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MF Investment Help
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Dear pratyush,
You may Invest in Following Funds by SIP. You will get Free Life Insurance if your Age is below 45 years.You can take on your NAME. Make your Sons nominee & your wife as GURDIAN.
In case some unfortunate happens to INSURED PERSON, Mutual Fund Company will Pay All the Remaining Installments for Remaining Period of 15 / 20 years.
- KOTAK STARKID PLAN : Invest Rs. 2500 Per Month in KOTAK-30 Fund.
- Reliance SIP INSURE: Invest Rs. 2500 Per Month in Reliance Growth
Fund or Reliance Tax Saver Fund.
OPT for 10-15 years Plan.
P.C.Sharma
...
In reply to:
Childrens Education
Posted by :
pratyush1909
I have 2 sons, 8 years old (Twins). In another 10 years time, they would be entering college. I seek your advice on how to invest Rs. 2500/- each (Total Rs.5000/-) per month so that I may get the maximium possible corpus at that time. Which Mutual Fund schemes should I look at with that time frame in mind? 
Tracked by: 0 Boarder
Just a few points -
The following investments are fully taxable - So your net returns are much lower -
1) Interest on MIS
2) Bank FD
3) NSC - interest . AVOID NSCs TOTALLY.
It will be better if you can divert these investments gradually to PPF & mutual funds . One option is arbitrage funds. You get around 8% tax free returns without much risk. ...
In reply to:
regd portfolio
Posted by : computercare_hp
sir,
i am 40 years old and i am running following SIPs per month for last 03 years. So pls let me know should i resuffle my SIPs to balance my Protfolio or not in this type of market conditions
1. SBI Tax gain 93 -growth -3000/- p.m.
2. DWS tax saving growth -1500/- p.m. with insuarance option
3. Reliance vision -growth -3000/- p.m. with insurance option for 10 yrs.
4. Birla sun life tax relif 96-Growth -2000/- p.m. with insuarance option for 10 yrs.
5. Kotak opp. fund growth -1000/- p.m.
6. Reliance power sector diver-G -2000/- p.m.
7. Franklin Blue chip-Gorwth -1500/- p.m.
I have MIS of Rs.6,00,000/- of POST office , Bank FD of Rs.2,00,000/- and NSC of 1.5 Lacs, Rs. 1 lacs in PPF, Rs 1,00,000/- in equity and having term plan for Rs.20,00,000/- as insurance.my monthly income is 30,000/- p.m. I have 02 daughters of age 08 and 06 years.I am doing my ownusiness. so pls advise.
thanks ,
B.S.Dadwal PUNJAB
Tracked by: 0 Boarder
Go for large cap diversified equity funds - Choose any 2 -
1) HDFC TOP 200 / HDFC GROWTH FUND
2) SUNDARAM BNP PARIBAS SELECT FOCUS
3) DSPBR TOP 100
You can also invest part of your tax saving (under 80C) in ELSS preferably via SIP . Sundaram Tax Saver / DWS tax saving are good options.
Banks give educational loans at reasonable rates. One can claim deduction of interest repaid from one`s income. If there is a shortfall you can go for it. Infact if you are in the 30% tax bracket it is better to take a loan than put your own money. ...
In reply to:
Childrens Education
Posted by : pratyush1909
I have 2 sons, 8 years old (Twins). In another 10 years time, they would be entering college. I seek your advice on how to invest Rs. 2500/- each (Total Rs.5000/-) per month so that I may get the maximium possible corpus at that time. Which Mutual Fund schemes should I look at with that time frame in mind?
Tracked by: 0 Boarder
I have 2 sons, 8 years old (Twins). In another 10 years time, they would be entering college. I seek your advice on how to invest Rs. 2500/- each (Total Rs.5000/-) per month so that I may get the maximium possible corpus at that time. Which Mutual Fund schemes should I look at with that time frame in mind?...
Tracked by: 1 Boarder
I went and spent more than 18 hours with balance sheets and the hints given and was actually able to find one such company. Zero debt and more cash than market cap.
First it was pretty hard, but with the motivation i got from Yogesh here, I went on. Instead of just giving you on a plate - this strategy is very good for hard working people. Please share more such ideas. ...
In reply to:
Strike gold in times of financial crisis
Posted by :
MMB Messenger
There is gloom and depression all over; but these times provide some of the best opportunities to create wealth.
Tracked by: 1 Boarder
by the way which company is the author talking about, can any one suggest...
In reply to:
Strike gold in times of financial crisis
Posted by : MMB Messenger
There is gloom and depression all over; but these times provide some of the best opportunities to create wealth.
Tracked by: 0 Boarder
Dear B.S.Badwal,
You may Discontinue Following SIP.
SBI Tax Gain Fund
Reliance VISION Fund
Franklin Bluechip Fund.
You should have Insurance Cover of Min.40-50 Lacs.
you may Consider Following ULIPS:
Metsmart PLUS / Premier : Insurance Cover of Rs. 19.2 Lacs by Paying Rs. 2000 Per Month.
IDBI Wealthsurance ( Child Plan with Waiver of Premium Benifit): Insurance Cover of Rs. 10 Lacs by Paying Rs.1000 Per Month.
Invest in Following Funds.
Reliance Equity Advantage Fund : Rs. 1500 P.M.
IDFC Imperial Equity Fund : Rs. 1000 P.M.
HFC Growth Fund : Rs. 1000 P.M.
DSPBR Top 100 Equity Fund : Rs. 1000 P.M.
Continue Existing Term Insurance till 60 years Age & SIP in Other Mutual Funds.
P.C.Sharma
...
In reply to:
regd portfolio
Posted by : computercare_hp
sir,
i am 40 years old and i am running following SIPs per month for last 03 years. So pls let me know should i resuffle my SIPs to balance my Protfolio or not in this type of market conditions
1. SBI Tax gain 93 -growth -3000/- p.m.
2. DWS tax saving growth -1500/- p.m. with insuarance option
3. Reliance vision -growth -3000/- p.m. with insurance option for 10 yrs.
4. Birla sun life tax relif 96-Growth -2000/- p.m. with insuarance option for 10 yrs.
5. Kotak opp. fund growth -1000/- p.m.
6. Reliance power sector diver-G -2000/- p.m.
7. Franklin Blue chip-Gorwth -1500/- p.m.
I have MIS of Rs.6,00,000/- of POST office , Bank FD of Rs.2,00,000/- and NSC of 1.5 Lacs, Rs. 1 lacs in PPF, Rs 1,00,000/- in equity and having term plan for Rs.20,00,000/- as insurance.my monthly income is 30,000/- p.m. I have 02 daughters of age 08 and 06 years.I am doing my ownusiness. so pls advise.
thanks ,
B.S.Dadwal PUNJAB
Tracked by: 0 Boarder
Dear B. S. Dadwal, From the DATA posted by U, ur outstanding Loan liabilities (Home, Car, Personal etc.) r missing so i assume there r no such Loan liab. on u. From ur MLY. income of 30K, I assume ur living exp. r 33% of ur mly. income (appx. 10K Rs.)& 20% for education exp. of ur kids (appx. 6K). Remaining 47% (14K), u r investing as mly. SIP in the funds mentioned by u.
Here comes the calculations for u.
Till ur Age 60, ur y`ger D`ter `ll be of appx. 26 years (edu. complete & may be just married) So u `ll have to make adequate provisioning for Edu., Career & marriage exp. of both D`ter. Exact Nos. r not with me for ur expected marriage exp. But I assume for both d`ters` edu. & marriage exp. u need a total cover of 50L Rs. Apart from this to cover living exp. of family there is another cover requirement of appx. 30L Rs. Hence ur total cover Requirement is 80L Rs. But -
From ur existing investments -
1. Already a Term cover of 20L
2. Investment in various products = 11.5L
3. Total provisioning = 31.5L Rs.
Hence there is a short fall of appx. 50L Term cover. Go for following Split Term covers & Single Prem. ULIPs.
1. IDBI Wealth Assurance SP ULIP of 25K prem. for 20 Years for a cover of 10L
2. 25L Term Cover for age 55 from IPRU - Pure Protect Elite
3. 15L Term Cover for age 48 from Aegon religare
Plz. note i have not considered ur Ins. cover from ur existing MF investments. The reason is In case of Birla & DWS its very much low at present & in case of Rel. ur cover `ll decrease with time.
For ur investment in MFs.
1. SBI Tax gain 93 -growth -3000/- p.m. If u require it for ur 80C Investment, continue it but with 3 SIPs of 1000 Rs. each on different dates for better cost averaging.
2. DWS tax saving growth -1500/- p.m. with insurance option - 3 diff. SIP of 500 Rs. on diff. dates.
3. Reliance vision -growth -3000/- p.m. with insurance option for 10 yrs. - Its performance is not in line. If u can afford to forgo the ins. attached with this switch ur new SIPs to REl. RSF (EQ.) which is performing better these days.
4. Birla sun life tax relif 96-Growth -2000/- p.m. with insuarance option for 10 yrs. - Continue
5. Kotak opp. fund growth -1000/- p.m. - continue
6. Reliance power sector diver-G -2000/- p.m. - Its a sectoral fund, it w`d be better on ur part to divert ur new sip from this fund to a large cap better performing fund like HDFC Top 200.
7. Franklin Blue chip-Gorwth -1500/- p.m. - Switch over new SIP to Prima Plus which performing better than this under large cap category.
Thanks
Ashal...
In reply to:
regd portfolio
Posted by : computercare_hp
sir,
i am 40 years old and i am running following SIPs per month for last 03 years. So pls let me know should i resuffle my SIPs to balance my Protfolio or not in this type of market conditions
1. SBI Tax gain 93 -growth -3000/- p.m.
2. DWS tax saving growth -1500/- p.m. with insuarance option
3. Reliance vision -growth -3000/- p.m. with insurance option for 10 yrs.
4. Birla sun life tax relif 96-Growth -2000/- p.m. with insuarance option for 10 yrs.
5. Kotak opp. fund growth -1000/- p.m.
6. Reliance power sector diver-G -2000/- p.m.
7. Franklin Blue chip-Gorwth -1500/- p.m.
I have MIS of Rs.6,00,000/- of POST office , Bank FD of Rs.2,00,000/- and NSC of 1.5 Lacs, Rs. 1 lacs in PPF, Rs 1,00,000/- in equity and having term plan for Rs.20,00,000/- as insurance.my monthly income is 30,000/- p.m. I have 02 daughters of age 08 and 06 years.I am doing my ownusiness. so pls advise.
thanks ,
B.S.Dadwal PUNJAB
Tracked by: 0 Boarder
sir,
i am 40 years old and i am running following SIPs per month for last 03 years. So pls let me know should i resuffle my SIPs to balance my Protfolio or not in this type of market conditions
1. SBI Tax gain 93 -growth -3000/- p.m.
2. DWS tax saving growth -1500/- p.m. with insuarance option
3. Reliance vision -growth -3000/- p.m. with insurance option for 10 yrs.
4. Birla sun life tax relif 96-Growth -2000/- p.m. with insuarance option for 10 yrs.
5. Kotak opp. fund growth -1000/- p.m.
6. Reliance power sector diver-G -2000/- p.m.
7. Franklin Blue chip-Gorwth -1500/- p.m.
I have MIS of Rs.6,00,000/- of POST office , Bank FD of Rs.2,00,000/- and NSC of 1.5 Lacs, Rs. 1 lacs in PPF, Rs 1,00,000/- in equity and having term plan for Rs.20,00,000/- as insurance.my monthly income is 30,000/- p.m. I have 02 daughters of age 08 and 06 years.I am doing my ownusiness. so pls advise.
thanks ,
B.S.Dadwal PUNJAB
...
Tracked by: 0 Boarder
sir,
i am 40 years old and i am running following SIPs per month for last 03 years. So pls let me know should i resuffle my SIPs to balance my Protfolio or not in this type of market conditions
1. SBI Tax gain 93 -growth -3000/- p.m.2. DWS tax saving growth -1500/- p.m. with insuarance option3. Reliance vision -growth -3000/- p.m. with insurance option for 10 yrs.4. Birla sun life tax relif 96-Growth -2000/- p.m. with insuarance option for 10 yrs.5. Kotak opp. fund growth -1000/- p.m.6. Reliance power sector diver-G -2000/- p.m.7. Franklin Blue chip-Gorwth -1500/- p.m. I have MIS of Rs.6,00,000/- of POST office , Bank FD of Rs.2,00,000/- and NSC of 1.5 Lacs, Rs. 1 lacs in PPF, Rs 1,00,000/- in equity and having term plan for Rs.20,00,000/- as insurance.my monthly income is 30,000/- p.m. I have 02 daughters of age 08 and 06 years.I am doing my ownusiness. so pls advise thanks B.S.DadwalPUNJAB...
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Dear Jate, considering ur age, my advise is in continuation to what dear PCSPune had offered to u already. First of all Switch from all ur remaining schemes from Growth options to Div. pay out option & for new scheme3s too, opt div. pay out option. Where it`s possible to have div. transfer option select the same in favor of Balanced funds, otherwise first collect Div. amt. in ur bank acct. & then invest the same in balanced funds - HDFC Prudence, DSLBR balanced & Canera Robeco balanced r good option under balanced category. By applying this strategy, by default ur allocation to pure Eq. fund `ll come down & there `ll be an inbuilt safety of DEBT from balanced funds. After 3-5 years, u may transfer ur all Eq. investments in favor of balanced funds.
Thanks
Ashal ...
In reply to:
Mutual Fund
Posted by : jate
I have the folowing MF and I will be retiring in a few months and would like to know the prospects and suggestions.I can hold for another 3 years
1.DSP tiger
2.Reliance Diversifies Power Dividend reinvestment
3.Templeton Prima Fund,
4.Templeton Growth Fund
5.Sundaram rural Fund
6.Icici Prudential
7.FIOG
How do I get access to any MF to know the account statement esp.Reliance Power Fund
Kindly advice ocnsidering my age
Seshadri
Tracked by: 0 Boarder
Dear Roshninaath, From ur list of 6 funds, following 3 funds r under sectoral / thematic category which is a high risk high gain type category. As off now the days of High gains for these funds r over & high risk is running in these funds already. The way ahead is to invest in proven large cap funds. The reason is simple, as & when there `ll be a recovery in market, the Large cap ones `ll be the first to recover. So my advise `ll be to as below.
1. Birla sunlife equity fund (d) - Rs.27 less - divert new SIP to Birla Fr`line Eq.
2. ICICI pru power (G) - Rs.43 less, continue SIP
3. reliance div power (g) - Rs.30 less - Divert SIP to Rel. reg. saving Fund (Eq.) which a more pure diversified fund & one of star performer under current melt down.
4. Reliance vision fund (D) - Rs.21 less - Not performing well for more than a year, so divert SIP in HDFC Top 200
5. Sundaram capex (g) - Rs. 21 less - Divert SIP in Sund. Select Focus
6. UTI infra (g) - Rs.21 less - Divert SIP to DSPBR Top 100.
Plz. note I`m advising to start new SIPs only & stop ongoing SIPs in ur existing funds. Plz. don`t redeem ur existing funds.
Thanks
Ashal
...
In reply to:
guidance pls
Posted by : roshninaath
Hi Ashal
Due to the present mkt condition i see in red the following funds very low (nearly Rs.30 difference from the rate i bought) Hence thinking of averaging the loss by entering into SIP in the following funds for a period of 6 months all.. can u advice me is it a good idea or not...
1. Birla sunlife equity fund (d) - Rs.27 less
2. ICICI pru power (G) - Rs.43 less
3. reliance div power (g) - Rs.30 less
4. Reliance vision fund (D) - Rs.21 less
5. Sundaram capex (g) - Rs. 21 less
6. UTI infra (g) - Rs.21 less
Is my idea of averaging is good or to away is better so that i dont loose more. wats ur opinion / suggestion?
Thanks
Rosh
Tracked by: 0 Boarder
Hi Ashal
Due to the present mkt condition i see in red the following funds very low (nearly Rs.30 difference from the rate i bought) Hence thinking of averaging the loss by entering into SIP in the following funds for a period of 6 months all.. can u advice me is it a good idea or not...
1. Birla sunlife equity fund (d) - Rs.27 less
2. ICICI pru power (G) - Rs.43 less
3. reliance div power (g) - Rs.30 less
4. Reliance vision fund (D) - Rs.21 less
5. Sundaram capex (g) - Rs. 21 less
6. UTI infra (g) - Rs.21 less
Is my idea of averaging is good or to away is better so that i dont loose more. wats ur opinion / suggestion?
Thanks
Rosh...
In reply to:
guidance pls
Posted by : ashalanshu
Dear roshninaath, plz. continue with ur SIPs. for next 6 months. Make an assessment at that time & decide.
Thanks
Ashal
Tracked by: 0 Boarder
the markets are not expected to turn around in the next 6 months. while the funds appear prima facie sound it is not preferable to average on a falling market. it is my view as most of us are in similar situation. my view will be place any surplus now in bank fds and return to mfs once the current mess is cleared. i don`t think that a lifetime opportunity is missed if we skip to invest now. one can wait for 6 months to review. ...
In reply to:
Advice pls
Posted by : roshninaath
Hi
Due to the present mkt condition i see in red the following funds very low (nearly Rs.30 difference from the rate i bought) Hence thinking of averaging the loss by entering into SIP in the following funds for a period of 6 months all.. can u advice me is it a good idea or not...
1. Birla sunlife equity fund (d) - Rs.27 less
2. ICICI pru power (G) - Rs.43 less
3. reliance div power (g) - Rs.30 less
4. Reliance vision fund (D) - Rs.21 less
5. Sundaram capex (g) - Rs. 21 less
6. UTI infra (g) - Rs.21 less
Is my idea of averaging is good or to away is better so that i dont loose more.
Thanks
Rosh
Tracked by: 0 Boarder
Hi
Due to the present mkt condition i see in red the following funds very low (nearly Rs.30 difference from the rate i bought) Hence thinking of averaging the loss by entering into SIP in the following funds for a period of 6 months all.. can u advice me is it a good idea or not...
1. Birla sunlife equity fund (d) - Rs.27 less
2. ICICI pru power (G) - Rs.43 less
3. reliance div power (g) - Rs.30 less
4. Reliance vision fund (D) - Rs.21 less
5. Sundaram capex (g) - Rs. 21 less
6. UTI infra (g) - Rs.21 less
Is my idea of averaging is good or to away is better so that i dont loose more.
Thanks
Rosh...
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