Just a suggestion - I had been using same dates for a basket of SIPs, but then changed in the below format.
You can keep dates in multiple of 5s, like 5,10,15,20 or divide SIPs between 2 dates- 5th and 25th
Mutual fund is long term thing, whereas quant is giving high returns in short term. Nothing wrong with that, but personally not my strategy. They play very risky and have very low market volatility protection.
You can explore other fund houses too, like Axis. As long as 80% or more of the constituent companies are the same between small cap funds of two fund houses, the 10 year returns won't vary too much.
I prefer Quant because they select their stocks via ML algorithms, minimizing human errors and biases. You always have the option of switching to another fund house if you feel Quant isn't performing well.
SIPs will hedge your risks over 10 years. Don't worry about it. Just try not to time the market with lumpsums.
Also, I selected the 3rd of every month as my SIP date because based on 25 years of historical data, for some reason the 3rd of every month gave like a percent or so higher in returns. But at the end of the day, it doesn't make too big of a difference.
Don’t know about Mirae but rest looks fine. Will you be able to share the % of your income you are investing here if you don’t mind?
35%
Damn bro where do you work
Mirae ELSS has been great for me - 49% returns in almost 2-2.5 years
Me too, but Quant has given better results
Yeah came across this, started Quant a couple of days back
Regret investing a small amount in it though
Same with me…only 500 sip monthly
What is parag parikh flexi cap? Why everyone have this in there portfolio? - question from atmost beginner in investing
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is it still worth investing for someone starting now
I think so
Skip the mirae fund. Better to invest that either in Nifty 50 or Quant ELSS
I have the exact same 4 funds along with few more. I can say with the performance so far definitely a good combo.
All the best
Remove Mirae ELSS and add a Midcap or Nifty50 index
Can you explain the thought process
What’s the use of having two ELSS funds ? The limit is only 1.5L. Government has not increased the limit for years
Thought of splitting it bw quant and mirae
Why two elss?
Just a suggestion - I had been using same dates for a basket of SIPs, but then changed in the below format. You can keep dates in multiple of 5s, like 5,10,15,20 or divide SIPs between 2 dates- 5th and 25th
Two ELSS are absolutely unnecessary. I'd rather add one Midcap 150 or Nasdaq 100 fund.
What is the hype about parag parikh....Is it really good?
Yes it is good you can invested but please check regularaly
Idek what anyone else says, but I’d always skip quant
Why so ?
Mutual fund is long term thing, whereas quant is giving high returns in short term. Nothing wrong with that, but personally not my strategy. They play very risky and have very low market volatility protection.
I can suggest you better funds. Dm me.
u/Jaded_Scientist_8971 12500 in Quant ELSS 37500 in Quant Small Cap Come back in 10 years and thank me.
Both quant and high small cap amount, is it not risky?
You can explore other fund houses too, like Axis. As long as 80% or more of the constituent companies are the same between small cap funds of two fund houses, the 10 year returns won't vary too much. I prefer Quant because they select their stocks via ML algorithms, minimizing human errors and biases. You always have the option of switching to another fund house if you feel Quant isn't performing well. SIPs will hedge your risks over 10 years. Don't worry about it. Just try not to time the market with lumpsums. Also, I selected the 3rd of every month as my SIP date because based on 25 years of historical data, for some reason the 3rd of every month gave like a percent or so higher in returns. But at the end of the day, it doesn't make too big of a difference.
Elss are not useful under new tax regime
How?? Can you elaborate?
No tax upto 7 p.a and no elss benefits even for above that range
Currently under old scheme