SillyDonut

TCS

Best Direct Sips

One of my relatives wanted to invest in SiPs.

Asked my help coz am into direct stocks buying and USA market also. ( Made 10x in last 8y)

So, i checked his phone and got only Paytm and phonepe through which I could have subscribed sips.

But all of sudden I saw expenses like exit load and fund management 2% and 1% respectively.

So, i referred grow and alas! The same charge reduced to 0.XY % ( x and y = 0,1...9)

Then I researched little bit and got him these fund's.

5000 per month and 40% in large cap. ( Long term 15-20y plan)

He can have moderate risk.( Got 3 kids, planning for their 20s)

Please suggest if all these funds are fine or need to change something

17mo ago

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FloatingBagel

Decimal Technology17mo

I am new to the investing world and something is there in these modern day apps that my mind says don't invest via these apps. Instead signup into the separate fund managers website and then invest. Even though it is a hassle, I am leaning towards it.

Am I thinking wrong? Your comments?

CosmicNarwhal

Salesforce17mo

Yes, you are thinking wrong. Whatever direct mutual funds you end up buying from these apps, they remain a property of you even if you switch apps from say paytm money to groww to kuvera. They are held with CDSL instead of being held by these apps.
There's no real downside of using them, and upside of having holistic view of your portfolio at one glance.

FloatingBagel

Decimal Technology17mo

Yes I know that thing. It's just that I don't want to share my data with these new companies. Maybe I am thinking too much about it. Also app like groww create demate account without asking and now kuvera is with CRED means demate account will be necessary now😅

PerkyPenguin

Enphase Energy17mo

The fuck is about that dumb preamble in your post op

CosmicNarwhal

Salesforce17mo

OP wanted social validation on his stock selection skills and financial knowledge

PerkyPenguin

Enphase Energy17mo

Seriously, I cringed out so hard reading the garbage op has written

CosmicQuokka

Paralleldots17mo

I would've just kept parag parikh and nifty50. Consolidation is better in the long run.

Itna raita failane ki need nahi koi extra edge nahi milna. Each fund would have covered few sectors, itna sara overlap hoga at the nifty50 ka barabar return haat me aaega.

As you've traded individual stocks, should have noticed suppose out of 15-20 stocks held at a time half would perform more than nifty, few would be lagging, now if you hold 100 stocks even on the offshoot chance of few stocks being 2x-3x the net net in hand would be restricted due to smaller allocation.

JumpyMochi

Capgemini17mo

These two and the ICICI NASDAQ 100.

DerpyPotato

Stealth17mo

I would recommend infrastructure stocks , especially quant infrastructure fund

SillyDonut

TCS17mo

I saw quant giving good returns, have u invested in this?

DerpyPotato

Stealth17mo

Yes, it does give decent returns but the general election could make them swing.So invest at your own risk.

ZoomyBiscuit

Swym17mo

These are some of the good funds (aiming for high returns) to start in 2024. I created this list by referring to multiple good YouTubers who are well-versed in finance.

Large cap & Mid cap:

Motilal Oswal
Canara Robeco Emerging Equity
Kotak Equity opportunities
Mirae asset emerging bluechip

Mid cap

Nippon Growth fund
Multi cap
Nippon multi-cap fund

Small cap

Quant Small cap fund
Axis Small cap
Motilal Nifty Microcap 250 - Very high risk

Multi-cap / Flexi-cap

Quant Active Fund
Paragh parikh flexi cap fund

ELSS

Quant Tax Plan
SBI Long term equity fund
Parag Parikh Tax saver fund

SillyDonut

TCS17mo

Thanks a ton dear

PerkyMochi

Murugappa Group17mo

Check the overlap between these funds. If time horizon> 10 years, stick to mid and small caps only.

QuirkyPretzel

Accenture17mo

Add Parag Praikh

CosmicDumpling

Stealth17mo

You might want to consider MFs by Quant. Have one of the best returns in the last 5 years overall and can invest in multi asset MF to reduce risk.

JumpyNoodle

NatWest Group17mo

I want to invest in a MF where it invests in international stocks. Any recommendations on this ?

SillyDonut

TCS17mo

Already mentioned in pic attached above

SparklyQuokka

PhonePe17mo

Why not nifty 50...expense ratio will be least (navi is 0.06) and in the long run might be on par with these

SillyDonut

TCS17mo

On phone pe, 0.06?

SparklyQuokka

PhonePe17mo

Direct growth is 0.06

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Curated from across

Personal Finance15mo

by CosmicHamsterOracle

50k SIP - Advice needed

Guys. 22 years old. Advice needed. 50k monthly SIP. Higher risk appetite. Any suggestions on a good mutual fund portfolio? (Please don't just say index funds)