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    Mutual Fund Corner: Should I sell IDFC MultiCap Fund Direct?

    Mutual Fund Corner: Should I sell IDFC MultiCap Fund Direct?

    Mutual Fund Corner: Should I sell IDFC MultiCap Fund Direct?
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    By CNBC-TV18  IST (Published)

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    Q: 23-year-old Raunak Rajpal writes us from Mumbai. Investing in IDFC MultiCap Fund Direct for more than three years. Fund has clearly underperformed its benchmark and peers. Should I stop my SIP of Rs 83,000 now or wait for another 2-3 years? If suggesting to stop, please advise better multicap, large and midcap funds for long term.
    A: I am assuming this is one of your many SIPs since it is advisable to diversify in more for superior, risk-optimal returns. Yes, IDFC MultiCap has been under quite some stress since the past couple of years especially the past year given its high exposure to midcaps, which were under quite some stress. We expect a turnaround in the time to come.
    However, it is advisable to move out of it and into relatively better opportunities in the multicap, large and midcap fund space. You could perhaps take a look at Mirae Asset Emerging BlueChip, Birla Equity Advantage in the large and midcap category and Franklin India Equity, Kotak Standard MultiCap in the multicap category. These funds have consistently delivered good risk-optimal returns and we expect the same to be continue.
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