Fund Name Year Of inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio Exit Load Parag Parikh Flexi Cap Fund Reg (G) 2013 4 Star 89703.46 cr 1.33 2.00% – 0-365 days 1.00% – 365-730 days 0.00% – >730 days HDFC Flexi Cap Fund Reg (G) 1995 4 star 66,344 1.42% <1 year 1% ; >1 year 0% Kotak Flexi Cap Fund Reg (G) 2009 2 star 50,426 1.47% 1.00% – 0-1 years 0.00% – >1 years Nippon India Multi Cap Fund (G) 2005 3 star 37,593.67 1.57% 1.00% – 0-12 months 0.00% – >12 months SBI Focused Equity Fund Reg (G) 2004 3 star 34,648 cr 1.57% 1.00% – 0-1 years 0.00% – >1 years Invesco India Multicap Fund (G) 2008 4 star 3,727.8 cr 1.89% 1.00% – 0-1 years 0.00% – >1 years Franklin India Focused Equity Fund (G) 2007 3 star 11,553.45 cr 1.78% 1.00% – 0-1 years 0.00% – >1 years Quant Flexi Cap Fund (G) 2008 – 6,829.09 cr 1.80% 1.00% – 0-15 days 0.00% – >15 days JM Flexi Cap Fund (G) 2008 5 star 5,254.65 1.81% <30 days 1% ; >30 days 0% 360 One Focused Equity Fund (G) 2014 2 star 6,885.21 cr 1.76% 1.00% – 0-12 months 0.00% – >12 months Mahindra Manulife Multi Cap Fund Reg (G) 2017 2 star 4,750.15 cr 1.82% 1.00% – 0-3 months 0.00% – >3 months Kotak Multicap Fund (G) 2021 – 15,726 cr 1.65% 1.00% – 0-1 years 0.00% – >1 years Invesco India Focused Fund Reg (G) 2020 5 star 3,360.52 cr 1.88 1.00% – 0-1 years 0.00% – >1 years Motilal Oswal Flexi Cap Fund Reg (G) 2014 5 Star 13,162 1.72% 1.00% – 0-1 years 0.00% – >1 years Parag Parikh Flexi Cap Fund Reg (G) The fund was launched in 2013 . enjoys a rating of 4 star with highest fund size in the category of 89,703.46 cr. The expense ratio of the fund is 1.33, lowest in the category. But the fund has the highest exit load. HDFC Flexi Cap Fund Reg (G) This is one of the oldest funds in the industry , currently rated at 4 star, with fund size of 66,344 cr. The fund has an expense ratio of 1.42%. Exit load of 1% before 1 year. Kotak Flexi Cap Fund Reg (G) The fund was launched in the year 2009, with a fund size of 50,426 Cr, a very large fund seized in the category , rated at 2 stars. The fund has an expense ratio of 1.47%. The exit load of the fund is 1% for less than 1 years Nippon India Multi Cap Fund (G) The fund was launched in the year 2005, rated at 3 star with fund size 37,593.67 cr. The expense ratio on the fund is 1.57%. With the exit load of 1% for less than 12 months. SBI Focused Equity Fund Reg (G) The fund was launched in 2004, the fund is rated 3 star , fund size 34,648 cr. The expense ratio of the fund is 1.57% . The exit load of the fund is 1% for 12 months. Invesco India Multicap Fund (G) This fund was launched in 2008, it is CRISIL rated 4 star fund, Small fund size even after launch of in 2008 of 3,727.8 cr. The expense ratio of the fund is 1.89%. The exit load of the fund is 1% for less than 1 year. Franklin India Focused Equity Fund (G) The fund was launched in the year 2007, It is currently rated as 3 star. With a fund size of 11,553.45 cr. The expense ratio of the fund is 1.78%. Exit load of the fund is 1% for less than 1 year. Quant Flexi Cap Fund (G) The fund was launched in 2008, it doesn’t have a CRISIL rating as of now. The fund size is not too large 6,829 cr . The fund expense ratio of 1.8%. The exit load of the fund is 1% for less than 15 days. JM Flexi Cap Fund (G) The fund was launched in 2008 , rated 5 star by CRISIL. The fund size as of now is 5,254.65 cr. The Expense ratio of the fund is 1.81%. The exit load on the fund is 1% for less than 30 days. 360 One Focused Equity Fund (G) This fund was launched in 2014, it is currently rated as 2 star. Fund size of 6,885.21 cr. The expense ratio of the fund is 1.76%. The exit load of the fund is 1% less than 1 year. Mahindra Manulife Multi Cap Fund Reg (G) The fund was launched in the year 2017, rated by CRISIL as 2 star. The fund size is small at 4,750.15 cr. The expense ratio of the fund was 1.82%. The exit load on the fund is 1% for 3 months. Kotak Multicap Fund (G) This fund was launched in 2021 with a fundsize of 15,726 cr. The fund is not rated as on date. The expense ratio of the fund is 1.65%. The exit laid on the fund is 1% for less than 1 year. Invesco India Focused Fund Reg (G) This fund is a very recent entry launched in 2020, The fund is rated 5 star by CRISIL. The fund size is small 3,360.52 cr. The expense ratio of the fund is 1.88. The exit load of the fund is 1 % for less than 1 year. Motilal Oswal Flexi Cap Fund Reg (G) This fund was launched in the year 2014, The fund is rated as 5 star by CRISIL. The Expense ratio of the fund is 1.72%. The fund size is 13,162 cr. The exit load of the fund is 1% for less than 1 year. Trailing Returns : Scheme 6 Month 1 Year 3 Year 5 Year 7 Year 10 Year 15 Year Parag Parikh Flexi Cap Fund Reg (G) -0.53 13.65 17.74 22.69 18.92 17.08 – HDFC Flexi Cap Fund
Financial planning in simple terms is a regular approach to meet one’s life financial goals. Financial planning is a process which provides you a systematic and planned way to reach these goals while avoiding any surprises . A financial plan acts as a guide throughout your life’s journey. In today’s fast-paced world, it’s easy to feel overwhelmed by financial pressures. Whether you’re saving for a down payment, planning for retirement, or simply trying to make ends meet, a solid financial plan can provide the clarity and confidence you need to achieve your goals. A Financial planner is the one who is a qualified investment professional who helps individuals meet their long-term financial objectives or goals. These professionals do their work by consulting with clients to analyse their goals, risk tolerance , and life stages , and identify suitable classes of investments for them. Why is Financial Planning Important? Increase saving : Though saving can be done without a financial plan , when you plan you get a good deal of insights on how you are saving and what expenses can you cut down. Achieve your goals: A financial plan provides a clear path to achieving your financial aspirations. Reduce stress: Knowing where your money is going can alleviate financial anxiety. Build wealth: Effective financial planning can help you grow your wealth over time. Prepare for the unexpected: A solid plan can help you weather financial storms. A solid financial planning is a very important instrument for personal finance, so lets look at what are the key steps. Key Steps to Financial Planning: Realistic Goals: Start by identifying your short-term, medium-term, and long-term financial goals and assigning them priorities. Make sure your goals are specific, measurable, achievable, relevant, and time-bound (SMART). Eg. How much would you need for child education and when would that be required. Create a Budget: Track your income and expenses. Identify areas where you can cut back. Make an elaborate sheet of all your income sources and expenses. You can use spreadsheet to look at them ( we have one created which we been using since last 10 years ) Manage Debt: Prioritize paying off high-interest debt. Consider debt consolidation options. Invest Wisely: Diversify your investments to reduce risk. Consider your risk tolerance and time horizon. Seek professional advice if needed. Protect Your Assets: Ensure you have adequate health, life, and property insurance. Create an emergency fund to cover unexpected expenses. Make Asset allocation The all the above culminates into your assets allocation What all assets and how much amount you can hold Review and Adjust: Regularly review your financial plan and make adjustments as needed As you grow your income, expenditure and lifestyle changes, you need to keep changing the plan along the way It’s not just limited to individuals, a lot of external factors also change. Seeking Professional Advice: While you can create a financial plan on your own, consider seeking advice from a qualified financial advisor. They can provide personalized guidance and help you make informed decisions. We will discuss about some duties and responsibilities of a financial planner Provide financial planning and investment advisory services Research and present investment strategies Develop and execute goals planning Implement risk management and tax planning strategies Help with estate planning Help to develop financial plan and execute the same with client Keep reviewing and make changes as and when required . In Conclusion: Think of financial planning as mapping out a journey to your desired financial future. This article delved into why creating such a plan is crucial, and provided practical steps. However, a plan remains just an idea until it’s put into action. The sooner you begin implementing your financial strategy, the simpler the process becomes, and your odds of reaching your objectives significantly improve. So, what’s holding you back? We trust you found this information valuable. If so, please consider sharing it with your network, so more people can be benefited . Should any aspect of our explanation require further clarification, please don’t hesitate to ask in the comments below or reach us . We’ll be happy to provide answers.
As your trusted financial advisor, I’ve observed market cycles, each presenting unique challenges and opportunities. The current correction, initiated in September 2024, is no exception. It’s a moment that tests our resolve and underscores the importance of a well-defined, long-term investment strategy. I understand the anxieties and questions many of you are grappling with: “Should I pause my SIP?” “Is it time to liquidate my holdings?” These are valid concerns, and I’m here to provide clarity and guidance, grounded in both experience and data. The Emotional Rollercoaster of Investing: A Human Element Let’s acknowledge the human element in investing. It’s not just about numbers; it’s about emotions. The surge from March 2023 to September 2024 generated a wave of optimism, with many investors eagerly participating in the market’s upward trajectory. However, the subsequent downturn has triggered a stark shift in sentiment, often leading to impulsive decisions driven by fear. This emotional pendulum swing is a natural human response. We are wired to seek immediate gratification and avoid pain. During bull markets, the constant positive feedback loop reinforces our belief in the market’s invincibility. Conversely, during corrections, the sight of red on our portfolio statements can be deeply unsettling. The Fundamental Principle: Rupee-Cost Averaging and Its Practical Application It’s crucial to revisit the core principle that underpins our SIP strategy: rupee-cost averaging. This approach is designed to mitigate the impact of market volatility by investing a fixed sum at regular intervals. When markets are high, your investment buys fewer units; when they are low, it buys more. This inherently averages out your purchase price over time, reducing the risk of timing the market. However, the psychological challenge lies in maintaining discipline during downturns. The allure of locking in gains during bull markets and the fear of further losses during corrections can tempt us to deviate from our long-term strategy. Illustrative Case Studies: Lessons from the Past, Data-Driven Insights To illustrate the power of disciplined investing, let’s examine the experiences of three hypothetical investors during the period from May 2014 to February 2025. We’ll use actual fund performance data to provide concrete insights. Scenario: Fund: ICICI Pru Bluechip Fund Regular Growth Investment: ₹30,000 per month Investment Date: 3rd of each month Investor Profiles: Mr. A: Stopped investing after a market peak in March 2015. Mr. B: Considered stopping after two years, seeing minimal returns in April 2016. Mr. C: Continued investing consistently through February 2025. Amount invest till 03 March 2015 Value of investment 03 March 2015 XIRR 03 March 2015 Amount invest till 04 April 2016 Value of investment 04 April 2016 XIRR 04 April 2016 Amount invest till 28 February 2025 Value of investment 28 February 2025 XIRR 28 February 2025 Mr A ₹330,000.00 ₹380,676.25 40.15 ₹330,000.00 ₹339,237.09 1.85 ₹330,000.00 ₹1,180,770.67 13.05 Mr B ₹330,000.00 ₹380,676.25 40.15 ₹720,000.00 ₹722,348.10 0.34 ₹720,000.00 ₹2,514,251.72 13.50 Mr C ₹330,000.00 ₹380,676.25 40.15 ₹720,000.00 ₹722,348.10 0.34 ₹3,900,000.00 ₹9,250,544.68 15.18 Analysis Let’s look at each investor’s journey. Mr. A: By March 3, 2015, Mr. A had invested ₹330,000. His investment value was ₹380,676.25, with an XIRR of 40.15%. However, he stopped investing at this point. By February 28, 2025, his final investment value was ₹1,180,770.67, with an XIRR of 13.05%. Mr. B: Like Mr. A, Mr. B’s investment by March 3, 2015, was ₹330,000, with a value of ₹380,676.25 and an XIRR of 40.15%. By April 4, 2016, after two years, his invested amount was ₹720,000, and his investment value was ₹722,348.10, with an XIRR of only 0.34%. He considered stopping then. However, by February 28, 2025, his investment value was ₹2,514,251.72, with an XIRR of 13.50%. Mr. C: Mr. C also started with the same figures as Mr. A and B, but he continued investing. By April 4, 2016, he was in the same position as Mr. B, with an invested amount of ₹720,000, a value of ₹722,348.10, and an XIRR of 0.34%. However, by February 28, 2025, with a total invested amount of ₹3,900,000, his investment value was ₹9,250,544.68, with an XIRR of 15.18%. Detailed Observations: Mr. A achieved a high initial XIRR but missed substantial long-term growth by stopping his SIP. If he had withdrawn his money at the 40.15% XIRR, he would have only made roughly 50,000 rupees. Mr. B faced a challenging period with minimal returns after two years, nearly halting his SIP. However, by staying invested, he achieved a respectable long-term return. Mr. C demonstrated the power of consistent investing, achieving the highest returns and wealth accumulation. He remained invested through market fluctuations. Key Insights and Takeaways from the Data: Long-Term Growth Wins: Mr. C’s results highlight the benefits of staying invested. Avoid Emotional Decisions: Mr. A and Mr. B’s experiences show the dangers of reacting to short-term market changes. The Power of Averaging: Market corrections allow for buying more units at lower prices. Wealth Creation is a Marathon: Longer investment periods yield better results. Navigating the Current Correction: A Practical, Data-Informed Approach In light of the current market correction, I urge you to adopt a proactive and disciplined approach, informed by the data we’ve reviewed. Portfolio Review: Ensure your asset allocation aligns with your risk tolerance and long-term goals. Continue Your SIP: Maintain your regular investments to capitalise on rupee-cost averaging. Resist Market Timing: As the data shows, consistent investing outperforms attempts to time the market. Stay Informed, Not Overwhelmed: Filter out market noise and focus on your long-term strategy. Consult Your Advisor: Let’s discuss your concerns and ensure your portfolio remains aligned with your evolving needs. The Indispensable Role of a Trusted Advisor As your advisor, my primary responsibility is to guide you through market cycles, providing data-driven insights and emotional support. I understand the challenges of investing, and I’m here to help you make informed decisions that align with your financial goals. Let’s schedule a time to discuss your specific concerns and refine your plan. By working together, we can navigate this market correction and ensure your portfolio remains aligned with your long-term goals. Please
Fund Name Year Of inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio Exit Load JM flexi cap fund 2008 5 star 5,012 1.81% <30 days 1% ; >30 days 0% HDFC Flexi cap 1995 4 star 66,344 1.42% <1 year 1% ; >1 year 0% Franklin India flexi cap fund 1994 4 star 17,947 1.70% 1.00% – 0-1 years 0.00% – >1 years Motilal Oswal Flexi Cap fund 2014 5 Star 13,162 1.72% 1.00% – 0-1 years 0.00% – >1 years Parag Parikh flexi cap fund 2013 4 Star 87,539 1.33% 2.00% – 0-365 days 1.00% – 365-730 days 0.00% – >730 days Kotak Flexi Cap 2009 2 star 50,426 1.47% 1.00% – 0-1 years 0.00% – >1 years DSP Flexi Cap 2007 3 Star 11,569 1.72% 1.00% – 0-12 months 0.00% – >12 months ABSL Flexi Cap fund 1998 3 Star 22,174 1.68% 1.00% – 0-90 days 0.00% – >90 days PGIM India flexi cap fund 2015 1 star 6,354 1.78% 0.50% – 0-90 days 0.00% – >90 days Quant Flexi cap fund 2008 – 7,185 1.80% 1.00% – 0-15 days 0.00% – >15 days Invesco India Flexi Cap 2022 – 2,576 1.96% 1.00% – 0-1 years 0.00% – >1 years JM flexi cap fund : The fund was launched in the year 2008, Currently CRISIL rated 5 , The fund has an expense ratio of 1.81% as the current fund size is very low. The exit load of the fund is 1% for less 30 days. HDFC Flexi cap : This is one of the oldest funds in the category launched in 1995, So a long history for the fund. Currently CRISIL is rated 4 Star. The fund enjoy’s one of the highest portfolio size of 66,344 cr , with a low expense ratio of 1.42%. Exit load is 1% for redemption less than 1 year. Franklin India flexi cap fund : This is the oldest fund in the category launched in 1994, Crisil rated 4 star. Due lack of distribution and loss of reputation during the debt crisis the fund size is low 17,947 cr , expense ratio is 1.70%. Exit load is 1% for redemption less than 1 year. Motilal Oswal Flexi Cap fund : The fund was launched in 2014, it is rated by Crisil as 5 star. The fund has a fund size of 13,162 cr with expense ratio of 1.72%. Exit load of the fund is 1% for less than 1 year. Parag Parikh flexi cap fund The fund was launched in 2013, Currently CRISIL rated as 4 star, has the highest AUM in the category of 87,539 cr, the lowest expense ratio of 1.33%. The fund has exit load 2% for redemption before 1 year and 1% for redemption before 365-730 days. Kotak Flexi Cap The fund was launched in the year 2009, currently CRISIL rated as 2 star. It has AUM of 50,426 Cr, 3rd largest AUM in the category. Low expense ratio of 1.47% . 1% for redemption before 1 year. DSP Flexi Cap The fund was launched in the year 2007, Currently CRISIL rated 3 star. The current AUM is 11,569 Cr, with expense ratio of 1.72%. 1% for redemption before 1 year. ABSL Flexi Cap fund Another fund with a long history launched in 1998, Currently rated 3 star. The portfolio size of 22,174 cr, expense ratio is 1.68% . Exit load of the fund is 1% for 90 days. PGIM India flexi cap fund The fund was launched in 2015, currently rated as 1 star. The fund has a small fund size of 6,354 cr. Expense ratio of 1.78%.Exit load 0.5% for the 90 days. Quant Flexi cap fund The fund was launched in 2008 , currently not rated by CRISIL. The fund has AUM Of 7,185 Cr. Expense ratio of 1.80%. Exit load for the fund is 1% before 15 days of investment. Invesco India Flexi Cap The fund is a recent addition to the category, launched in the year 2022. Currently not rated by CRISIL . The fund size is small of 1,985 cr. Expense ratio of 1.96%. Exit load for the fund is 1% before 1 year of redemption. Trailing Returns : Scheme 1 Year 2 Year 3 Year 5 Year 7 Year 10 Year 15 Year JM Flexi Cap Fund (G) 18.21 34.2 23.28 22.28 18.09 16.14 13.99 HDFC Flexi Cap Fund Reg (G) 18.52 26.74 21.59 22.61 16.12 14.45 15.26 Franklin India Flexi Cap Fund (G) 14.92 25.2 16.36 20.78 14.77 13.48 15.29 Motilal Oswal Flexi Cap Fund Reg (G) 27.66 34.12 19.31 16.06 11.74 13.59 – Parag Parikh Flexi Cap Fund Reg (G) 18.18 26.84 17.58 23.73 19.36 17.55 – Kotak Flexi Cap Fund Reg (G) 13.43 19.55 13.36 15.12 13 12.74 14.71 DSP Flexi Cap Fund Reg (G) 15.02 23.46 13.59 16.55 14.47 13.13 13.94 Aditya Birla SL Flexi Cap Fund Reg (G) 13.65 21.33 12.94 16.02 12.68 13.03 13.91 PGIM India Flexi Cap Fund (G) 13.49 17.84 8.58 18.85 14.43 – – Quant Flexi Cap Fund (G) -1.29 24.25 15.68 30.19 19.32 18.05 12.28 Invesco India Flexi Cap Fund Reg (G) 21.62 29.83 – – – – – 1 year trailing 1st quartile : 21-28% : Motilal Oswal Flexi Cap Fund Reg (G), Invesco India Flexi Cap Fund Reg (G) 2rd quartile : 14-21% : JM Flexi Cap Fund (G), HDFC Flexi Cap Fund Reg (G), Franklin India Flexi Cap Fund (G), Parag Parikh Flexi Cap Fund Reg (G), DSP Flexi Cap Fund Reg (G) 3rd quartile : 7- 14% : Kotak Flexi Cap Fund Reg (G), Aditya Birla SL Flexi Cap Fund Reg (G), PGIM India Flexi Cap Fund (G) 4th quartile : <0-7 % : Quant Flexi Cap Fund (G) 3 years trailing return 1st quartile : 19.75-24% : JM Flexi Cap Fund (G), HDFC Flexi Cap Fund Reg (G) 2rd quartile : 15.5- 19.75% : Franklin India Flexi Cap Fund (G), Motilal Oswal Flexi Cap Fund Reg
Fund Name Year Of Inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio PE ratios Exit Load ICICI Pru blue chip fund 2008 5 63,938 1.45 19.11 1% for redemption within 365 days Nippon India large cap fund 2007 5 35,313 1.57 20.13 1% for redemption within 7 days JM large cap fund 1995 4 495 2.36 20.52 1% for redemption within 30 days HDFC Large Cap fund 1996 4 36,587 1.61 16.44 1% for redemption within 365 days Aditya birla Frontline equity 2002 3 29,323 1.65 19.69 1% for redemption within 90 days Canara Robeco Bluechip Equity fund 2010 3 14,824 1.66 22.14 1% for redemption within 365 days SBI blue chip Fund 2006 2 50,502 1.5 22.52 1% for redemption within 365 days Mirae asset large cap fund 2008 1 39337 1.52 10.47 1% for redemption within 365 days DSP Top 100 Equity Fund Reg (G) 2003 4 4,530 1.93 15.76 1% for redemption within 364 days WhiteOak Capital Large Cap Fund Reg (G) 2022 – 661 2.33 21.74 1% for redemption within 30 days Invesco India Large cap Fund (G) 2009 4 1,317 2.09 22.88 0 ICICI Pru blue chip fund : The fund has the highest AUM in the category , launched in the year 2008, The fund enjoys CRISIL 5 star rating. The fund size is 63,938 cr, Low expense ratio of 1.45. The fund has PE of 19.11. The exit load of the fund is 1% before 365 days. Nippon India large cap fund : The fund was launched in the year 2007, is Crisil 5 star rated fund, with portfolio size of 35,313 cr. Expense ratio of 1.57. The PE of the fund is 20.13. Exit load is 1% for redemption within 7 days. JM large cap fund The fund was launched in the year 1995, Is CRISIL 4 star rated fund, with portfolio size of just 495 cr and high expense ratio of 2.36. The Current PE of 20.52. Exit load of the fund is 1% for redemption within 30 days. HDFC Large Cap fund The fund was launched in 1996, It is CRISIL rated 4 star. The fund enjoys a good portfolio size of 36,587 cr. The expense ratio of the fund is 1.61. The PE of the fund is 16.44. Exit load 1% for redemption within 365 days. Aditya birla Frontline equity The fund was launched in 2002, CRISIL rated 3. It has a good fund size of 29,323 cr. The expense ratio of the fund is 1.65. PE of the fund is 19.69. Exit laid of the fund is 1% for redemption within 90 days. Canara Robeco Bluechip Equity fund The fund was launched in 2010, Currently rated as 3 star by CRISIL. The fund size is 14,824 cr. The expense ratio of 1.66. The PE of the fund is 22.14.Exit load is 1% for the redemption within 365 days. SBI blue chip Fund The fund was launched in the year 2006, This is the second largest fund in AUM at 50,502 cr. The fund is CRISIL rated at 2. The expense ratio of the fund is 1.5. PE of the fund is 22.52. Exit load of the fund is 1% for redemption within 365 days. Mirae asset large cap fund The fund was launched in 2008, CRISIL rated 1 star. This is the 3rd largest fund by AUM in the category 39,337 cr. The expense ratio of the fund is 1.52. The PE of the fund is 10.47. Exit load of the fund is 1% for redemption within 365 days. DSP Top 100 Equity Fund Reg (G) The fund was launched in 2003, CRISIL rated 4 star. The fund size is 4,530 cr. The Expense ratio is 1.93. The PE of the fund is 15.76. Exit load of the fund is 1% for redemption within 365 days. WhiteOak Capital Large Cap Fund Reg (G) The fund was recently launched in 2022, no CRISIL rating. The fund size is 661 cr. The expense ratio is 2.33. The PE of the fund is 21.74. Exit load of the fund was 1% for redemption for 365 days. Invesco India Large cap Fund (G) The fund was launched in 2009, CRISIL rated 4 star. Fund size of 1,317 cr. The expense ratio is 2.09. The PE of the fund is 22.88. The does not have any exit load. Trailing Returns : Scheme 1 Year 3 Year 5 Year 7 Year 10 Year 15 Year Nippon India Large Cap Fund (G) 12.23 16.78 18.12 13.73 13.51 13.9 ICICI Pru Bluechip Fund Reg (G) 12.11 13.83 17.41 13.63 13.46 14.11 JM Large Cap Fund (G) 7.99 12.09 16.26 12.2 10.53 9.56 HDFC Large Cap Fund (G) 7.26 13.96 15.99 12.34 11.97 12.45 Aditya Birla SL Frontline Equity Fund Reg (G) 10.79 10.96 15.52 11.58 11.9 12.6 Canara Robeco Bluechip Equity Fund (G) 12.7 10.35 16.08 14.35 13.05 – SBI Blue Chip Fund Reg (G) 9.51 10.42 15.22 11.8 12.49 12.61 Mirae Asset Large Cap Fund Reg (G) 8.33 7.91 13.45 11.25 12.73 13.96 DSP Top 100 Equity Fund Reg (G) 16.74 13.41 13.9 11.5 10.86 10.91 WhiteOak Capital Large Cap Fund Reg (G) 15.09 – – – – – Invesco India Largecap Fund (G) 13.8 11.04 16.31 12.97 12.51 12.19 1 Year Trailing return 1st Quartile : 14-17% – DSP Top 100 Equity Fund Reg (G), WhiteOak Capital Large Cap Fund Reg (G) 2nd Quartile : 11-14% – Nippon India Large Cap Fund (G), ICICI Pru Bluechip Fund Reg (G), Canara Robeco Bluechip Equity Fund (G), Invesco India Largecap Fund (G) 3rd Quartile : 8- 11% –JM Large Cap Fund (G), HDFC Large Cap Fund (G), Aditya Birla SL Frontline Equity Fund Reg (G), SBI Blue Chip Fund Reg (G), Mirae Asset Large Cap Fund Reg (G) 4rth Quartile : 5- 8% – no fund 3 Year Trailing Return 1st quartile : 14-17%- Nippon India Large Cap Fund (G) 2nd quartile : 11-14%-ICICI
Choosing the right investment avenue can be a daunting task, especially when considering long-term financial goals like retirement or a child’s education. Two popular options that often come into the spotlight are Equity-Linked Savings Schemes (ELSS) Public Provident Fund (PPF). Both offer tax benefits, but they differ significantly in terms of risk, return potential, and liquidity. In this article, we’ll delve into the key differences between ELSS and PPF to help you make an informed decision. We are not going to discuss here the products, as i think people are aware of the features of both The question was why do people prefer Public provident fund ( PPF) Offer Guaranteed returns Tax benefit under section 80C, when you invest The interest earned was tax free The maturity is tax free As an advisor I have been an advocate of PPF, BUT PPF has underperformed ELSS in a big way. Lets look at the returns made over the years , if person deposits Rs 1,00,000 every year on 31 March , since 2000 to 31 March 2024 , a close 25 years of investment For our article’s sake I have taken the HDFC tax Saver fund Growth Regular plan. The Outperformance 15 years – PPF made Rs 27,78,383.76 vs ELSS Rs85,28,783.14 i.e 3 times of PPF amount 20 Years – PPF made you Rs 47,16,594.97 Vs ELSS Rs 1,68,92,247.22 i.e 3.5 times of PPF amount 25 Years – PPF made Rs 72,73,968.04 vs ELSS Rs 3,80,31,702.24 i.e 5 times of PPF . In my experience people who are investing in PPF Continue with even after maturity, but even 3 times outperformance is just mind boggling The myth of Guaranteed returns vs not guaranteed In this period equity markets had 2 down turns. The lines highlighted in yellow are those years lets see how much did ELSS made you lose in this year vs PPF 10th year – PPF was at Rs 1,464,093.39 vs ELSS Rs 27,80,241, Ohh Still ahead of PPF by 1.89 times of ELSS 21th Year- PPF 51,90,620.96 vs ELSS Rs 1,14,65,714.48 , Again Outperformance by 2.2 times Even during the worst downturns we have seen the ELSS outperformed the PPF. What Next ? The PPF rates at 7.1% are bound to come down in future as and when the rate cuts would start to set in. So the future may hold less earning ELSS provide better liquidity, which missed here ( even though not recommend) ELSS you have to pay tax lets see if tax payment makes it less attractive , equity being taxed at 12.5% , so 15 years – PPF made Rs 27,78,383.76 vs ELSS Rs 74,62,685.12 i.e 2.6 times of PPF amount 20 Years – PPF made you Rs 47,16,594.97 Vs ELSS Rs 1,47,80,716.12 i.e 3.1 times of PPF amount 25 Years – PPF made Rs 72,73,968.04 vs ELSS Rs 3,32,77,739.25 i.e 4.5 times of PPF . Conclusion : Any person who is looking to make an investment in PPF for 15 years should consider how much money he/she is losing in the when he is going to invest in PPF for 15 years . Learn more about Best ELSS funds.
Fund Name Year Of inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio PE ratios Exit load Bank of India Mfg & Infra Gr 2010 5 528.69 cr 2.42 22.53 1.00% – 0-1 years ABSL Manufacturing Equity Reg Gr 2015 – 1255.43 cr 2.22 33.51 1.00% – 0-90 days ICICI Pru Manufacturing Fund 2018 – 7041.78 cr 1.80 23.34 1.00% – 0-1 years Kotak Manufacture in India Fund Reg Gr 2022 – 2617.97cr 1.96 19.75 1.00% – 0-1 years Quant Manufacturing Fund Reg Gr 2023 – 1090.88 cr 2.17 28.41 1.00% – 0-15 days 0.00% – >15 days Axis India Manufacturing Reg Gr 2023 – 6517.72 cr 1.76 20.50 1.00% – 0-12 months Baroda BNP Paribas Manufacturing Fund Reg Gr 2024 – 1533.19 cr 2.04% 20.06 1.00% – 0-1 years Canara Robeco Manufacturing Reg Gr 2024 – 1767.98 cr 2.03% 35.13 1.00% – 0-1 months 0.00% – >1 months HDFC Manufacturing fund Reg Gr 2024 – 13630.95 cr 1.67% 17.90 1.00% – 0-1 months 0.00% – >1 months Invesco India Manufacturing Fund Reg Gr 2024 – 800 cr 2.27% 42.97 0.50% – 0-3 months 0.00% – >3 months Mahindra Manulife Manufacturing Fund Reg Gr 2024 – 884.52 cr 2.21% 19.12 0.50% – 0-3 months 0.00% – >3 months Motilal Oswal Manufacturing Fund Reg Gr 2024 – 678.53 cr 2.37% 46.83 1.00% – 0-3 months 0.00% – >3 months Bank of India Mfg & Infra Gr: The earliest of the funds in India, launched in 2010, this fund falls into two themes: Manufacturing and infrastructure. The fund is 5 star rated by Crisil. The fund size is very small at 528.69 cr. High expense ratio of 2.42. PE of the fund is 22.53. The fund has exit load of 1% for investment upto 1 year. ABSL Manufacturing Equity Reg Gr : The fund was launched in the year 2015, was able to garner decent fund size of 1255.43 cr. The fund is 2.22 of expense ratio The PE is bit on the higher side 33.51. Exit load of 1% 0-90 days. ICICI Pru Manufacturing Fund : This fund was launched in the year 2018, has the second highest fund size in the category at 7041.78 cr. The Expense ratio is limited at 1.80. PE Aligned with the category at 23.34. Exit load is 1% for upto 1 year. Kotak Manufacture in India Fund Reg Gr: The fund was launched in the year 2022, It was able to garner decent fund size of 2617.97 cr. The Expense ratios of 1.96 and the PE of the fund is at 19.75 is quite great. The exit load is 1% for upto 1 year. Quant Manufacturing Fund Reg Gr : This fund was launched last year, 2023, fund size is 1090.88 cr. The fund has a high expense ratio of 2.17. High PE of 28.41. Exit laid for the fund is 1% for 15 days . Axis India Manufacturing Reg Gr : The fund was launched in the year 2023, the fund size is quite good of 6517.72 cr. The expense ratio is quite low at 1.76. The fund PE is 20.50 which again is decent. Exit load of the fund is 1 % for 12 months Baroda BNP Paribas Manufacturing Fund Reg Gr : The fund was launched in the year 2024, fund size of 1533.19 cr. The expense ratio is 2.04%. The PE is good at 20.06. The exit load of the fund is 1% for 1 year. Canara Robeco Manufacturing Reg Gr : The fund was launched in 2024, with a small fund size of 1767.98 cr. The expense ratio of 2.03. The fund has a very high PE of 35.13%. Exit load of the fund is 1% for 1 month. HDFC Manufacturing fund Reg Gr : The fund was launched in the year 2024, but it garnered the highest fund of 13630.95 cr. The expense ratio is 1.67% . The fund PE is decent at 17.90. Exit load of 1% before 1 month. Invesco India Manufacturing Fund Reg Gr : The fund was launched in 2024, with a small fund size of 800 cr. The expense ratio of the fund is 2.27%. The fund has a very high PE of 42.97%. Exit load of the fund is 0.5% before 3 months. Mahindra Manulife Manufacturing Fund Reg Gr : The fund was launched in 2024, Small fund size of 678.53 cr. The fund has a high expense ratio of 2.37%. PE is very high at 46.83. The fund has an exit load of 1% for 3 months. Trailing Returns : Scheme 1 month 3 months 6 months 1 year 3 years 5 years 7 years 10 years Bank of India Manufacturing and Infrastructure Fund (G) -0.04 -0.71 13.53 46.83 25.01 30.26 18.29 17.06 Aditya Birla SL Manufacturing Equity Fund Reg (G) -0.72 2.82 16.98 46.35 17.38 20.41 12.7 ICICI Pru Manufacturing Fund Reg (G) -1.71 -2.4 10.63 48.04 24.75 26.92 Kotak Manufacture in India Fund Reg (G) -1.11 -1.76 12.13 41.26 Quant Manufacturing Fund Reg (G) -2.22 -3.09 13.18 52.18 Axis India Manufacturing Fund Reg (G) -2.54 -0.79 15.35 Baroda BNP Paribas Manufacturing Fund Reg (G) -1.53 -0.53 Canara Robeco Manufacturing Fund Reg (G) -1.19 0.56 17.99 HDFC Manufacturing Fund Reg (G) -2.56 -1.78 Invesco India Manufacturing Fund Reg (G) 2.76 Mahindra Manulife Manufacturing Fund Reg (G) -2.05 -2.03 1 months Trailing 1st quartile : 3.75 to 6 : Motilal Oswal Manufacturing Fund Reg (G) 2rd quartile : 1.5 to 3.75 : Bank of India Manufacturing and Infrastructure Fund (G), Invesco India Manufacturing Fund Reg (G) 3rd quartile: – 0.75 to 1.5 : Aditya Birla SL Manufacturing Equity Fund Reg (G), 4th quartile : -3 to -0.75 : ICICI Pru Manufacturing Fund Reg (G), Kotak Manufacture in India Fund Reg (G), Quant Manufacturing Fund Reg (G), Axis India Manufacturing Fund Reg (G), Baroda BNP Paribas Manufacturing Fund Reg (G), Canara Robeco Manufacturing Fund Reg (G), HDFC Manufacturing Fund Reg (G), Mahindra Manulife Manufacturing Fund Reg
In today’s fast-paced world, financial planning has become a necessity, not a luxury. As a wealth manager, I often encounter individuals with diverse financial goals, ranging from buying a dream home to securing a comfortable retirement. People have a mix of various short, medium and long term financial goals It involves setting clear financial goals, budgeting wisely, and investing strategically.While traditional investment avenues like fixed deposits and savings accounts offer stability, they may not always generate the desired returns, especially when adjusted for inflation ( how inflation effects read the blog : inflation the silent thief). This is where mutual funds step in as a powerful tool to help you achieve your financial aspirations.Let’s delve deeper into how mutual funds can be your trusted companion on this journey. Set SMART Goals: To ensure your financial aspirations are well-defined and achievable, consider the SMART framework: Specific: Clearly articulate your financial goals, providing detailed descriptions. Measurable: Quantify your goals using metrics like “how much” or “how many.” Achievable: Set goals that are realistic and attainable, aligning with your investment capacity and market realities. Relevant: Ensure your goals are pertinent to your overall financial objectives and the investments you’re making. Time-bound: Establish specific start and end dates for each goal to maintain focus and accountability. By adhering to the SMART principles, you can create a robust financial plan that empowers you to achieve your long-term objectives. Understanding Mutual Funds and how they are beneficial A mutual fund is a professionally managed investment pool that collects money from various investors and invests it in a diversified portfolio of stocks, bonds, REITs, Commodities or other securities. By pooling resources, mutual funds offer several advantages: Diversification: Mutual funds spread your investments across various assets, reducing risk. Professional Management: Experienced fund managers handle your investments. As an individual you do not have to worry which is the best asset to buy. Liquidity: You can easily buy or sell mutual fund units. Very easy access Affordability: You can start investing with small amounts through Systematic Investment Plans (SIPs). Low Cost : Mutual funds are low cost instruments which are regulated by the SEBI. Asset allocation : Through Mutual fund you can invest into multiple asset class , thus help you to create and manage better asset allocation or diversification , you can invest in Domestic equity, debt both government , corporate , or long , medium and short term, Gold, silver , Real estate Tax Efficiency : Mutual funds are very tax efficient instruments, the returns are taxed only at redemption according to the underlying asset class. Use Cases: How Mutual Funds Can Help You Retirement Planning: Goal: Accumulate a substantial corpus for a comfortable retirement. Strategy: Invest in equity-oriented mutual funds for long-term growth and debt funds to balance risk and provide steady income. Example: A 30-year-old with a monthly investment of Rs. 10,000 in an equity mutual fund with an average annual return of 12% could accumulate over Rs. 2 crore in 30 years. Child’s Education: Goal: Save for your child’s higher education expenses. Strategy: Invest in a mix of equity and debt funds to balance risk and return. Consider tax-saving options like ELSS funds. Example: A couple starting to save for their child’s education at birth with a monthly investment of Rs. 5,000 in an ELSS fund with an average annual return of 12% could accumulate over Rs. 50 lakh in 18 years. Home Purchase: Goal: Build a significant down payment for a home. Strategy: Invest in a combination of debt funds and balanced funds. Example: A young couple saving for a down payment with a monthly investment of Rs. 10,000 in a balanced fund with an average annual return of 8% could accumulate over Rs. 30 lakh in 5 years. Wealth Creation: Goal: Grow your wealth over the long term. Strategy: Invest in a diversified portfolio of equity and debt funds. Example: A 25-year-old with a monthly investment of Rs. 15,000 in a diversified equity fund with an average annual return of 15% could accumulate over Rs. 3 crore in 30 years. Conclusion : Risk Tolerance: Assess your risk appetite before choosing mutual fund schemes. Diversification: Spread your investments across different asset classes and fund categories. Regular Review: Monitor your portfolio and rebalance it periodically. Consult a Financial Advisor: Seek professional advice to tailor your investment strategy to your specific needs. How to choose best of the funds you can refer the blog : How to chose the best mutual fund By understanding your financial goals and selecting the right mutual fund schemes, you can embark on a journey towards financial security and prosperity. Remember, consistency is key, and time is your ally in achieving your aspirations.
Retirement planning is often overlooked, especially by younger individuals. It is a key area of financial planning under wealth management. Most people would start to think about this in their late 40’s or mid 50’s. And this is the time when people have a lot of Financial responsibilities . The children are reaching higher education, they are planning to buy a house, etc. However, starting early can significantly benefit your future financial security. Here are seven compelling reasons to begin planning for your retirement as soon as possible: 1.The Power of Compound Interest Albert Einstein said, “Compound interest is the eighth wonder of the world, he who understands it, earns it, he who doesn’t, pays it. The Earlier, the Better: The earlier you invest, the more time your money has to grow. The Magic of Compounding: Your initial investment earns interest, and then that interest earns interest, creating a snowball effect. Long-Term Gains: Over decades, this compounding effect can turn modest investments into substantial wealth. Case Study : Mr Raj, he is early bird Age: 25 Time till Retirement : 35 Years Monthly Savings for Retirement: Rs. 5,000 By the age of 60, i.e. 35 years hence , he would have accumulated a corpus of ₹1,69,93,955 at ROI @10% Mr Anil Age: 45 Time till retirement : 15 years Monthly Saving for Retirement : Rs 15,000 By age of 60, i.e 15 years hence he would have accumulated a corpus ₹60,24,318.27 ROI @ 10% Key Takeaway : Though Mr Anil invested 3 times the amount of Mr Raj the early bird achieved a corpus of 2.5 times that of Mr. Anil. 2.Lower Monthly Contributions Spread the Load: Smaller, regular contributions over a longer period are less burdensome than larger lump sums later. Consistent Savings: Automate your savings to make it effortless and consistent. Case Study : If Mr Anil had to also achieve a corpus of lets say Rs ₹1,69,93,955 he would have to have to increase his SIP amount to ₹42,313 that 2.8 times at a time when his children would be going higher educations and all the responsibilities Key Takeaway : The earlier you start for the same amount you have to lower the amount , in this case Raj is investing just Rs 5,000 whereas Mr Anil has to invest about ₹42,313. 3.Reduced Investment Risk Time is Your Ally: A longer investment horizon allows you to ride out market fluctuations. Diversification: Spreading your investments across various asset classes reduces risk. Case study : Mr Anil is not able to increase his investment amount as he has other financial commitments , Home loans , car emis, Education of children. So he has asked if we increase the returns. TO keep the amount at the same he needs to increase his returns by 22%. But as he is 45 he does not want to risk much. He now needs his money to be stable rather than volatile. But Mr Raj at such a young age can bear the risk he can increase his retirement corpus. Key takeaway : As you grow old you cannot take risk in your portfolio, you would not want to risk your capital at any cost. A young person can take more risk , and have a more volatile portfolio. 4.Achieving Financial Independence Early Retirement: With sufficient savings, you may be able to retire earlier than planned. Flexibility: Early retirement can provide more freedom and opportunities to pursue passions. Case Study : Mr Anil is not to increase his investment amount nor his risk profile, so he has to work longer to achieve his financial goal or retirement. Whereas Mr Raj, he can increase his risk and even amounts of investment with time and reach his goal early. He can plan to retire at age of 50, and he can keep on investing the same amount at an ROI of 16%. And this can be achieved since he has age on his side. Key takeaways: Early starters can retire early , late starters have to increase the time and work for more time. 5.Social Security Benefits or Absence In India we do not have any social security benefits , a government or PSU officer may be invested through pension scheme or NPS, and private sector employees may be doing EPS / NPS, but the corpus formed may not be sufficient though these. A self-employed person would only get an option to PPF. and some other schemes which are not sufficient to hold your investment in the later stage of life. Case Study : Dr Sandeep is a well known physician at a well established hospital, for his retirement he needs a corpus of Rs 5,00,00,000/- after 15 years. He looks at various options and finds that he does not have many options to invest and grow money and even none of the security benefits would be able to fulfill his retirement plan. Key takeaway : Start your retirement planning early in India. We do not have many special security benefits options to take care of you. 6. Increasing Average Life Expectancy The life expectancy for India in 2023 was 70.42 years, a 0.33% increase from 2022. The life expectancy for India in 2022 was 70.19 years, a 0.33% increase from 2021. The life expectancy for India in 2021 was 69.96 years, a 0.33% increase from 2020. The above shows that life expectancy is increasing. Start early as you would live more and you would require more money to get you in your golden years Plan how much would be required as after retirement you would not have sources of income. Key Takeaway : As life expectancy has increased for human beings , we need to be prepared for that increased life as you won’t have any other source of income to support you. 7. Avoiding Financial Stress Secure Future: A well-planned retirement can alleviate worries about financial security in your later years. Enjoyment of Life: Financial freedom allows you to enjoy retirement without
Fund Name Year Of inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio PE ratios Exit Load Quant Multi Asset Fund (G) 2001 _ 2983.94 cr 1.88 20.42 1% for redemption within 15 days ICICI Pru Multi Asset Fund (G) 2002 _ 50495.58 cr 1.48 19.11 For units in excess of 30% of the investment, 1% will be charged for redemption within 365 days UTI Multi Asset Allocation Fund Reg (G) 2008 _ 4059.6 cr 1.9 18.36 1% for redemption within 30 days HDFC Multi Asset Fund (G) 2005 _ 3701.65 cr 1.93 18.87 For units in excess of 15% of the investment, 1% will be charged for redemption within 365 days SBI Multi Asset Allocation Fund Reg (G) 2005 _ 6257.72 cr 1.48 22.83 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days Axis Multi Asset Allocation Fund Reg (G) 2010 _ 1311.75 cr 2.11 22.34 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days Nippon India Multi-Asset Allocation Fund Reg 2020 _ 4343.57 cr 1.52 19.52 For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months Tata Multi Asset Opportunities Fund Reg (G) 2020 _ 3400 cr 1.87 19.16 For units in excess of 12% of the investment, 1% will be charged for redemption within 365 days Quant Multi Asset Fund (G) : The fund was launched in the year 2001, currently has a portfolio size of 2,983.94 cr. The fund has PE of 20.42. The fund has an expense ratio of 1.88. Fund has a very low exit load of 1% within 15 days of investment. ICICI Pru Multi Asset Fund (G) : The fund is the largest by size in the category with fund size of 50,495.58 cr. The fund was launched in 2002. The fund has a low expense ratio of 1.48. PE of the fund is 19.11. UTI Multi Asset Allocation Fund Reg (G): This fund was launched in the year 2008, but still has a low fund size of 4,059.6 cr. The expense ratio of the fund is 1.9. PE of 18.36. Exit load of the fund is low at 1% within 30 days. HDFC Multi Asset Fund (G): The fund was launched in the year 2005. The fund again has a very small fund size of 3,701.65 cr. The fund has PE of 18.87. The expense ratio is 18.87. The exit load of the fund is 15% units are exit load free within 365 days , 1% for units above 15% units for 365 days. SBI Multi Asset Allocation Fund Reg (G) : This fund was launched in the year 2005. The fund size is 6,257.72 cr. The expense ratio of 1.48%. The PE of the fund is high at 22.83 as per the category. Exit load of the fund is units exceeding the 10% would be charged at 1% within 365 days of redemption. Axis Multi Asset Allocation Fund Reg (G): This fund was launched in the year 2010. A low fund size of 1,311.75 cr. HIgh expense ratio of the fund 2.11. The fund has a high PE of 22.34. Exit load of the fund is units exceeding the 10% would be charged at 1% within 365 days of redemption. Nippon India Multi-Asset Allocation Fund Reg : This was launched in 2020, and was able to garner a fund size of about 4,343.57 cr. The fund has an expense ratio of 1.52. The PE of the fund is stable at 19.52. Exit load of the fund is units exceeding the 10% would be charged at 1% within 365 days of redemption. Tata Multi Asset Opportunities Fund Reg (G) : Another multi asset fund to be launched in the year 2020, the current fund size is 3,400 cr. The expense ratio of the fund is 1.87. The PE of 19.16. Exit load of the fund is units exceeding the 12% would be charged at 1% within 365 days of redemption. Trailing Returns : Scheme 3 months 6 months 1 year 3 years 5 years 7 years 10 years 12 Years 15 years Quant Multi Asset Fund (G) 2.71 8.93 46.39 21.28 29.04 21.75 17.53 15.7 13.8 ICICI Pru Multi Asset Fund (G) 2.82 10.47 29.57 19.13 22.23 16.41 15.02 16.8 15.3 UTI Multi Asset Allocation Fund Reg (G) 4 12.34 38.6 18.11 16.96 12.28 10.5 10.22 10.24 HDFC Multi Asset Fund (G) 2.6 10.17 24.67 12.57 16.4 12.3 11.16 11.39 11.06 SBI Multi Asset Allocation Fund Reg (G) 1.79 9.68 25.17 14.16 15.2 12.22 11.51 11.7 10.91 Axis Multi Asset Allocation Fund Reg (G) 3.63 14.36 25.99 7.39 13.97 11.78 10.78 10.22 Nippon India Multi-Asset Allocation Fund Reg 2.79 13.14 34.17 15.54 Tata Multi Asset Opportunities Fund Reg (G) 1.29 10.06 25.75 13.55 – – – – – 1 year trailing 1st quartile : 39- 47%- Quant Multi Asset Fund 2rd quartile : 31-39% – UTI Multi Asset Allocation Fund Reg (G), Nippon India Multi-Asset Allocation Fund Reg, 3rth quartile : 23- 31% –ICICI Pru Multi Asset Fund (G), HDFC Multi Asset Fund (G), SBI Multi Asset Allocation Fund Reg (G), Axis Multi Asset Allocation Fund Reg (G), Tata Multi Asset Opportunities Fund Reg (G) 4th quartile : 15- 23% – Non of the funds in discussion was in the bottom 3 years trailing return 1st quartile : 18.25- 22% – Quant Multi Asset Fund , ICICI Pru Multi Asset Fund (G) 2rd quartile : 14.5 – 18.25% – UTI Multi Asset Allocation Fund Reg (G), Nippon India Multi-Asset Allocation Fund Reg 3rth quartile : 10.75 – 14.5% – HDFC Multi Asset Fund (G), SBI Multi Asset Allocation Fund Reg (G), Tata Multi Asset Opportunities Fund Reg (G) 4th quartile : 7- 10.75%, Axis Multi Asset Allocation Fund Reg (G) 5 years trailing returns 1st quartile : 24.5- 30% – Quant Multi Asset Fund 2rd quartile :