The schemes were from different categories such as aggressive hybrid, ELSS, flexi cap, large cap, mid cap fund category. Three flexi cap funds, two mid cap funds, a large cap, aggressive hybrid and an ELSS fund had NAVs of more than Rs 1,000.
In the past three years, several Tax Saving Equity Linked Savings Scheme (ELSS) funds have given very high returns. As per the data available available on Association of Mutual Funds in India (AMFI) website, as of 21 April 2023, there are 12 ELSS funds that have given a return of over 28 per cent under the direct plan. aaa
Mirae pivots to ETFs, discourages large flows to select funds
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Mirae Asset Mutual Fund, one of India’s largest active fund managers, has signalled a strong push towards passively managed exchange-traded funds (ETFs).
After launching multiple ETFs over the past few years, Mirae explicitly spelled out its push for passive funds at an online interaction on Friday.
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I am new to SIP investments. I started investing in ELSS funds for tax saving in 2016. After browsing various knowledge sharing websites, I have added the remaining funds. I have target of 15 years to 20 years. Kindly guide whether the portfolio I have built is on the right track? I have a nine-month-old daughter. My long-term goal is to raise funds for her education and marriage. The details of the portfolio are as follows: