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Should I choose Mirae Asset Large Cap Fund or ICICI Prudential Bluechip Fund?

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ET Online|
Dec 13, 2019, 12.53 PM IST
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I am 26 years old. I want to invest in three categories of mutual funds.
Mirae Asset Large Cap Fund or ICICI Prudential Bluechip Fund
Kotak Standard Multicap Fund
SBI Small Cap Fund vs HDFC Small Cap Fund

My risk profile is moderately high. Which schemes should I choose in option 1 and 2. And, how is the portfolio?
--Arvind Chauhan

Vishal Dhawan, Founder, Plan Ahead Wealth Advisors, responds:


Considering your risk profile, which is moderately high, and your age, you may choose to maintain 100% equity portfolio if your investment horizon is 10 years or more.

Both the large cap schemes you have mentioned are good for long term investment, but Mirae Asset Large Cap is a slightly better option. However, you should remember that the scheme used to be a multi cap scheme for a large portion of its lifespan.

You may also add an index fund to diversify your investments in passive and active strategies. I would suggest HDFC Index Fund Nifty 50 Plan. You may also consider adding a mid cap fund.

In the small cap category, SBI Small Cap is a good fund, but you need to remember that the scheme does not allow a lumpsum investment, and SIP investments have restrictions of Rs 25,000 per month.

If you are planning to invest through SIP of less than Rs 25,000 per month, you can proceed with SBI Small Cap Fund. Otherwise, I would suggest you to invest in HDFC Small Cap fund.
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