Mint50 is now trimmed down to Mint30
Taking note of the big change in the mutual fund industry, we have reduced the size of our basket of funds from 50 to 30
Mint50 was created in 2010 as a basket of 50 curated investment-worthy mutual fund schemes for an average retail investor, who would pick 5-8 schemes to build her own portfolio. We chose a basket of 50 to accommodate the various fund manager styles and mandates under the broad categories. The categories were loosely defined and a single category could have three to four different flavours under its umbrella. For example, the large-cap category had pure large-cap funds like Franklin India Bluechip Fund and also those with a mid-cap flavour like Aditya Birla Sun Life Equity Fund. We usually preferred two options for each of these flavours, bumping up the number of options we needed to have.