Best Performing Mutual Funds 2020 The year 2020 will be long remembered for pandemic , job loss , economic loss , lockdown, disasters etc… It will also be remembered for tenacity, willpower, strength, patience of the common man, companies, institutions, government etc… This year has been a year of extreme volatility . We have seen extreme fear and moderate greed in the same year.
HDFC Tax Saver Fund is an Equity Linked Savings Scheme . It has kept its benchmark as the Nifty 500. It’s performance has not been upto the mark in the recent years. Expense ratio is on the higher side. It has been ranked a 1 star fund in Valueresearch and Moneycontrol It seems that HDFC AMC has had a closer look at this and has made major changes to this fund and is keen to turn this ship around.
Emergency fund as the name suggests is the money that you would touch when you have an emergency. Emergencies could be : Medical Emergency Job loss etc… What is an emergency fund ? Emergency funds help you take care of the financial aspect of the emergency. During COVID-19, there were many people who have lost jobs. Job loss could be reasons out of your control and therefore it is imperative that you are prepared for it.
As you are aware, since last month, I compile a list of funds and sectors which have done well. Banks have been on the losing streak for a long time and there has been some respite last month, but not enough. Digital growth story has been intact and has an average growth of about 16% for two months in a row. Winners In October 2020, banking funds have done really well.
Before I bought my house in 2010, I was grappling with this thought whether to buy or rent ? . I was living in a rented house and was paying Rs 8000/- as rent. My parents insisted on buying a house and the EMI was Rs 14,000/- per month. I argued that the rent amount was much lesser and insisted that we live in a rented house as the EMI is much higher than the rent.