru Multicap Dir -1.26 3.4 4.37 15.81 10.73 14.47 15.01 S&P BSE 500 TRI -2.52 1.69 2.47 16.00 10.31 14.48 13.4 Note: Data as of 30th January 2023; Data is for Direct Plan Growth Option Source: ICICI MF  The fund has generated a CAGR (Compounded Annual Growth Rate) of 19.70% since its inception. Invest Now Fund manager  Mr. Sankaran Naren has been associated with the AMC since October 2004. He oversees the entire investment function across the Mutual Fund and the International Advisory Business of the Company. Mr. Naren joined the AMC in 2004 as a fund manager and has worked in various capacities in the investment function culminating in his taking over as the Chief Investment Officer. He currently manages some of the flagship schemes of the ICICI Prudential Mutual Fund. Mr. Sankaran Naren has rich experience of around 30 years in almost all spectrums of the financial services industry ranging from investment banking, fund management, equity research, and stock broking operations. During his career, he has also worked with organizations such as Refco Sify Securities India Pvt. Ltd, HDFC Securities Ltd, and Yoha Securities in various capacities. He holds a B. Tech from IIT Madras and PGDM from IIM Calcutta.  Mr. Anand Sharma has been appointed as the Senior Investment Analyst – MF Equity in the Investments Department of ICICI Prudential Asset Management Company Limited w.e.f. November 10, 2021. He joined ICICI Prudential Asset Management Company in April 2014. He has previously worked with Oracle Financial Services Software Ltd. He holds a B.E. (Computer Engineer), and a Master of Management Studies, from the University of Mumbai.  Who should invest in ICICI Prudential Multi Cap Fund?  Investors who aim to take advantage of India’s long-term growth potential with an investment horizon of 5 years and above.   Why invest in this Fund?  The scheme focuses on identifying stocks across sectors that are likely to transform into tomorrow’s market leaders resulting in potential capital appreciation over time.  The scheme’s exposure to mid and small-caps provides an opportunity for higher capital appreciation over the long term whereas the large-cap exposure aims to provide less volatile reasonable returns.  Horizon  One should look at investing for a minimum of 5-7 years or even more.  Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.  Conclusion  The ICICI Prudential Multi-cap Fund was launched in October 1994 and in its track record of nearly twenty-eight years, the fund has delivered ~15% CAGR consistently. Thus, it is best for investors who are willing to take equity exposure and are looking for long-term investment. DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only. 

DSP Mutual Fund is one of India's leading AMCs with over 20 years of investment excellence. Since its inception, this fund house has grown significantly to become one of India's premier Asset Management Companies.  The fund house offers various mutual fund schemes across equity, debt, and hybrid categories, along with the international fund of funds, exchange-traded funds, and close-ended funds. The commitment of the fund house is to cater to its clients in every possible way by putting their interests first and securing their wealth. History of DSP  DSP Group is a 152-year-old financial company. The firm started stockbroking businesses back in the 1860s. One of the family members that founded this group was behind the foundation of the Bombay Stock Exchange (BSE.)   Mr. Hemendra Kothari currently leads the DSP Group. He started his career with D.S. Purbhoodas & Co. before establishing DSP Financial Consultants, a financial services provider, in 1975. As of 31 March 2022, DSP Mutual Fund has 372 schemes and an AuM of Rs 1,07,911.34 Crore.   List of DSP Funds in India  Funds Category Launch Riskometer 1 Yr Ret (%) Expense Ratio (%) AUM (Cr) DSP Corporate Bond Fund Corporate Bond 2018-09-10 Moderate 2.63 0.25 2647 DSP Credit Risk Fund Credit Risk 2013-01-01 Moderately High 10.49 0.38 234 DSP Strategic Bond Fund Dynamic Bond 2013-01-01 Low to Moderate 2.66 0.48 497 DSP Low Duration Fund Low Duration 2015-03-10 Low to Moderate 4.64 0.32 3464 DSP Liquidity Fund Liquid 2013-01-01 Low to Moderate 5.12 0.15 11186 DSP Bond Fund Medium Duration 2013-01-01 Moderate 3.84 0.39 334 DSP Overnight Fund Overnight 2019-01-09 Low 4.90 0.07 3379 DSP Short Term Fund Short Duration 2013-01-01 Low to Moderate 3.93 0.30 2735 DSP Tax Saver Fund ELSS 2013-01-01 Very High 3.83 0.80 10445 DSP Flexi Cap Fund Flexicap 2013-01-01 Very High -2.92 0.81 7910 DSP Equity Opportunities Fund Large and Mid-cap 2013-01-01 Very High 4.50 0.95 7295 DSP Nifty 50 Equal Weight Index Fund Large cap 2017-10-23 Very High 6.68 0.40 496 DSP Nifty 50 Index Fund Large cap 2019-02-21 Very High 4.61 0.20 257 DSP Midcap Fund Mid cap 2013-01-01 Very High -4.56 0.75 13699 DSP Small Cap Fund Small Cap 2013-01-01 Very High 0.63 0.94 9161 DSP Quant Fund Thematic 2019-06-10 Very High -3.28 0.56 1320 DSP Equity & Bond Fund Aggressive Hybrid 2013-01-01 Very High -1.34 0.83 7529 DSP Regular Savings Fund Conservative Hybrid 2013-01-02 Moderate 3.84 0.50 201 DSP Dynamic Asset Allocation Fund Dynamic Asset Allocation 2014-02-06 Moderately High 1.58 0.67 4097 Note - Returns as on 25-Jan-2023; All the funds are direct plan, growth option. Not all funds are covered above and only a selected few are covered across categories. Source: Value Research Online  1. DSP Corporate Bond Fund  What?  The fund invests in high-quality corporate debt securities rated AAA with a 'roll down' strategy. Roll down means - fund maturity reduces with time.  Who should invest?  New investor in the debt market looking for stability & consistency of returns.  Don't want to take high credit or interest rate risk.  Investors looking to reduce the overall risk level of the portfolio.  2. DSP Credit Risk Fund  What?  It is one of the DSP's oldest debt funds with 18 years+ track record  Invests in low-rated debt securities with min. 65% in AA & below-rated securities.  Who should invest?  Investors with a well-set core portfolio prefer the stability of the debt market but are okay to expose themselves to credit risk.  Investors looking to remain invested for at least 3-5 years.  3. DSP Strategic Bond Fund  What?  The fund is one of DSP's oldest debt funds with a 14+ years track record. The fund invests in high-quality government & corporate debt securities (AAA rated)  The fund is managed actively and is highly liquid  Who should invest?  An investor who recognizes investing in longer-duration debt securities could generate higher returns but comes with higher interest rate risk.  4. DSP Low Duration Fund  What?  The fund invests in money market and debt securities with a portfolio duration of 6-12 months. The securities are sovereign (government) bonds, A1+ rated money market securities, and high-quality AA & above rated debt securities.  Who should invest?  Investors with short-term horizons and wanting high safety of funds and high liquidity.  5. DSP Liquidity Fund  What?  The Fund is DSP’s oldest debt fund with a 24+ year track record. It invests in quality corporate bonds & money market instruments with a portfolio duration of 3 - 4 years. The securities include AA+ rated & above corporate bonds to minimize credit risk and duration risk.  The portfolio uses a blended approach of active and passive investment. While 1/3rd of the portfolio utilizes a roll-down strategy (passively managed) and 2/3rd of the portfolio is actively managed.  Who should invest?  Investors who are new to the debt market are looking for stability in growth, the safety of funds, and high accessibility.  6. DSP Bond Fund  What?  The fund is one of DSP's oldest debt funds with 24+ years of track record. It invests in quality corporate bonds & money market instruments with a portfolio duration of 3 - 4 years.  The portfolio uses a blended approach of active and passive investment. While 1/3rd of the portfolio utilizes a roll-down strategy (passively managed) and 2/3rd of the portfolio is actively managed.  Who should invest?  Investors who are new to the debt market are not looking for high-risk.  7. DSP Overnight Fund  What?  The fund invests in high-quality debt & money market instruments. The instruments primarily have a 1-day maturity.  Who should invest?  Investors looking to park money for a very short period of time may need to withdraw at any time  8. DSP Short-Term Fund  What?  The fund is one of the oldest debt funds with a 19+ year track record. The fund invests in high-quality debt securities, primarily AAA-rated corporate bonds & sovereign (government) bonds & can invest up to 20% in AA+-rated instruments. The instruments primarily have a 1-3 year duration.  Who should invest?  Investors with a very low tolerance for risk and looking to park money for a very short period of time & may need to withdraw suddenly.  9. DSP Tax Saver Fund  What?  The fund invests in equity and equity-related securities across sectors and market capitalization. The fund provides tax deductions up to Rs 1.5 lakh annually under Sec 80C of the Income Tax Act 1961.  Who should invest?  An investor with a relatively high-risk appetite and looking to get an income tax benefit.  10. DSP Flexi Cap Fund  What?  The fund is DSP's oldest equity fund with a 24+ year track record. The fund invests flexibly across carefully selected companies of different sizes- large, mid, or small.  The fund tends to own quality businesses with strong business models, and growth potential & led by reliable management.  Who should invest?  Investors who are relatively new to the equity market and have the patience & mental resilience to remain invested for a decade or more.  11. DSP Equity Opportunities Fund  What?  The fund is among DSP's oldest equity funds with a 21-year+ track record and invests in a mix of established (large-sized) as well as emerging (mid-sized) companies. The fund tends to invest ~70% in companies with attractive valuations and ~30% or less in growth stocks.  Who should invest?  Investors looking to build wealth over the long term and has the patience & mental resilience to remain invested for a decade or more.  12. DSP Nifty 50 Equal Weight Index Fund  What?  The fund is an index fund that replicates the Nifty 50 Equal Weight TR Index - same stocks, same weights. The fund allows you to invest in India's top 50 companies, each with the same weight in the portfolio.  The portfolio is re-aligned quarterly so every stock's weight is brought back to 2%. The portfolio is rebalanced semi-annually to adjust for any stock additions or subtractions to the Index.  Who should invest?  An investor who is relatively new to the equity market and is happy with the market returns. The investor should have the patience & mental resilience to remain invested for a decade or more.  13. DSP Nifty 50 Index Fund  What?  The fund is an index fund that replicates the Nifty 50 TR Index by investing in the same stocks and the same proportion. The portfolio is rebalanced semi-annually to adjust for any stock additions or subtractions to the Index.   Who should invest?  An investor who is relatively new to the equity market and is happy with the market returns. The investor should have the patience & mental resilience to remain invested for a decade or more.  14. DSP Midcap Fund  What?  The fund invests in mid-sized companies that have the potential to become really big. It looks for durable businesses with strong financial metrics. The mid-sized tends to offer higher growth potential than larger companies and thus comes with relatively higher risk than large-cap but lower risk than smaller-sized companies.  Who should invest?  An investor with a well-set core portfolio & looking to tactically allocate 10-15% of your overall portfolio to very high-risk opportunities. The investors should have patience & mental resilience to remain invested for a decade or more.  15. DSP Small Cap Fund  What?  The fund invests in some of the smallest, fastest growing & innovative Indian companies. It considers companies with strong business models in high-growth sectors and efficient management teams focused on utilizing resources wisely to unlock high-growth potential.  Who should invest?  An investor with a well-set core portfolio & looking to tactically allocate 10-15% of your overall portfolio to very high-risk opportunities. The investors should have patience & mental resilience to remain invested for a decade or more.  16. DSP Quant Fund  What?  The fund is a pure rule-based fund and forms its portfolio through a carefully constructed framework & a robust quantitative model. The fund considers the top 200 companies in India, eliminates those with value-diminishing components, selects those with durable sources of potential outperformance, and then optimizes weights across various companies.  Who should invest?  Investors who are relatively new to the equity market, and have the patience & mental resilience to remain invested for a decade or more.  17. DSP Equity & Bond Fund  What?  The fund is amongst DSP's oldest hybrid funds with a 22+ year track record and invests in a mix of equity & debt instruments, trying to deliver equity-like returns with a slightly lower risk profile.  The larger equity component (65%+) aims to help build wealth, while the debt allocation (<35%) aims to reduce the impact of market fluctuations. The equity portion is well diversified across multiple sectors & different-sized companies while the debt portion is mostly in highly rated debt instruments with shorter-term maturity profiles.  Who should invest?  Investors looking to invest in the equity markets but don't know how to begin. These investors should have the patience & mental resilience to remain invested for a decade or more.  18. DSP regular savings fund  What?  The fund is one of the oldest hybrid funds with a 17+ year track record. The fund invests in a mix of debt & equity instruments. The larger debt component (75%+) aims to lower the impact of market fluctuations, while the equity allocation (<25%) aims to boost returns. The debt portion is mostly in highly rated debt instruments with shorter-term maturity profiles while the equity portion is well-diversified across multiple sectors & different-sized companies.  Who should invest?  Investors looking to generate a steady potential income & are okay not chasing high returns. The investors are conservative and don't like to take too much risk.  19. DSP Dynamic Asset Allocation Fund  What?  The Balanced Advantage Fund invests in a mix of equity & debt instruments and follows smart rules-based. The fund responds to changing market conditions & adjusts the equity-debt balance dynamically. As the market starts rising & stock valuations turn frothy, it reduces equity exposure & when markets fall, it looks to increase equity exposure to follow the basic investment principle of 'buy low, sell high'.  Who should invest?  Investors looking to generate a steady potential income & are okay not chasing high returns. The investors are conservative and don't like to take too much risk.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

Goals that individuals plan for themselves before marriage can vary from person to person. Sometimes the goal is to have a fit body that looks amazing in a wedding dress and at other times, the goals are more long term like buying a house of their own or a car.  Marriage is a big event in anybody’s life and it is normal to divide your goals into pre and post-marriage. However, it is not enough to just have goals. You should plan out how you are going to lead your life post-wedding to achieve these goals While money is not the only important factor in a marriage, setting concrete and judicious financial goals becomes crucial to leading a happy married life.  Below is a list of things that you can do as a married person to lead a better financial life after marriage. 1. Open a separate bank account You might already have a joint account with your spouse but that is not enough. It is always advisable to get another bank account that will be solely devoted to your monetary expenses as an individual. Having a bank account exclusively for this purpose serves many purposes other than keeping you from mixing up your finances.  It might bear witness to how independent and responsible you and your partner are. Offering each other time and space can be as important as contributing to your relationship, financial or otherwise. In the long run, it bears testimony to how invested you are in your marriage.  Moreover, being in a marriage does not have to mean that you don’t have any personal goals anymore. These individual goals can be for yourself, your parents, your child, and so on. Having a separate bank account will also prove how invested you are in yourself despite being married.  2. Talk about finances  It goes without saying that in any relationship, communication is key. In a marriage, too, it is important to keep your partner in the loop, as you have decided to live your life together. Among other things that partners should talk about, money is one of the most significant. Being actively involved in marriage also means that partners should stay aware of each other’s monetary difficulties like debts. If your partner is trying hard to pay off debts, home loans, education loans, and the like, it should be a priority to help them overcome it. Romantic gestures need not just be about taking your partner out on dates or handing them a bunch of flowers. Being the person they can depend on in times of adversity can strengthen your bond tenfold.  3. Make a priority list  One of the most important steps in navigating finances is to make lists that state your financial priorities in order. Sit down with your partner and discuss at length if rent should come first or debts, or retirement savings.  Financial planning takes into account things like emergency funds and the first step to start planning these is to place them on your priority list. Ideally, emergency funds should come before investment plans. You should also start clearing up your debts as soon as you can. This way your EMI money will be ready to be spent whenever you need it.  4. Get started with budgeting immediately  Budgeting is indispensable if you are looking to manage your finances effectively. In marriage, you need to go about every step of budgeting along with your partner as you are managing a household together. Budgeting includes your daily expenses and putting away a part of your income as savings every month.  Planning is key, be it for expected or unexpected expenses. Put aside money on regular intervals for expenses you are expecting - those can be a phone or car upgrades or even getting a new house. For unexpected expenses, save money every month as part of an emergency fund. Be in constant touch with your partner about their financial goals so that you can find out how to be compatible.    Surveys often indicate that couples might face stress in their married lives over their unregulated spending habits. Creating separate buckets of savings for different expenses is the healthiest and most systematic way of budgeting. It saves you and your partner the extra tension and ensures happy married life.  FAQs How finances are best handled in marriage? The best way to handle finances is to have an open discussion around money and expenses. Talk about the shared expenses and individual expenses. Whether you have dependents like children, siblings and parents? Try to have two separate accounts for personal expense and a joint account for shared expenses. Plan and save for major events like raising a child, their education, buying a house and trip. What is the best way to budget in a marriage? The right way to budget in a marriage is to discuss the income resources and expenses with each other. Divide the expenses, find out how much you and your partner can contribute and follow the 50-30- 20 rule. Herein you can dedicate 50% of your shared income towards household needs, 30% towards wants and 20% towards savings. Who should be in charge of the finances in a marriage? Both partners should be equally in-charge and responsible for finances in a marriage. Its important to budget, save and investment as partners and discuss the well of contribution towards shared expenses openly. Conclusion Managing finances together with your spouse might not always be easy because as individuals you might have different monetary goals and spending habits. Nevertheless, keeping judgments at bay and instead, helping each other overcome their unhealthy lifestyles and financial adversities can go a long way in securing your marriage.  You can start your investment journey right away with your partner by downloading the EduFund app. Consult an expert advisor to get the right plan TALK TO AN EXPERT

One of the largest AMCs in India, DSP has been helping investors make sound investment decisions responsibly and unemotionally for over 25 years. DSP is backed by the DSP Group, an almost 160-year-old Indian financial giant. The family behind DSP has been very influential in the growth and professionalization of capital markets and the money management business in India over the last one-and-a-half centuries. About DSP Healthcare Fund Direct-Growth Investment objective The primary investment objective of the scheme is to seek to generate consistent returns by predominantly investing in equity and equity-related securities of pharmaceutical and healthcare companies.  https://www.youtube.com/shorts/tucVrl2K7Vw Investment process   This thematic fund invests in established & upcoming companies in the pharmaceutical & healthcare space in India and internationally (primarily, in the United States). While selecting stocks, they focus on their growth, value, and stability. In portfolio construction, they maintain a judicious balance between sub-segments and maintain liquidity considered for stock sizing.  Portfolio composition  The portfolio major exposure of 40% in large cap followed by 23% in small cap. The top 3 sectors hold nearly 94% of the portfolio, with major exposure to Pharmaceuticals and Biotechnology. Note: Data as of 30th Nov 2022. The bar graph shows the top 5 sector weightage of the fund’s portfolio. Source: dspim.com  Top 5 holdings Name Sector Weightage % Sun Pharmaceuticals Industries Ltd. Pharmaceutical 16.48 Cipla Ltd. Pharmaceutical 9.33 Apollo Hospitals Enterprise Ltd. Healthcare Company 6.96 IPCA Laboratories Ltd. Pharmaceutical 5.42 Lupin Ltd. Pharmaceutical 5.41 Note: Data as of 30th Nov 2022. Source: ICICI Pru DSP Healthcare Fund Direct-Growth: performance over 4 years  If you would have invested 10,000 at the inception of the DSP Healthcare Fund, it would be now valued at Rs. 22,427. This fund has outperformed the benchmark in all time horizons. Note: Performance of the fund since launch. Inception date – Nov 30th, 2018. Source: Moneycontrol  The DSP Healthcare Fund has given consistent returns and has outperformed the benchmark over the period of more than 4 years by generating a CAGR (Compounded Annual Growth Rate) of 22.01%  Fund Managers  Chirag Dagli: Chirag has a total work experience of Over 20 years. He joined DSP Investment Managers in November 2020 as Vice President in Equity Team. He is a Chartered Accountant (ICAI India) and also holds a Bachelor of Commerce Degree.  Vinit Sambre: Total work experience of 16 years. Vinit joined DSPIM in July 2007, as Portfolio Analyst for the firm's Portfolio Management Services (PMS) division, which manages discretionary accounts and provides advisory services to institutional clients.  Jay Kothari: Total work experience of 20 years. Vice President & Product Strategist -Jay has been with DSP Investment Managers since May 2005. He completed his Bachelor of Management Studies (Finance & International Finance) from Mumbai University, followed by an MBA in Finance from Mumbai University.  Who should invest?  An experienced investor with a well-defined core portfolio.  Investors with high patience understand that sectoral bets may come with changing cycles.  Why invest?  Offers the potential to grow your wealth & 'earn big' returns if this theme does well (a high-risk, high-return strategy).  Can help you beat the impact of rising prices over the long term.  Horizon  One should look at investing and holding the investment for more than 7 years.  Investment through a Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.  FAQs Who should invest in DSP Healthcare Fund?  An experienced investor with a well-defined core portfolio.  Investors with high patience understand that sectoral bets may come with changing cycles.  What has DSP Healthcare Fund Direct-Growth performance been like over 4 years?  If you would have invested 10,000 at the inception of the DSP Healthcare Fund, it would be now valued at Rs. 22,427. This fund has outperformed the benchmark in all time horizons. The DSP Healthcare Fund has given consistent returns and has outperformed the benchmark over the period of more than 4 years by generating a CAGR (Compounded Annual Growth Rate) of 22.01%  What is DSP Healthcare Fund Direct-Growth's investment approach? This thematic fund invests in established & upcoming companies in the pharmaceutical & healthcare space in India and internationally (primarily, in the United States). While selecting stocks, they focus on their growth, value, and stability. In portfolio construction, they maintain a judicious balance between sub-segments and maintain liquidity considered for stock sizing.  Conclusion  This DSP Healthcare Fund offers favourable sector dynamics - Rising income levels, increasing health consciousness, and government policies mean an increase in healthcare spending, so companies in this space could do well. This scheme is suitable for an investor with a high-risk appetite and who believes in high-risk high rewards.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

How to choose the right mutual fund that can generate the best returns is the most common question among investors. We often judge a mutual fund by its past returns. But that is not enough; you need to make sure the future returns from the fund are also lucrative.   Mutual funds are of different types like large-cap, small-cap, and ELSS, among others. Once you have decided to invest, you must choose where to invest. Knowing about the basic factors that shape investment decisions can help you decide which mutual fund you want to opt for.  Two things you need to do to get started before you choose the right mutual fund 1. Setting a goal One of the most significant aspects of investing is being clear about your goals. A goal can be anything - buying a car worth 5 lakhs, a retirement scheme worth 1 crore, or an apartment worth 5 crores.  Any kind of goal requires a time horizon to function. Say, the goal of purchasing a car can be achieved within a time period of 5 years, or that of getting an apartment within 15 years. Retirement plans have longer time horizons - almost 20 to 30 years. Thus, while investing, you need to set a clear goal according to the time horizon for achieving it.   2. Calculating risk appetite  Once you have set your goal(s) and time horizon, the next thing that you need to analyze is your risk appetite. As the name suggests, risk appetite is your ability to withstand potential losses that might be incurred while investing. Risk-taking is an important aspect of investment. Why? Because the higher the risk, the greater tend to be the returns.  Time horizon becomes an important factor in calculating risk appetite. With a longer time horizon, the capacity to take risks also increases. This is because your investment return rates might decrease but they will still have a longer time window to recover.  What is an equity mutual fund?  Once you are clear about your goals and have calculated the time horizon and risk appetite, you can familiarise yourself with the different kinds of mutual funds so that you can choose the most suitable one for yourself. The first type is called Equity mutual funds in which the basic idea is to invest in the shares of various companies. Here, the fund manager will put your money in the stock market to avail the best returns from it. The returns from such investments depend highly on the market condition, thus, increasing the risk factor in equity mutual funds. But since higher risks mean more returns, you can opt for equity mutual funds if your time horizon is more than 7 years to accommodate for increased risk.   What are the different types of equity mutual funds? Equity mutual funds can be of 4 types based on the level of risk and returns. 1. Large-cap mutual funds The first one is called large-cap mutual funds. They invest in Indian companies that are considered to be in the top 100 in terms of their market value. Here, you invest in shares of famous companies like Reliance, HDFC, and Infosys. The risk involved is moderate and the return rate is about 15%. This can be your go-to if you have a larger time horizon.   2. Mid-cap mutual funds Mid-cap mutual funds invest in Indian companies that are in the top 101 to 250 in terms of market value like Voltas, JK Cement, and Avenue Supermarts. The risk involved in mid-cap mutual funds is higher than that of large-cap funds but the return rate is also more - about 17-18%. The time horizon for mid-cap mutual funds has to be at least 7-10 years to have a suitable risk appetite.   3. Small-cap mutual funds Small-cap mutual funds are ones that invest in companies that are beyond the top 250 in the country. This means that the amount of volatility is increased and so is the risk involved. The bright spot here is that these mutual funds can also get you the highest returns which are at times over 25%. 4. ELSS mutual funds Equity Linked Saving Schemes or ELSS is the third type. This scheme is a dedicated mutual fund allowing investors to save taxes. Here, you have the option to take a deduction of about 1.5 lakhs which will allow you to save almost 46,800 INR in taxes. It, however, has a lock-in period of about 3 years, meaning you won’t be able to withdraw money from this fund for 3 whole years. The purpose is to make you stay invested longer and receive higher returns - about 17-18%. The risk factor is higher than that of large-cap funds but ELSS is ideal if you’re looking to make long-term investments while also enjoying tax benefits.  What is a Debt mutual fund?  Debt funds invest in government securities, corporate bonds, treasury bills, and other such money-market instruments. Unlike equity funds, they do not get affected by market fluctuations and generate fixed returns. If you are looking for low-risk investments, you can opt for debt funds. Since debt funds are low-risk investments, the time horizon required can be about 5 years. The expected return rate might range from 7% to 12%.  A liquid debt fund is a kind of debt fund where you can put your surplus money. This can be utilized for short-term goals, say, for purchasing a laptop or planning a vacation. These generate returns of almost 7% - 9% which is a huge improvement on the 3% - 4% that bank accounts can generate. Liquid debt funds are also a brilliant way to save up for emergencies. One way to secure your equity investments as you inch closer to your goal is to move them to debt investments as debt funds have a low-risk factor.  What is a Hybrid mutual fund? As the name suggests, hybrid mutual funds are a combination of equity and debt funds. This fund is often chosen by low-risk investors because despite offering low risk, it generates better returns than debt funds.  If you are insecure about the high risks involved in Equity mutual funds, you can opt for a hybrid mutual fund. It allows you to partially test out equity investments without being exposed to all the risks. The return rates range from 13% - 14% and goals with shorter time horizons of about 3 years are ideal for this investment.  What is the significance of the expense ratio and exit load?  The expense ratio is the money charged to you by the assets management company for managing your funds. The higher the expense ratio, the lower the returns from an investment. Thus, it is wise to invest in a fund with a low expense ratio.  Another thing you need to know while investing is the exit load or the sum you pay while withdrawing the money from the fund. The purpose of exit load is to stop investors from exiting the fund prematurely. The exit load usually becomes nil after a year of investment. Thus, it is beneficial to be aware of the terms and conditions.  Once you have considered things like goals, time horizons, and risk appetite, you can choose from the different types of mutual funds. Next, you can check out the expense ratio and exit load of the chosen scheme. Good performance in the past might not be guaranteed the same in the future. Nevertheless, it is wise to check out the track record of the fund manager.  A wise thing to do is invest your money in different funds instead of investing all of it in one. Once you have followed all these steps systematically, choose the right mutual fund. FAQs How do I know which mutual fund is best for me? Here is a checklist to help you determine the best mutual fund category: Identify your goals Find out your risk profile Find out your time horizon Figure out the amount needed for goals Talk to a financial advisor What are the different types of mutual funds? There are many categories within mutual funds such as equity, debt, and hybrid. There are further categories like small-cap, mid-cap, and large-cap, multiple-cap mutual funds as well. What is an expense ratio in mutual funds?  The expense ratio is the money charged to you by the assets management company for managing your funds. The higher the expense ratio, the lower the returns from an investment. Thus, it is wise to invest in a fund with a low expense ratio.  What is a Hybrid mutual fund? Hybrid mutual funds are a combination of equity and debt funds. This fund is often chosen by low-risk investors because despite offering low risk, it generates better returns than debt funds.  What is a Debt mutual fund?  Debt funds invest in government securities, corporate bonds, treasury bills, and other such money-market instruments. Unlike equity funds, they do not get affected by market fluctuations and generate fixed returns.

What is Market capitalization? The market capitalization of a company is the number of outstanding shares of that particular company multiplied by the price of each share. It is an indicator of the size of the company based on its market value. Market Capitalisation = (Number of shares outstanding) * (Share Price) Market capitalizations of companies are broadly classified into three types - Market CapitalisationRank In CountryExampleLarge CapGreater than Rs 20,000 CrTop 100 CompaniesReliance Industries, InfosysMid CapGreater than Rs 5000 Cr, but less than Rs 20,000 CrRank among 100-250 companiesCastrol India, LIC Housing FinanceSmall CapLess Than Rs 5000 CrRanked lower than 250Hathway Cable, Thyrocare Technologies Ltd Companies with large market capitalizations are typically market leaders in their respective sectors and are considered to be reliable. These companies also have strong financials which aid in maintaining stability despite market fluctuations and economic conditions/downturns. These stocks tend to underperform when compared to small-cap and mid-cap companies with respect to returns. However, they also tend to offer low volatility and high stability; and hence are suitable for risk-averse investors. Funds that invest a large % of their total assets into companies with high/large market capitalization tend to be more stable than others. These funds are known to often generate a profit for their investors due to the stable performance of their underlying securities. These funds are suitable for investors looking to invest for a long-term horizon of 5-7 years. These funds stay strong and deliver stable returns despite the economic downturns (bear market) and hence are suitable for investors looking for low-risk options for wealth creation. Scheme NameReturn 1 Year (%) DirectReturn 3 Year (%) DirectReturn 5 Year (%) DirectDaily AUM (Cr.)Canara Robeco Bluechip Equity Fund57.9417.7518.382,250.25Axis Bluechip Fund46.3216.5518.3425,134.85Kotak Bluechip Fund66.7014.1115.632,392.31BNP Paribas Large Cap Fund51.6814.0315.111,041.16Mirae Asset Large Cap Fund61.4713.7717.7823,976.51UTI Master share Fund62.3513.4815.367,823.84 Let us now take a look at 6 large-cap funds that have delivered good returns over the past few years and how they have performed. 1. Canara Robeco Bluechip Equity Fund Minimum Investment Amount (Lump Sum)Rs 5000Minimum SIP Investment AmountRs 1000Expense Ratio 0.58% Performance The fund has delivered an annualized return of 17.75% over the last 3 years and has constantly outperformed its benchmark (S&P BSE 100 Total Return Index). The fund has also outperformed other funds and the category average. Pros The expense ratio is on the lower end Fund has higher 1-year, 3-year, and 5-year returns as compared to the category average. Cons None 2. Axis Bluechip Fund Minimum Investment Amount (Lump Sum)Rs 5000Minimum SIP Investment AmountRs 500Expense Ratio 0.50% Performance The fund has delivered an annualized return of 16.55% over the last 3 years and has constantly outperformed its benchmark (NIFTY 50 Total Return Index). The fund has also outperformed other funds and the category average. Pros  The expense ratio is on the lower end Fund has higher 3-year and 5-year returns as compared to the category average. Cons The AUM of the fund is greater than 15,000 Cr. The performance of the fund with respect to the returns stagnates when the fund crosses this AUM threshold. Investors should keep an eye on the performance by monitoring the returns of the fund. 3. Kotak Bluechip Fund Minimum Investment Amount (Lump Sum)Rs 1000Minimum SIP Investment AmountRs 100Expense Ratio 0.92% Performance The fund has delivered an annualized return of 14.11% over the last 3 years and has constantly outperformed its benchmark (NIFTY 50 Total Return Index).  Pros The expense ratio is on the lower end Fund has higher 3-year and 5-year returns as compared to the category average Cons None 4. BNP Paribas Large Cap Fund Minimum Investment Amount (Lump Sum)Rs 5000Minimum SIP Investment AmountRs 300Expense Ratio 1.02% Performance The fund has delivered an annualized return of 14.03% over the last 3 years and has constantly outperformed its benchmark (NIFTY 50 Total Return Index).  Pros The expense ratio is on the lower end Fund has higher 3-year and 5-year returns as compared to the category average. Cons None 5. Mirae asset Large Cap Fund Minimum Investment Amount (Lump Sum)Rs 5000Minimum SIP Investment AmountRs 1000Expense Ratio 0.54% Performance The fund has delivered an annualized return of 13.77% over the last 3 years and has constantly outperformed its benchmark (NIFTY 100 Total Return Index).  Pros The expense ratio is on the lower end Fund has higher 1-year, 3-year, and 5-year returns as compared to the category average. Cons The AUM of the fund is greater than 15,000 Cr. The performance of the fund with respect to the returns stagnates when the fund crosses this AUM threshold. Investors should keep an eye on the performance by monitoring the returns of the fund. 6. UTI Master share Fund Minimum Investment Amount (Lump Sum)Rs 5000Minimum SIP Investment AmountRs 1000Expense Ratio 1.02% Performance The fund has delivered an annualized return of 13.48% over the last 3 years and has constantly outperformed its benchmark (S&P BSE 100 Total Return Index).  Pros  The expense ratio is on the lower end Fund has higher 1-year, 3-year, and 5-year returns as compared to the category average. Cons None FAQs What is Market capitalization? The market capitalization of a company is the number of outstanding shares of that particular company multiplied by the price of each share. It is an indicator of the size of the company based on its market value. Which large-cap funds to invest in 2023? Here are some of the best large cap funds to invest in 2023: Canara Robeco Bluechip Equity FundUTI Master share FundMirae asset Large Cap FundBNP Paribas Large Cap Fund This is not an investment advise. Please consult a financial expert before starting any investments. What is a large-cap fund? Funds that invest in companies with large market capitalizations that are typically market leaders in their respective sectors and are considered to be reliable, are called large-cap funds. Large cap companies such as Reliance, TATA Steel, Apple, Microsoft and many more. Conclusion Listed above were the best large-cap mutual funds to invest in 2021. You can start investing in them through the EduFund platform by just downloading the app and signing up. DisclaimerMutual fund investments are subject to market risks. The past performance of any fund is no surety of its future performance. Please do your own research on the risks associated.