Mint30 is not too different from its earlier avatar in terms of fund selection and their periodic evaluation. There is now a sharper focus on fund selection post the standardization brought in by the regulator
Monthly collections through systematic investment plans (SIPs) rose to a record high of ₹7,554 crore in June. On an annualized basis, that’s over ₹90,000 crore a year.
While retail investors have made the right choice by shifting to a safer way to invest, choosing the right mutual fund from a universe of more than 2,000 schemes is not easy. They include over 521 equity funds, 176 debt funds and 132 hybrid ones. An average investor will have to shortlist 5-8 schemes for their portfolio from among these.
Mint, with clarity as the core value proposition, gives a helping hand by curating a list of 30 investment-worthy mutual funds. Till last year, Mint’s basket had 50 funds, but due to regulatory changes, we found it rational to shrink the list to 30.