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MF Investment Help
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Market downturns are certainly not easy to digest but you should not let these unduly affect you. Read on to know the best ways to capitalize during such uncertain times....
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dear Guest
your portfolio seems to be okay, however to make it more diversified you can add :
1)Templeton India Equity Income Fund...a Speciality Fund which invests partly in Foreign Equities
2)DSPML World Gold Fund
Happy investing
thanks
Ashport...
In reply to:
LargeCap Funds
Posted by :
Guest
Right now I\\`ve got the monthly SIP of
1) Sundaram Select Focus - 5000
2) DSPML Top 100 - 5000
3) HDFC Growth - 5000
4) Reliance Growth - 3500
5) DSPML Tiger - 3500
6) SBI Magnum Contra - 3000
Is there any point in adding one more large cap? Do I need to add any more funds to make it perfect? Experts, kindly advise. 
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Dear mikhilji No there is no such forms as far as I know...you have to write to AMC giving details of your folio no and scheme for which you want to stop SIP and from which month onwards you want to stop. However please note that AMCs take almost one month for stopping SIP.
Regds
Ashport...
In reply to:
Stop SIP Application Form Format
Posted by :
m_i_khilji
Few days back, I asked about my SIP in Franklin Blue Chip Fund, and was suggested by experts to stop the same.
I sent email to HDFC to stop the same and they replied that it is stopped.
But this month also SIP for same fund is done. So, what I think is that an application is MUST for same.
Please suggest me, is there any specific format for "An application to stop SIP"?
If yes, then what should be the format?
So that, I can send the same to HDFC to submit to the AMC Registrar and get the SIP stopped.
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Dear MIKhilji, A plain exercise 'll solve ur problems. Check the past 6 months performance of ur existing funds with recommended funds. If performance of ur existing funds is at least in line with the market (in terms of fall), just hold ur existing funds but start new SIP in recommended funds. If ur funds r below market, switch it immediately.
Thanks
Ashal ...
In reply to:
Exit Load in Case of Switch / Exit
Posted by : m_i_khilji
Months back, I posted message asking help regarding my portfolio.
I was suggested a few switches. But, since, I invetsed in Jan-2008 and a lot of funds for which Switch is suggested has exit loads if I Exit or Switch before 1 or 2 years. Should I still go ahead for Swithces or shall I wait to avoid exit load?
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Dear MIKhilji, To stop an ongoing sip, written request is necessary. some AMCs just accept a plain application whereas some have specific forms for stop of SIP. So intimate Fr. AMC with a written request.
thanks
Ashal...
In reply to:
Stop SIP Application Form Format
Posted by : m_i_khilji
Few days back, I asked about my SIP in Franklin Blue Chip Fund, and was suggested by experts to stop the same.
I sent email to HDFC to stop the same and they replied that it is stopped.
But this month also SIP for same fund is done. So, what I think is that an application is MUST for same.
Please suggest me, is there any specific format for "An application to stop SIP"?
If yes, then what should be the format?
So that, I can send the same to HDFC to submit to the AMC Registrar and get the SIP stopped.
Tracked by: 0 Boarder
Months back, I posted message asking help regarding my portfolio.
I was suggested a few switches. But, since, I invetsed in Jan-2008 and a lot of funds for which Switch is suggested has exit loads if I Exit or Switch before 1 or 2 years. Should I still go ahead for Swithces or shall I wait to avoid exit load?...
Tracked by: 0 Boarder
Few days back, I asked about my SIP in Franklin Blue Chip Fund, and was suggested by experts to stop the same.
I sent email to HDFC to stop the same and they replied that it is stopped.
But this month also SIP for same fund is done. So, what I think is that an application is MUST for same.
Please suggest me, is there any specific format for "An application to stop SIP"?
If yes, then what should be the format?
So that, I can send the same to HDFC to submit to the AMC Registrar and get the SIP stopped....
Tracked by: 0 Boarder
Dear giridhari, first decide ur financial journey's destination (for what purpose u r saving, ur aim, ur time frame for the same, the risk u can take etc.). Then only ask where u should invest.
On a general basis, plz. don't mix up ur Insurance & Investment need.
If u need insurance opt Pure Term cover.
If u want to invest for ur financial goals, invest in MFs, Bank FDs, PPF, PO schemes etc. as per ur choice, returns, goal time frame & risk tolerance level.
Thanks
Ashal...
In reply to:
Invetment in ULIP
Posted by :
Giridhari
I want to do some SIP invesment either in mutual fund or ULIP. Please suggest which one I should opt ? also please suggest fund name whcih is good for this time
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Dear Friend, as u said u r in 30s, u need not to opt balanced fund right now. Regarding Large cap funds, as u already own DSP Top 100 & Sund. Focus, u may select between HDFC Top 200 & Birla Sunlife Frontline Eq.
Thanks
Ashal...
In reply to:
LargeCap Funds
Posted by : Guest
Dear Ashal,
Thanks. Being in 30, I may not go for a balanced fund right now. Perhaps I may consider Speciality Fund and also DWS Investment Opp Fund. But can you advise about the 3rd Large Cap fund to choose. As posted earlier, I already have DSP 100 and Sundaram Select Focus.
Regards,
Long Term Investor.
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Dear radnar33, as per ur recent info, the monthly returns from ur company deposits r 2.31% or annual compounded 31.6%. It is a healthy return by any means. keep it as it is. make sure such high returns r safe also as i'm unable to understand how a company can offer such high returns when money is available relatively cheap. Stick to invest till age 60. If u do increase ur Eq. MF sip by 8K rs. from sept. & 7K more by oct. ur total SIP amount 'll be appx. 24500 Rs. per month. thru this increased SIP amount u have very fair chance to get ur 1C corpus by the end of 7 years.
As the above matters r clear now, here goes my version for ur MF portfolio restructuring.
DSPML Equity - DR – SIP 2000 3.33 OK
DSPML Opportunities - DR 3.40 switch to DSP ML Top 100 for safety of large cap
DSPML T.I.G.E.R - 3.40 as ur age of 53, sectoral funds should not be there, switch to DSP Top 100 & Eq. in equal proportion.
Fidelity Equity - 1.63 not performing well, switch to HDFC Top 200
FIBCF 4.48 Switch to Temp. India Eq. Income fund
Franklin India FlexiCap Fund 7.02 not performing well, switch to DWS Inv. opportunity with Liq. + STP Route
Franklin India Prima Plus - 3.98 not performing , switch to HDFC Top 200
Franklin India Prima Plus 2.04 same as above
HDFC - Equity – SIP 1000 7.75 stop current sip & start sip in HDFC Growth
HDFC Top 200 - 1.37 Hold & increase exposure as per above recommendation
HSBC - Equity - SIP 1000 1.83 continue
ICICI Infra Struc -SIP 1000 0.27 same as advised for TIGER
Kotak 30 - SIP 1000 0.27 continue
Kotak Opprtunities - 2.20 continue
SBI-Magnum Contra-SIP 1000 1.09 continue
Reliance Equity Oppor 0.82 switch to Rel. Gr.
Reliance Growth - 2.58 continue
Reliance Vision - SIP 1000 6.39 switch to Rel. gr.
SundaramCapex Oppor-SIP 1500 6.43 avoid being a thematic/sectoral fund & switch to Kotak opportunity/DWS opportunity
Sundaram- Energy Oppor 3.40 same as above
Sundaram Select Focus - 6.46 continue & invest more
Sundaram Select Mid Cap 9.51 not performing well. switch in Rel. Gr. & in Sund. select Focus equally
TempletonIndiaEquityIncome 7.64 continue & invest more as recommended above
Tata Infrastructure Fund 1.36 same as for TIGER
Tata Equity Opportunities 3.40 Siwtch in DWS/Kotak opportunity
After all the above switching & restructuring, ur portfolio 'll have following funds with an over all large cap bias
1. DSP Top 100
2. HDFC Top 200
3. Sund. select Focus
4. Kotak 30
5. DSP Eq.
6. DWS Inv. opp.
7. Kotak inv. opp.
8. Rel. Growth
9. Temp. India Eq. Income
10. HSBC Equity
11. HDFC Growth
Although the no. of funds (11) still on higher side but more manageable in comparison to ur current portfolio. For all these funds use dividend pay out plan & invest ur dividends in debt as per ur choice as & when u get it. thru periodic investments of these dividends in Debt (bank FDs, Debt funds, FMPs, Company deposits etc.) ur over all portfolio 'll be restructured automatically between Eq. & debt.
Plz. feel free to ask if u need more help.
Thanks
Ashal...
In reply to:
MF Folio evaluation help
Posted by : radnar33
Ashal....thought would clarify the Co Deposit. 263120 is correct from which we recieve Rs 8980 (one time Initial comm income)plus Rs 15500 monthly for 60 months after which refund of Rs 1000000 (bond paper).All of this is taxable but like I had said....we have paid zero tax as until now as income tax cieling seems to have increased.Hope this helps....thank you...Radnar33
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Dear Ashal,
Thanks. Being in 30, I may not go for a balanced fund right now. Perhaps I may consider Speciality Fund and also DWS Investment Opp Fund. But can you advise about the 3rd Large Cap fund to choose. As posted earlier, I already have DSP 100 and Sundaram Select Focus.
Regards,
Long Term Investor....
In reply to:
LargeCap Funds
Posted by : ashalanshu
Dear friend, Normally an investor should have following break up in terms of total no. of MF plans.
3 Large cap
1 Mid cap
2 Multicap, diversified, opportunity
1 sectoral
1 balanced
1 speciality fund (here i mean gold funds or global funds to reduce over all risk).
total 8-9 funds r sufficient in any portfolio for a long term growth. the large cap funds should form the core of ur portfolio, hence the over all exposure to this category should be around 50-60%
Mid cap 10%
Multicap - 15-20%
Sectoral - 5-10% but zero before 3-4 years of retirement.
Balanced - initially zero if investors age is in 20s & should increase with age & by the time the person retires, it should be around 40%.
Speciality - 10% of ur initial portfolio.
Plz. note i have not used the word Ideal, as nothing can be ideal for everybody. U may take ur own break up & invest accordingly to reach ur goal post.
Thanks
Ashal
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Dear round rock, during past 1 month, HDFC had increased the home loan PLR 2 times. so at the revision time in oct, ur Interest rate may be around 12-12.5%. Plz. do take notice of the same. Please send a mail from ur ID to my ID. My id is given on my home page here at MMB. I have some other plans to u. alternatively u may send a private message to me here at MMB.
Thanks
Ashal ...
In reply to:
fund for 1.5 years
Posted by : round rock
thanks ranjan, right now i am at 10.75 (revision due in october) at hdfc, my loan is above 20 lakhs. i dot see much diff with PnB.
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Dear Raj, congrats. once again u r bang on target with an important & timely research.
thanks
Ashal...
In reply to:
SIP (or) Timing the Market
Posted by :
vvrk
Dear round rock,
The features in HDFC Endowment Plan that you took about 2 years back were good. It is always better to increase your premium or top-up your existing plan rather and taking a new one. The top-up charges are going to be less compared to premium allocation charges of a new plan.
Fund houses do give you the option to reduce your insurance cover. There are some clauses though. The minimum insurance cover should be the higher of (0.5 * term * yearly premium) or ( 5 * yearly premium). You might want to speak to your insurance agent to find out if reduction in sum assured is offered by HDFC and by how much you can reduce your sum assured. But before you reduce, I would advise you to check if you are adequately insured. Use the Human Life Value calculators available on the web. I prefer the one from personalfn site.
Also please be aware that expense ratio for Templeton India Pension Plan is not less. It is 2.15% which is actually high for a fund that invests 60% is debt. TIPP also has an exit load of 3% if you withdraw before 58 years of age.
The following is the comparision that I can think off.
TIPP (no entry load), HDFC EP (1% entry load since you are already invested and henced already paid the high first year charges)
TIPP (3% exit load before 58), HDFC EP (No exit load)
TIPP (2.15% expense ratio), HDFC EP (0.80% FMC)
TIPP (Fixed debt equity ratio), HDFC EP (asset allocation possible upto 100% equity and debt exposure)
TIPP (LTCG taxes on redemption), HDFC EP (No taxes on redemption if invested for 5 years)
TIPP (10.49% 3 year returns), HDFC EP (Equity Fund - 25.09%, Balanced 30 to 60% equity - 15.64%, Balance 15 to 30% equity - 10.08%)
So except for the entry load part, HDFC EP scores over TIPP in all other factors. Performance wise to in the past 3 years, HDFC EP seems to be better than TIPP even if we consider the balanced fund with max 30% equity exposure.
I would advise you to use your HDFC Endowment plan for your pension needs rather than TIPP. You might want to consider increasing your premium contribution to HDFC Endowment Plan and stop SIP in TIPP. Reduce your insurance component if you think you are adequately insured and do not need the additional insurance cover offered by the ULIP.
Please also consult others before you take a decision. A pair of eyes is always better than one.
Thanks,
Raj
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Dear round rock, In ur earlier message u asked for starting another policy for pension purpose (as per discussion between me & dear VVRK), that's why I advised u to go for the ULEP II from HDFC. On the basis of charges & performance, older ULEP is much better to current ULEP II, hence u may top it up with ur monthly sip. Before starting topup, plz. do convert ur regular prem. mode from annual/HY/qtly to Monthly mode, ar it 'll act like SIP & 'll give better cost averaging.
for reduction of Sum assured, first read ur policy document, most probably this info 'll be there. Alternatively u may contact HDFC for the same. As dear VVRK rightly posted it 'll be higher of the 2.
Once again i'll say that performance of all these ULIPs yet to be tested under prolonged BEAR phase.
As these ULIPs works on sum at risk principal, as & when ur fund value increases, the result 'll be lower sum at risk for ins. co. which '`l`l `mean lower mort. charges for u. Keep this ins. policy's Sum assured with all other Term Plans.
During my discussion with Raj (vvrk), I mentioned the tax angle of ULPP, which ultimately leaded us to opt ULIP as pension plans. My original view regarding ULIPs has not been changed. The basic disadvantage of these ULIPs 'll remain of forfeit of ur fund value, in case there is a claim & at the time of claim ur fund value is less than the sum assured.
Before jumping in, plz. look every pro & con of these plans.
My vote for long term financial planning is still with Term+MF combo.
thanks
Ashal ...
In reply to:
SIP (or) Timing the Market
Posted by : round rock
thanks ashal
one point about charges. with higher charges (allocation, mortgage, admin etc) the returns would be lesser in ULIP compared to TIPP. I am not paying any entry load and the FMC is vey low in TIPP. In long run, lower FMC makes lot of impact on the total returns. the question is does it outeigh the tax loss (on 2/3 of retrns, you are a senior citizen with less income and probably in lower tax bracket).
also i have HDFC Endoment scheme (2 years back) where the charges are very low compared to the current scheme Plus 2. does it make sense to go for top-up instead of stating a new plan with same fund house. ith top-up, i get the same lower charges with old fund. only issue is i had gone 40 times insurance. if i am vieing this for both insrance and retirement, then its not meeting the need. is it possible to reduce the insurance coverage ? to get more returns ?
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Ashal....thought would clarify the Co Deposit. 263120 is correct from which we recieve Rs 8980 (one time Initial comm income)plus Rs 15500 monthly for 60 months after which refund of Rs 1000000 (bond paper).All of this is taxable but like I had said....we have paid zero tax as until now as income tax cieling seems to have increased.Hope this helps....thank you...Radnar33...
In reply to:
MF Folio evaluation help
Posted by : ashalanshu
Dear radnar33, I always tell people to post all the relevant data while seeking help. Now as u posted ur age (53), in ur reply message, My advise 'll be to go for a conservative ratio of 30:70 as u planned originally for sake of safety of ur capital.
Here i assume u r going to retire by 60. so total u have 7 more years for new investment (read SIP). Continue ur current SIPs. One more thing u forget to mention about "3 of us". I assume it is U, ur wife & ur child. As per ur unfinished data here i assume, ur tax liability is nil as major part of ur Company FDs must be in the name of ur wife, which most probably is a house wife.
Inform me if my guess is wrong.
I'm unable to understand ur data regarding company deposits.
As per the prev. info the amount deposited in Company Dep. is around 263120. On this corpus u r getting 15500 Rs. per month, which translates into 5.58% per month return. or 98.74% annualized compounding returns. R u sure about ur data? I have a doubt about it? Plz. check the same & inform.
Some more info is required from ur side, that's why i'm not advising on ur existing portfolio at present. In my view all the relevant info should be known before advising.
Thanks
Ashal
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