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kentmss
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Hi, Its Srikanth Matrubai here. I am 36 years old Certified Mutual Fund Advisor based in Bangalore. I am in the stock markets since 1991. After going through the stock market turbelance for more than 17 years, my conclusion is that the mutual funds are the best avenue for investments. Share Market is the best avenue for returns but here you need patience, experience and lots and lots of luck and also you should be ready to lose some money (at least in initial stages) and last, but not the least, you should have deep pockets.
So, my advice is for the First 3-5 years you are better off investing in Mutual Funds, where even a SIP of 100 is available. My favourites are Birla Sunlife Frontline Equity, DSPML World Gold, DSPML Natural Resources, DWS Tax Saving Fund, Fidelity Equity, HDFC Prudence, HDFC Top 200, JM Contra, Principal Personal Tax Saver, Reliance Growth, Reliance Vision, SBi Magnum Balanced, Sundaram Select Focus, Sundaram Rural, Templeton India Equity Income, .
But whatever your choice of fund is, Always consult a Good Mutual Fund Advisor or Boarders like Ranjan, Wadia,Ashalanshu,Pcspune and always always preferably invest via SIPs. I am not calling myself as an expert but I am a student of Mutual Funds here to share views and exchange ideas and make myself a Competent Mutual Fund Advisor.
For Direct Stock Investment, my Long Term Picks are GMR INFRA, FORTIS HEALTHCARE, KARNATAKA BANK, RELIANCE PETRO, SANDUR MANGANESE, SHREE RENUKA SUGARS AND WEBEL SL ENERGY.
You can also view my thoughts at my blog goodfundadvisor dot blogspot dot com
Best of luck
So, my advice is for the First 3-5 years you are better off investing in Mutual Funds, where even a SIP of 100 is available. My favourites are Birla Sunlife Frontline Equity, DSPML World Gold, DSPML Natural Resources, DWS Tax Saving Fund, Fidelity Equity, HDFC Prudence, HDFC Top 200, JM Contra, Principal Personal Tax Saver, Reliance Growth, Reliance Vision, SBi Magnum Balanced, Sundaram Select Focus, Sundaram Rural, Templeton India Equity Income, .
But whatever your choice of fund is, Always consult a Good Mutual Fund Advisor or Boarders like Ranjan, Wadia,Ashalanshu,Pcspune and always always preferably invest via SIPs. I am not calling myself as an expert but I am a student of Mutual Funds here to share views and exchange ideas and make myself a Competent Mutual Fund Advisor.
For Direct Stock Investment, my Long Term Picks are GMR INFRA, FORTIS HEALTHCARE, KARNATAKA BANK, RELIANCE PETRO, SANDUR MANGANESE, SHREE RENUKA SUGARS AND WEBEL SL ENERGY.
You can also view my thoughts at my blog goodfundadvisor dot blogspot dot com
Best of luck
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29 Aug 2008 10:45
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Dear Guest,
If you want to have just 3-4 funds and not more, then you can consider investing as follows:
1000 * 4 in Birla Sunlife Equity Fund (4000)
500 * 4 in Reliance Growth Fund (2000)
500 * 4 in Fidelity Equity fund (2000)
1000 * 4 in DSPML Top 100 Fund (4000)
1000 * 1 in HDFC Prudence Fund (1000)
Srikanth...
If you want to have just 3-4 funds and not more, then you can consider investing as follows:
1000 * 4 in Birla Sunlife Equity Fund (4000)
500 * 4 in Reliance Growth Fund (2000)
500 * 4 in Fidelity Equity fund (2000)
1000 * 4 in DSPML Top 100 Fund (4000)
1000 * 1 in HDFC Prudence Fund (1000)
Srikanth...
29 Aug 2008 10:41
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Dear Guest,
Is your 13k a lumpsum investment or a SIP. If it is SIP, it is really good amount and you can consider investing in blend of Good Large Cap, Diversified Equity Funds as given below:
1000 * 1 in Birla Sunlife Equity Fund (1000)
1000 * 1 in DSPML Top 100 Fund (1000)
1000 * 2 in DWS Investment Opportunity Fund (2000)
500 * 2 in Fidelity Equity Fund (1000)
1000 * 1 in Franklin Equity Income Fund (1000)
1000 * 1 in HDFC Prudence Fund (1000)
1000 * 1 in HDFC Top 200 fund (1000)
500 * 3 in Reliance Growth Fund (1500)
500 * 1 in Reliance Vision Fund (500)
1000 * 1 in Sundaram Select Focus Fund (1000)
1000 * 1 in Sundaram Rural India Fund (1000)
1000 * 1 in HSBC Equity Fund (1000)
If you had given your age, risk profile, it would have easier to create a portfolio for you. I have just gone by Thumb Rule and given the choice.
Best of luck,
Srikanth
...
Is your 13k a lumpsum investment or a SIP. If it is SIP, it is really good amount and you can consider investing in blend of Good Large Cap, Diversified Equity Funds as given below:
1000 * 1 in Birla Sunlife Equity Fund (1000)
1000 * 1 in DSPML Top 100 Fund (1000)
1000 * 2 in DWS Investment Opportunity Fund (2000)
500 * 2 in Fidelity Equity Fund (1000)
1000 * 1 in Franklin Equity Income Fund (1000)
1000 * 1 in HDFC Prudence Fund (1000)
1000 * 1 in HDFC Top 200 fund (1000)
500 * 3 in Reliance Growth Fund (1500)
500 * 1 in Reliance Vision Fund (500)
1000 * 1 in Sundaram Select Focus Fund (1000)
1000 * 1 in Sundaram Rural India Fund (1000)
1000 * 1 in HSBC Equity Fund (1000)
If you had given your age, risk profile, it would have easier to create a portfolio for you. I have just gone by Thumb Rule and given the choice.
Best of luck,
Srikanth
...
29 Aug 2008 10:05
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Dear Nodick,
Please know the facts before commenting. You don\\`t know ABC of Mutual Funds and want to comment on them.
For your information, I have NEVER have Sold JM Agri and Infra Fund. Not even a Single Application. Even when a Client came on his own to invest, I stopped him from investing in the same.
Please ensure the facts before pointing fingers on me. Remember, if you point a finger, four fingers are pointing to yourself.
I do not know why you are so baised against me. Why don\\`t you concentrate on your job and let me do one.
Show me ONE SINGLE APPLICATION which was sold by me in JM Agri and Infra and I will shave off my moustache. Mr.No Dick, your comments are in very bad taste.
You were humilated in Brigade thread and all your messages were deleted by MMB Moderator and still you have not learnt your lesson. If you continue like this, you will be banned from the board.
Please verify facts before accusing me.
At least I share my name and email. You do not even have a name and go by No Dick (Whatever it means). Come out with a name and email, if you are so sure about your accusations.
Otherwise please shut up....
Please know the facts before commenting. You don\\`t know ABC of Mutual Funds and want to comment on them.
For your information, I have NEVER have Sold JM Agri and Infra Fund. Not even a Single Application. Even when a Client came on his own to invest, I stopped him from investing in the same.
Please ensure the facts before pointing fingers on me. Remember, if you point a finger, four fingers are pointing to yourself.
I do not know why you are so baised against me. Why don\\`t you concentrate on your job and let me do one.
Show me ONE SINGLE APPLICATION which was sold by me in JM Agri and Infra and I will shave off my moustache. Mr.No Dick, your comments are in very bad taste.
You were humilated in Brigade thread and all your messages were deleted by MMB Moderator and still you have not learnt your lesson. If you continue like this, you will be banned from the board.
Please verify facts before accusing me.
At least I share my name and email. You do not even have a name and go by No Dick (Whatever it means). Come out with a name and email, if you are so sure about your accusations.
Otherwise please shut up....
26 Aug 2008 15:14
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Dear Srinivas,
Insurance is NOT an investment. ULIPs are definitely NO-NO.
because ULIPs are being mis-sold (mis-sold being a polite way of saying con job) like no financial product has ever been mis-sold in this country. In India, ULIPs are a product which have been cynically designed to maximise profits to insurance agents and insurance companies while hiding the true numbers from investors. Nominally, a ULIP is a product that combines insurance and investment characteristics. In reality, they combine an extraordinarily high cost structure (meant primarily to feed agent commissions) with a non-standardised revelation of expense so that any meaningful comparison of investment performance between different ULIPs or between ULIPs and mutual funds is impossible. In other investment products, either there are no agent commissions (as in bank FDs) or agent commissions range from 0.25 per cent to 2 or 3 per cent (as in case of Mutual Fund Advisors). In ULIPs however, commissions range from 15 per cent to (hold your breath) around 70 per cent and are typically 25 per cent. And for some bizarre reason, this is considered acceptable by everyone concerned
Basically, ULIPs are expensive and opaque mutual funds disguised as insurance. This permits insurance companies to circumvent the strict transparency, expense, and commission-related laws that govern mutual funds. It also enables them to escape the scrutiny of SEBI, which has historically been a tougher regulator than IRDA.
Insurance is a great idea and most of us need it. But we need real insurance, which is to say term insurance. Here's what you should do. Make a liberal estimate of how much money your family will need if you die suddenly. Shop around and buy the cheapest term insurance you can find. You'll be stunned at how cheap term insurance is and also at how difficult it is to buy (The quickest way to get rid of an insurance agent is to say that you're interested only in term insurance). You probably won't be able to think logically about insurance as long as you don't realise that it's an expense. It's a necessary expense, like buying a helmet or going to a doctor, but it's not an investment. You need both insurance and investment. To get the best deal in both, don't mix them up.
Best of luck,
Srikanth Shankar Matrubai
...
Insurance is NOT an investment. ULIPs are definitely NO-NO.
because ULIPs are being mis-sold (mis-sold being a polite way of saying con job) like no financial product has ever been mis-sold in this country. In India, ULIPs are a product which have been cynically designed to maximise profits to insurance agents and insurance companies while hiding the true numbers from investors. Nominally, a ULIP is a product that combines insurance and investment characteristics. In reality, they combine an extraordinarily high cost structure (meant primarily to feed agent commissions) with a non-standardised revelation of expense so that any meaningful comparison of investment performance between different ULIPs or between ULIPs and mutual funds is impossible. In other investment products, either there are no agent commissions (as in bank FDs) or agent commissions range from 0.25 per cent to 2 or 3 per cent (as in case of Mutual Fund Advisors). In ULIPs however, commissions range from 15 per cent to (hold your breath) around 70 per cent and are typically 25 per cent. And for some bizarre reason, this is considered acceptable by everyone concerned
Basically, ULIPs are expensive and opaque mutual funds disguised as insurance. This permits insurance companies to circumvent the strict transparency, expense, and commission-related laws that govern mutual funds. It also enables them to escape the scrutiny of SEBI, which has historically been a tougher regulator than IRDA.
Insurance is a great idea and most of us need it. But we need real insurance, which is to say term insurance. Here's what you should do. Make a liberal estimate of how much money your family will need if you die suddenly. Shop around and buy the cheapest term insurance you can find. You'll be stunned at how cheap term insurance is and also at how difficult it is to buy (The quickest way to get rid of an insurance agent is to say that you're interested only in term insurance). You probably won't be able to think logically about insurance as long as you don't realise that it's an expense. It's a necessary expense, like buying a helmet or going to a doctor, but it's not an investment. You need both insurance and investment. To get the best deal in both, don't mix them up.
Best of luck,
Srikanth Shankar Matrubai
...
26 Aug 2008 15:02
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Dear vilu,
Ranjan Sir is right. Never go for agents who gives back part of commission they get. Because unlike Insurance Agents (who get upto 35%), a Mutual Fund agent gets somewhere around 2 - 2.5% commission. With this paltry commission, if he is giving you back something, then definitely he is mis-selling funds. He should not be relied on.
Go for agents, who have a good name in the market for their advise. Ask the agent the funds he has recommended to other investors and then review its performance. contact some of his present clients, get their views on the agents advise, service, etc and then Select the Agent.
Best of luck,
Srikanth Shankar matrubai...
Ranjan Sir is right. Never go for agents who gives back part of commission they get. Because unlike Insurance Agents (who get upto 35%), a Mutual Fund agent gets somewhere around 2 - 2.5% commission. With this paltry commission, if he is giving you back something, then definitely he is mis-selling funds. He should not be relied on.
Go for agents, who have a good name in the market for their advise. Ask the agent the funds he has recommended to other investors and then review its performance. contact some of his present clients, get their views on the agents advise, service, etc and then Select the Agent.
Best of luck,
Srikanth Shankar matrubai...
26 Aug 2008 14:58
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Dear Raj,
Being a Certified AMFI Advisor, I can say with some authority that your wife\\`s firm WILL receive commission for the entry load paid by you. Not only this, she will also receive Trail Commission.
However, if your wife invests in her name, she will NOT receive any commission.
Best of luck,
Srikanth Shankar Matrubai...
Being a Certified AMFI Advisor, I can say with some authority that your wife\\`s firm WILL receive commission for the entry load paid by you. Not only this, she will also receive Trail Commission.
However, if your wife invests in her name, she will NOT receive any commission.
Best of luck,
Srikanth Shankar Matrubai...
26 Aug 2008 11:33
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Dear Manoj,
Invest in ELSS only when have to save tax via Sec 80C. Otherwise, always invest in Diversified Equity Funds. Your choice of investment through SIP is laudable.
My recommendation for ELSS funds are as follows:
Birla Sunlife Tax RElief 96 Fund
DSPML Tax Saver Fund
DWS Tax Saving Fund (Free Life Insurance of 5 times your investment is an added bonus)
Fidelity Tax Advantage Fund
HDFC Tax Saver fund
Kotak Tax Saver Fund
Lotus India Tax Plan
Prinicipal Personal Tax Saver Fund
Sundaram Tax Saver.
Sbi Magnum Tax Gain had a terrific past. But its bloated corpus may come in the way of superlative returns in future. Of the above, my personal favourite has been Birla Sunlife TAx Relief 96 for Aggresive Investors and Fidelity Tax Advantage for passive investors. Sundaram Tax Saver is a "Must Have" in every ELSS portfolio.
Best of luck,
Srikanth shankar Matrubai
You can visit my blog goodfundadvisor dot blogspot dot com for more details
...
Invest in ELSS only when have to save tax via Sec 80C. Otherwise, always invest in Diversified Equity Funds. Your choice of investment through SIP is laudable.
My recommendation for ELSS funds are as follows:
Birla Sunlife Tax RElief 96 Fund
DSPML Tax Saver Fund
DWS Tax Saving Fund (Free Life Insurance of 5 times your investment is an added bonus)
Fidelity Tax Advantage Fund
HDFC Tax Saver fund
Kotak Tax Saver Fund
Lotus India Tax Plan
Prinicipal Personal Tax Saver Fund
Sundaram Tax Saver.
Sbi Magnum Tax Gain had a terrific past. But its bloated corpus may come in the way of superlative returns in future. Of the above, my personal favourite has been Birla Sunlife TAx Relief 96 for Aggresive Investors and Fidelity Tax Advantage for passive investors. Sundaram Tax Saver is a "Must Have" in every ELSS portfolio.
Best of luck,
Srikanth shankar Matrubai
You can visit my blog goodfundadvisor dot blogspot dot com for more details
...
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