I have been investing via SIP in Mirae Asset Emerging Bluechip Fund for the last six months. I am getting very low profits. Is this fund good or not? I want to invest for the long term. -Lucky k
Mirae Asset Emerging Bluechip Fund is a topper in the large and mid cap category. The scheme has a good long term track record. You should not worry about six-month SIP returns and take a call whether the scheme is good to invest in. Always remember equity is an asset meant for the long term. If you worry about short-term returns and discontinue your investments, you will not get the benefits of investing in equity.
You should use the episode to examine whether you have the necessary risk appetite to invest in a large and mid cap scheme. Also, whether you understand about investing in mutual funds. Take an online quiz to find out your risk profile. Also, make sure you are investing in schemes that are in line with your risk profile and goals. Also, adopt a goal-based investment strategy. It will help you to focus on your goals without bothering much about daily movements in the market.
If you are not clear about mutual fund basics, seek the help of a mutual fund advisor. Gain some experience and knowledge before taking care of your investments on your own.
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