Updates and Addendums
TLDR: The updates reflect changes to some recommendations that I had posted earlier summarised here
The expense ratio of this fund has gone up to 2.29% for direct plans from the original 1.47% when I reviewed it. I no longer recommend this fund. If you are interested in FMCG sector, better to go with Mirae great consumer growth fund which is more of a consumption fund, but at an expense ratio of 0.7%
Given the liquidity concerns and the different options that are currently available in the market now, I would recommend you chose an index fund alternative. I would choose Motial Oswal Mid cap 150 index fund as an alternative. The fund has an expense ratio of 0.38 which is not only cheaper than the ETF, but you don’t incur any additional trading costs as well.
I would replace
ICICI mid cap index ETF with Motilal Oswal Mid cap 150 index fund as stated above
Hang seng ETF which has poor liquidity with Motilal Oswal S&P 500 index fund which is just launching soon.
