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Mutual Fund Expert - Answered on Oct 17, 2023

With over 16 years of experience in the mutual fund industry, Ulhas Joshi has helped numerous clients choose the right funds and create wealth.
Prior to joining RankMF as CEO, he was vice president (sales) at IDBI Asset Management Ltd.
Joshi holds an MBA in marketing from Barkatullah University, Bhopal.... more

Question by sedrick on Jul 17, 2023Hindi

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Is NIPPON INDIA ETF NIFTY NEXT 50JUNIOR worth investing for a long term via sip ?

Ans: Hello Sedrick and thanks for writing to me. Nippon India Nifty Next 50 ETF is an exchange traded fund that tracks the Nifty Next 50 Index. As it is an ETF, you can purchase or sell the units in the open market.

You can consider investing in it for the long run.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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I am doing SIP in following mutual funds: Nippon India Equity Hybrid Fund – Gr: 4000/month Nippon India Small Cap Fund – Gr: 4000/month Aditya Birla Sun Life MNC Fund Gr: 4000 /month Franklin India Prima Fund Gr: 4000/month Motilal Oswal Multicap 35 Fund – Gr: 10000/month SBI Equity Hybrid Fund – Gr: 4000/month In all of these, Nippon India Equity, which was earlier Reliance, is not doing good. Could you please let me know should I continue investing like this or should I switch to other SIP plans?

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Name of the Fund	Category	RankMF Star Rating
Nippon India Equity Hybrid Fund – Gr	Hybrid - Aggressive Hybrid Fund	3
Nippon India Small Cap Fund – Gr	Equity - Small cap Fund	2
Aditya Birla Sun Life MNC Fund Gr	Equity - Thematic Fund - MNC	4
Franklin India Prima Fund Gr	Equity - Midcap Fund	2
MotilalOswal Multicap 35 Fund – Gr	Equity - Multi Cap Fund	5
SBI Equity Hybrid Fund – Gr	Hybrid - Aggressive Hybrid Fund	5

You may continue with the 5- & 4-star rated funds and for others you can consider these:

Aggressive Hybrid: Suitable options considering quality and value for money at present levels are Axis Equity Hybrid Fund and Tata Hybrid Equity Fund

Midcap: Suitable options considering quality and value for money at present levels are Motilal Oswal Midcap 30, DSP Midcap and Axis Midcap

Small cap: Suitable options considering quality and value for money at present levels are Kotak Small Cap and Axis Small Cap

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