The point being not to be “the so many people” believing in what is provided. When the AMC is giving info about the constituents, it is perfectly ok to review and modity ones strategy. Mine is being invested in the top 50 company of india. For this the start point is Nifty 50 ETF.
Now, 37 companies of the Top 50 has miniscule weightage. Yes I can accept what is served and be like so many people or be constructive and find ways and means to invest in the tail of the Top 50 companies of India by analysing the information provided.
One option is invest in Equal Weighted Nifty 50 ETF along with the regular ETF. This i believe will increase my money which is invested in these tail companies.
Now that the 37 tail stocks is covered by 2% instead of 0.50 or less, the option is to find out is there any other ETF which invest in these low weightage stocks of Nifty 50. I found out Icici pru Nifty 200 quality 30 has higher weightage for 11 stocks who are tail in Nifty 50. But 19 other stocks are not falling under Top 50 but the names are well known and I am sure they are good companies but not falling under top 50.
There is another ETF which I am reviewing, HDFC NIFTY100 Quality 30 ETF. Could not complete this exercise, as I had to stop and reply to this message. So to arrive at my strategy, of being invested with good weightage in Top 50 companies of India, I should have
Nifty 50 - Core portfolio
Nifty 50 Equall Weighted
HDFC Nifty 100 Quality 30 ETF (if the constitutents weights match my need) or Icici Pru nifty 200 quality 30. I prefer HDFC as their basket is of Nifty 100 stocks which will be the top 100 stocks.
By investing in all of the above, I would be, in my understanding have greater weightage which means more of my money invested in the Tail of Nifty 50.
Just trying my best in achieving my objective/strategy and do not want to be the “so many people” who invest in whats given to them, like you mentioned.
Once done, I will go for direct investing in one or two tail stocks if need be after studying their financials in depth.
I have done this exercise with Nasdaq 100 + Faang + MIRAE ASSET S AND P 500 50 ETF.
Need to thank @Bhuvan for this post listing all the ETF in India.