Two small cap mutual fund schemes, SBI Small Cap Fund and DSP Small Cap Fund, has reopened for lumpsum investments yesterday.
One equity scheme suitable in the current scenario is Axis Bluechip Fund. The scheme is managed by Shreyas Devalkar, whose top two sectoral bets are banking and financials.
Investors who have SIPs should not panic and stop their investments.
SBI Mutual Fund has reopened its small cap scheme - SBI Small Cap Fund - for lumpsum investment after a gap of over four years.
When you invested in a mutual fund scheme, you would have earmarked each of your mutual fund schemes to specific financial goals. For example, a retirement that is twenty years away or a higher education fund for a child that is eight years away.
The market carnage over the past month has clearly tested individual models guiding each balanced advantage fund. These funds shift allocation between equity and debt in response to specific indicators given by their in-house algorithms.
Do not panic buy, since we are deep into a blind knee-jerk territory right now. This inevitably will again turn into a selling panic as something else happens tomorrow morning and back again in a couple of days.
Since NPS is a long-term retirement product, maintaining the asset allocation is the best strategy. However, it makes sense to add more equity (or g
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service