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Mutual Fund Corner: How to choose the best mutual fund scheme?

Mutual Fund Corner: How to choose the best mutual fund scheme?

Mutual Fund Corner: How to choose the best mutual fund scheme?
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By CNBC-TV18 Jan 31, 2019 7:21 PM IST (Published)

Get all your mutual fund related queries answered by our expert, Manoj Nagpal, on our show Mutual Fund Corner.

Want to invest in mutual funds but don’t know how to go about it?

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Get all your mutual fund related queries answered by our expert, Manoj Nagpal, managing director and chief executive officer, Outlook Asia Capital, on our show Mutual Fund Corner.

Q: Anantha Venkata Krishnan PV writes to us on Facebook. Please give your priority out of these: Axis Bluechip Fund, Axis Focused 25 Fund, Axis Multi Cap Fund, Tata Digital India Fund, UTI Equity Fund and Tata Banking & Financial Services Fund.
A: All the Axis Mutual Fund schemes that you have mentioned have a similar investment style with a focused approach and around 20-25 stocks in the portfolio. The difference is slightly in the market cap bias, but the underlying investment style is the same and hence there is not much differentiation in the performance.
From a longer term approach, the Axis Multicap Fund will a better choice. However, if you are looking at the short term i.e. 2-3 years, then the Axis BlueChip will be a better choice. On your other set of funds, which are thematic funds, we believe that approach should be used not as a core strategy. But if you were to choose thematic funds then, we like the consumer theme and the infra theme better than others.
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