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Category: Mutual Funds

  • Four years with Aditya Birla Sun Life MNC Fund

    My journey with Aditya Birla Sun Life MNC Fund completes four years and continues in its fifth year. Nothing much has happened here except that I have now paused my SIP in the fund considering its underperformance.

    Is this a regular or a direct plan? It’s both. I started with a regular plan with help of MFD and then from Sep-2020 I started investing in the direct plan as well. The charts below are for both of them combined. My investment is equally split between the regular and direct plan.

    Did I beat the Nifty 50 Index? No. Since last two and half years, my investment has underperformed the Nifty 50 Index.

    Did I at least beat other similar thematic funds? No. As this was a thematic fund I decided to compare with other funds in the same category. For this I chose SBI Global Magnum Fund. I wanted to understand if the underperformance was across all the funds in the category. But my investment has underperformed even SBI Magnum Global Fund. In fact, SBI Magnum Global Fund managed to beat the Nifty 50 Index.

    Am I going to continue investing in it? No, my SIP is paused.

    Considering my SIP is paused am I planning to redeem my investment? Yes, but not right away. I am hoping that someday—someday—it beats Nifty 50 Index or at least comes up with XIRR of 12% for me to sell.

    Investment through the years

    Returns

    Profit

    XIRR

    Related reading:

  • Four years with Axis Bluechip Fund

    My journey with Axis Bluechip Fund completed four years and continues onto the fifth. One key thing that happened during the last year was the Axis MF front running case and subsequent barring of 21 entities from the capital markets. And with that I also learnt about what is front running.

    Is this a regular or a direct plan? It’s both. I started with a regular plan with help of MFD and then from Sep-2022 I started investing in the direct plan as well. The charts below are for both of them combined. Regular plan holds 86% of my investment while the direct plan holds the remaining 14%.

    Did I beat the Nifty 50 Index? No. Since last one and half years, my investment has underperformed the Nifty 50 Index and the performance gap seems to be getting larger.

    Am I going to continue investing in it? Yes, at least for next one year via the SIP route.

    Did I make any lumpsum purchases in-between? No

    Am I worried about the front running case? Yes. But with SEBI and Axis MF acting on it I have decided to continue.

    Investment through the years

    Returns

    Profit

    XIRR

    Related reading:

  • Four years of SIP with Mirae Asset Emerging Bluechip Fund

    For me, any investment that beats Nifty 50 Index is good. And Mirae Asset Emerging Bluechip Fund has beaten Nifty 50 Index nearly 100% of times during the last four years. And that too with a regular plan.

    However since Oct-2021, the profits have remained more or less flat even though my SIPs have continued. And this has impacted my XIRR which is now down from its high of 45+% to 15%. It now very close to getting beaten by the Nifty 50 Index.

    Investment through the years

    Returns

    Profit

    XIRR

    Related reading:

  • Three years with Franklin India Prima Fund

    Three years ago I was searching for a mid cap mutual fund and I came across Franklin India Prima Fund1. I decided to go ahead with it as it was one of the oldest funds starting way back in 1993. Initially I used to invest only lumpsum amount as when I had surplus. But starting Aug-2021 I decided to start an SIP in the fund. During the market crash of COVID-19, I continuously invested in the fund accumulating units at a lower price.

    Franklin India Prima Fund has been outperforming the Nifty 50 Index ever so slightly. But a better comparison will be another actively managed madcap fund. So, I am comparing it against PGIM India Midcap Opportunities Fund2. And against that, Franklin India Prima Fund has underperformed by a huge margin. Had I invested in PGIM India Midcap Opportunities Fund I would have made an XIRR of 45% compared to 25% of Franklin India Prima Fund. Ouch!

    But despite the underperformance, I am planning to continue my SIP in near future with hope that it is able to match the performance of its peer mutual funds.

    Returns

    Profit Percent

    XIRR

    Footnotes

    1. I am investing in direct plan.
    2. I am comparing the direct plans of Franklin India Prima Fund and PGIM India Midcap Opportunities Fund

  • Four years of SIP with DSP Tax Saver Fund

    Last year I blogged about 3 years with DSP Tax Saver Fund and L&T Tax Advantage Fund. I continued with DSP Tax Saver and discontinued L&T Tax Advantage Fund. Below are my key takeaways.

    • I started investing in this fund entirely based on my (limited) research.
    • My first couple of instalments were in regular plan before realising that there is something called as direct plan which has lower expense ratio (thank you Economic Times). I switched to direct plan after first three instalments. The below analysis is combination of both regular and direct plans.
    • From 2021 I started another SIP in the fund so you will see more steps in my ‘Return’ chart.
    • I used the COVID market crash to buy more units as lump sum investments.
    • My investment in DSP Tax Saver is beating Nifty 50 Index. Yay! At least of now. And I am planning to continue with this fund in near future.

    Returns

    Profit

    XIRR

    Related reading

  • Three years of SIP with Aditya Birla Sun Life MNC Fund

    Three years ago I started investing in Aditya Birla Sun Life MNC Fund with advice from my MF advisor. The fund invests mainly in the shares of multinational companies which was very different from the large cap funds. So I decided to invest more in it via direct plan while also continuing my regular plan. So my returns here are combination of regular and direct plan of Aditya Birla Sun Life MNC Fund. Below are my key takeaways.

    • I have a monthly SIP in both regular and direct plan.
    • For me, the fund has been underperforming Nifty 50 Index since Oct-2020.
    • I am planning to continue with this fund in the near future.

    Return

    Profit

    XIRR

  • Three years of SIP with Axis Bluechip Fund

    Three years ago I started investing in Axis Bluechip Fund with advice from my MF advisor. As it was via a distributor it is a regular plan. Below are my key takeaways.

    • I have a monthly SIP and I haven’t missed any instalment.
    • Till Sep-2021, my returns with Axis Bluechip Fund was comparable to that of Nifty 50 Index Fund. But post that, there has been a sustained underperformance which has only increased during the recent market crash.
    • I am planning to continue with this fund in the near future.

    Returns

    Profit

    XIRR

  • Three years of SIP with Mirae Asset Emerging Bluechip Fund

    Three years ago I started investing in Mirae Asset Emerging Bluechip Fund with advice from my MF advisor. As it was via a distributor it is a regular plan. Below are my key takeaways.

    • I have a monthly SIP and I haven’t missed any instalment. In fact I wanted to increase my SIP amount but Mirae Asset has restricted further inflows in the fund.
    • My investment in Mirae Asset Emerging Bluechip Fund has outperformed Nifty 50 Index fund—that too with regular plan where I have higher expense ratio.
    • The best XIRR that I saw was in Sep-2021 where it went till 45%. Since then due to market correction it is now at 25%.
    • I am planning to continue with this fund in the near future.

    Return

    Profit

    XIRR

  • Four years with Motilal Oswal Long Term Equity Fund

    Last year I blogged about three years with Motilal Oswal Long Term Equity Fund. I continue to hold this fund and continue to be in dilemma that should I completely exit it. Now that all my units in this fund have completed 3 years, I can exit this fund. The world has changed in last one year—Covid is (nearly) gone, war has started and much more. I did not make any further investments in this fund.

    Returns

    Profit

    XIRR

  • Three years with Motilal Oswal Long Term Equity Fund

    Three years ago I went on a quest to save taxes by investing in something other than PPF. I invested in three ELSS funds and soon realised that it was too many. I have already blogged about my experience with DSP Tax Saver and L&T Tax Advantage. Here I will talk about Motilal Oswal Long Term Equity Fund, where I invested only for one year via monthly SIP.

    One significant activity during my SIP was that – this fund had invested in Manpasand Beverages and in May 2018, the auditor for Manpasand Beverages resigned sending the stock price into a free fall. I remember Motilal Oswal Fund sending an email explaining the situation.

    SIP Return

    I think, I think, the underperformance that started from Oct 2018 was a direct result of Manpasand Beverages fiasco.

    Profit

    XIRR

    I plan to sell off my entire holding in this fund by next year when all my units have completed 3 years and hope by that time the XIRR will have improved from current level of 12%.

    NOTE: XIRR for initial months varies wildly and is not useful for any analysis. But once the investments complete minimum of 1 year, XIRR gives me a much better picture. So I calculate ‘XIRR (>1 year)’ which calculates XIRR only for the investments which have completed minimum of one year while ‘XIRR’ continues to calculate for all the investments irrespective of how much time has been completed. There are some periods where ‘XIRR’ and ‘XIRR (>1 year)’ calculate to the same amount as for that time all my investments had completed more minimum of 1 year.