Personal Finance

how to buy

Credit Cards

Posted by : aaaaaaa

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how one should buy credit card on which basis ?...

re: my portfolio

MF Investment Help

Posted by : ashalanshu

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Dear mayekar, From ur chosen funds,

Large Cap - HDFC Top 200 & DSP ML Top 100
Mid cap - Rel. Growth
Multical - SBI Contra
Balanced - HDFC Prudence
Sectoral - IPru Infra

All the funds chosen by u r proven performers over long duration in their respective category. No need to panic. Continue investment in the same.
1. Going for more aggressive fund under large cap category `ll be a personal call.
2. Sitting on Large amount of cash, has helped RRSF to contain the fall better but at the same time, it is a dangerous sign also. The reason is U & me or any other investors r investing in RRSF for Eq. returns & not the returns generated by money market instruments by sitting on cash. If sitting on the cash is going to protect our downslide, it `ll be better to have our money in our own hands.
3. Yes RRSF `ll dilute the large cap bias of ur portfolio.
4. Plz. note for past some time, only the name of SBI is contra, otherwise the portfolio of this funds is more like an aggressive multicap fund. So again it `ll be personal choice between an aggressive fund SBI contra & a conservative fund DSP ML Eq.

Thanks

Ashal...

In reply to:

re: my portfolio

Posted by : Mayekar

Dear Seniors/

I am having following portfolio of SIP MF

1. HDFC top 200
2 DSPML top 100
3 Reliance growth
4. Magnum Contra
5. HDFC prudence
6. Pru icici infrastructure

i am doing EQUAL amount SIP on multiple dates.

DSPML top 100 and magnum contra have replaced HDFC equity and Reliance vision( i stopped my sip in them after 2 yrs)

goal is to continue SIP for 3 more years .

following are my questions:

1. Should i chose a more aggressive large cap like sundaram select focus or K-30 instead of DSPML top 100 since i am already having a conservative large cap like HDFC top 200 in my portfolio

2 There is a strong temptation to chose Reliance regular savings equity fund instead of DSPML top 100 or another large cap. Reason being Reliance RSF has done better, as a fund it is still sitting on larger amounts of cash( so it can do better than others in coming period)

3 IF i chose reliance RSF i am afraid i will not have a large capo bias in my portfolio ( rel growth, Magnum contra, and Pru icici infr are not neccecarily large cap fund). Am i correct in assuming that i may not have a large cap bias by choosing relaince RSF instead of DSPML top 100

4.Ideally it would be better to have a multicap fund like DSPML equity in the portfolio . Instead i have chosen a contra fund like magnum contra. DSPML equity can still be added but then it will affect the balance of the portfolio. Pls comment

Seniors, pls guide
thank you
-Ritul

Asset Allocation by Profit Booking in MF

MF Investment Help

Posted by : ashalanshu

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Dear 250778, In the article, SWP stand for systematic withdraw plan.

Under SWP, u first invest a lump sum in any MF scheme & at the time of joining the scheme, also fill the SWP form for withdraw of money on a predefined interval (every week, every month, 3 months or 6 months). the SWP may be in money terms say 10K Rs. or 20K Rs. or in Units terms, say 100 or 500 units redemption on every SWP interval.

I hope the above info `ll be useful to u.

Thanks

Ashal ...

In reply to:

Asset Allocation by Profit Booking in MF

Posted by : 250778

Sir

What does SWP mean in the above article.?

Thanks

Advise Best Funds to Buy

Best Funds to Buy

Posted by : ashalanshu

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Dear Mayekar, thanks for ur wishes & congratulations.

Thanks

Ashal...

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Advise Best Funds to Buy

Posted by : Mayekar

Dear Ashal

Congratulations! on being awarded the recognition!
it is well deserved

thanks
-Ritul

Property prices not likely to come down

Property

Posted by : ashalanshu

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Dear friend, if u r buying the proposed property for self consumption, go for it right now. If it is for investment purpose, u should wait, as the current economic slump all around the globe, sooner or later `ll force the builders to reduce the prices.

Thanks

Ashal...

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Property prices not likely to come down

Posted by : Guest

I am planning to buy a flat in a underconstruction tower at Kharghar. However I want to know if the property rates there are likely to come down or not. It\\\\`s close to proposed Airport and a big park ( like Santosa park, Singapore) is likely to come up there. Plz advice at the earliest.

re: my portfolio

MF Investment Help

Posted by : Mayekar

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Dear Seniors/

I am having following portfolio of SIP MF

1. HDFC top 200
2 DSPML top 100
3 Reliance growth
4. Magnum Contra
5. HDFC prudence
6. Pru icici infrastructure

i am doing EQUAL amount SIP on multiple dates.

DSPML top 100 and magnum contra have replaced HDFC equity and Reliance vision( i stopped my sip in them after 2 yrs)

goal is to continue SIP for 3 more years .

following are my questions:

1. Should i chose a more aggressive large cap like sundaram select focus or K-30 instead of DSPML top 100 since i am already having a conservative large cap like HDFC top 200 in my portfolio

2 There is a strong temptation to chose Reliance regular savings equity fund instead of DSPML top 100 or another large cap. Reason being Reliance RSF has done better, as a fund it is still sitting on larger amounts of cash( so it can do better than others in coming period)

3 IF i chose reliance RSF i am afraid i will not have a large capo bias in my portfolio ( rel growth, Magnum contra, and Pru icici infr are not neccecarily large cap fund). Am i correct in assuming that i may not have a large cap bias by choosing relaince RSF instead of DSPML top 100

4.Ideally it would be better to have a multicap fund like DSPML equity in the portfolio . Instead i have chosen a contra fund like magnum contra. DSPML equity can still be added but then it will affect the balance of the portfolio. Pls comment

Seniors, pls guide
thank you
-Ritul...

No payment, if kid at the wheel`

Other Insurance Issues

Posted by : Leave it.

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To latikav

For your kind information about the news that flashed today--may be of some interest to you.
Japan`s Yamato Life Insurance goes bankrupt: Official

TOKYO: Japan`s Yamato Life Insurance will file for bankruptcy protection, becoming the first Japanese insurer to fail amid the global credit crisis,
the financial watchdog said on Friday. .

The Tokyo-based company will take necessary legal steps based on insurance law and will seek approval for rehabilitation, the news agency and other media said, quoting informed sources.

The medium-size insurer`s debts amount to 269.5 billion yen (2.73 billion dollars), Jiji said.

Telephone calls to Yamato went unanswered, but the company has scheduled a press conference later in the day, Dow Jones Newswires said

v.krishnamoorthy...

In reply to:

No payment, if kid at the wheel`

Posted by : Leave it.

To latikav

Thank you very much. I am certain that I read the news in an Indian news paper in the net. As I was suddenly obliged to attend a call, I allowed my colleauge to use the PC and hence could not save it.

I am a retired LIC official and a student of actuary. Hence I am interested in the news item. As I am in US, I am unable to get the help from others.

Please try and I shall also post the news if I find it.
Thank you for your reply.

With my best wishes and Seasons Greetings,
V.Krishnamoorthy

Advise Best Funds to Buy

Best Funds to Buy

Posted by : Mayekar

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Dear Ashal

Congratulations! on being awarded the recognition!
it is well deserved

thanks
-Ritul...

In reply to:

Advise Best Funds to Buy

Posted by : ashalanshu

Dear ksr.kiran, Here is first a calculation for ur amount.

@ 6K per month & 15% Growth rate (it is not gtd.) u 'll have appx. 5.6L Rs. after 5 years or 9.2L Rs. after 7 years. i don't know this amount is sufficient for ur house or not. Here is the list of funds u should invest.

1. HDFC Top 200 fund - 1000* 1 sip
2. Sundaram sekect focus - 250* 4 sip on different dates
3. DSP ML Top 100 fund - 1000* 1 sip
4. Rel. Gr. fund - 500* 2 sip on different date
5. DSP ML Eq. fund - 1000* 1 sip
6. HDFC Prudence - 1000* 1 sip

Thanks

Ashal

Advise Best Funds to Buy

Best Funds to Buy

Posted by : Mayekar

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Dear Ashal

Congratulations! on being awarded the recognition!
it is well deserved

thanks
-Ritul...

In reply to:

Advise Best Funds to Buy

Posted by : ashalanshu

Dear ksr.kiran, Here is first a calculation for ur amount.

@ 6K per month & 15% Growth rate (it is not gtd.) u 'll have appx. 5.6L Rs. after 5 years or 9.2L Rs. after 7 years. i don't know this amount is sufficient for ur house or not. Here is the list of funds u should invest.

1. HDFC Top 200 fund - 1000* 1 sip
2. Sundaram sekect focus - 250* 4 sip on different dates
3. DSP ML Top 100 fund - 1000* 1 sip
4. Rel. Gr. fund - 500* 2 sip on different date
5. DSP ML Eq. fund - 1000* 1 sip
6. HDFC Prudence - 1000* 1 sip

Thanks

Ashal

What should be done now?

First time stock investors

Posted by : RANJAN

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Make an asset allocation. Balance your portfolio every year. Continue to invest accordingly. Invest atleast 60% in large cap funds. Regarding investment in direct equity - have a look at the top 10 holdings of good rated , performing large cap funds. It will give you an idea which stocks to invest. Do not invest in two many scrips. 10 - 15 scrips will do. Regarding HDFC equity - it is not doing well. Switch to HDFC TOP 200 / HDFC GROWTH . If you are a tax payer - FMPs are a better option than bank FDs. ELSS can play a major role in your 80 C tax saving. PPF can also play a minor role initially and a major role in later years. Avoid too much in insurance. Go for PURE TERM COVER ONLY. Do not forget to have a mediclaim policy. ( even if you have group cover officially) ...

In reply to:

What should be done now?

Posted by : Scootysri

Hey guys, I`d been investing for the past 3 years...in shares and diversified equity funds (through SIP)...Even in this kind of market downtrend, i don`t feel as if i need to stop investing. Could you please tell me if am in the wrong side by making this plan. I invest in Mutual funds through SIP and whenever possible i keep investing in shares which i already have (to average). Is there any time frame when i can get some gain? Good thing here is that i am not in a hurry and i can wait for 2-3 years from now...
Shares that i have are:
Infosys (4)
L&T (4)
TVS Motor (150)
Kothari Sugars (400)
Patni Computers (20)
Mundra Port (25)
El Forge (100)
Reliance Petro (50)
Reliance Power (27)
ICICI (6)
Oriental Bank (30)
Genus Power Infrastructure (20)

Mutual Funds that i have units in:
Sundaram Select Midcap
Sundaram Select Focus
Reliance Growth
HDFC Equity Fund
Franklin Templeton India Prima plus

I also have investments in Fixed Deposit.

I am single and have not many dependency. Please give me valid suggestion that i can use at this stage of market.

Property prices not likely to come down

Property

Posted by : Guest

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I am planning to buy a flat in a underconstruction tower at Kharghar. However I want to know if the property rates there are likely to come down or not. It\\\\`s close to proposed Airport and a big park ( like Santosa park, Singapore) is likely to come up there. Plz advice at the earliest. ...

Depositer Protection

Other Personal Finance Issues

Posted by : Big Joohn

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With banks only guaranteeing 1 lac of your bank deposits, what can we do to save out money...

No payment, if kid at the wheel`

Other Insurance Issues

Posted by : latikav

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good morning,
ok,I will try to find out details regarding this news.
regds...
Vani.......

In reply to:

No payment, if kid at the wheel`

Posted by : Leave it.

TO latikav

Recently I read in a news paper either ET or B.std.that the general insurance companies should not insist for the copy of the FIR and its Number to make a claim in the case of M V accident. Would you please give me the details and your comments with the date of the newspaper. I am sure of the news from the indian court.
If I happen to trace it ,I shall also inform you.
thanks.
v.Krishnamoorthy

Health Insurance Plans

Insurance Help

Posted by : pcspune

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Dear Mr.v.krishnamoorthy,

Please note that Insurance companies are doing BUSINESS for Profit. They are not doing any CHARITY.

I am not sure that there will be no problems to get DUE CLAIMS even if you submit all Papers( FIR etc.).

P.C.Sharma...

In reply to:

Health Insurance Plans

Posted by : Leave it.

Dear Mr. Sarma,
I read a few days back --within two to three days-- that an Indian court has ordered that the insurance companies should not insist to submit an FIR copy for a MV accident and claim should be considered with other evidences available. Would you please let me know where it appeared with the details and your comments.
thanking you with regards,
v.krishnamoorthy

sale sale

MFs

Posted by : himinal

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because this is the right time to invest in stocks, these days is SALE SALE , so go and get the blue chip stocks in good price...