Hi, I am 45 years old and have invested in below Mutual Funds from last 2 years:
a) ICICI Prudential Value Discovery Fund Direct Plan b) Axis Mid Fund Direct Plan and c) Nippon India Small Cap Fund - Direct Plan - Growth Plan.
Let me know if these MFs are good or needs to be changed. If yes, what is ur suggestion?
Ans: We don't know your risk appetite and goals but by the looks of your investments, we believe you have a long term horizon couple with aggressive risk profile. Last couple of months have seen fair value emerging in Midcap and Smallcap segment. Therefore, its a good time to exit your laggards. While the other two can be continued, Axis Midcap Fund can be replaced. The AMC is going through a lot of changes and while some of the funds have made a strong comeback, its risk-adjusted returns remains on the lower side.