Can be used in 5+ year portfolios by investors with a high-risk appetite. Restrict exposure as the fund is yet to showcase a very long track record of consistency.
Equity - tax saving
Canara Robeco Equity Tax Saver
Can form part of longer-term portfolio. Has large duplication with Canara Robeco Equity Diversified. Skip this fund if you hold the latter.
Equity - passive
UTI Nifty Next 50
Suitable for those looking for more aggressive large-cap exposure outside the Nifty 50. It is not a substitute for large-caps or multi-caps, given the Next 50’s propensity to fall steeply. Keep mid-cap exposure to your portfolio tempered if you hold this fund.
Strategy/ thematic
BNP Paribas India Consumption
Can be used only by high-risk investors, and can be held with a long-term horizon. Keep exposure limited.
ICICI Pru Banking & Financial Services
Can be used only as a tactical play by very high-risk investors who prefer higher NBFC exposure and not just banks. Do not add if you are already holding a banking fund.
