After nearly four years of underwhelming performances in equity schemes, Aditya Birla Sun Life Mutual Fund (ABSL MF) is experiencing a revival.
During the first quarter of the 2023-24 financial year (Q1FY24), the fund house arrested its declining market share, bolstered by stronger equity fund results and subsequent ratings upgrades.
Mahesh Patil, the chief investment officer, attributes this resurgence to changes in the fund management team and adjustments to investment strategies.
Fund query: How to plan SIPs when you have home loan EMIs
×
I am 33 years old, and had been investing in MFs through the SIP route. I was planning a for long-term investment, mainly towards a retirement corpus. But two years ago, I decided to purchase a premium apartment by a very reputed builder. Since then, I have had to temporarily stop my SIP investments to manage the down-payment, EMIs and other related expenses. I currently have investments in Axis Bluechip, Kotak Multicap, ICICI Prudential Large & Mid Cap, Aditya Birla Sun Life Equity Growth, and L&T Midcap. I wanted to know if I should exit/switch from the underperforming funds. Also, recently, I started investing ₹10,000 a month in NPS as I thought it a good choice for retirement. I plan to continue SIPs in Axis Bluechip. Should I make any changes to my plan?