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Best Funds to Buy
Tracked by: 1 Boarder
Dear Guest,
Your choice of Sundaram Tax Saver Fund is a very good one. But investing all your investment amount in One Fund or One Fund House is not such a wise move. Besides Sundaram, you should also look at other Good funds. Some of them are
Birla sunlife Tax Relief 96 Fund
DSPML Tax Saver Fund
DWS Tax Saving fund
Fidelity Tax Advantage Fund
HDFC Tax Saver Fund
Lotus India Tax Plan
Principal Personal Tax Saver Fund
If you add, Sundaram Tax Saver Fund, totally there would be 8 funds. You can invest 1500pm in sundaram and 500pm in the other 7 funds.
Review your investment after 2 years.
Best of luck,
Srikanth shankar Matrubai...
In reply to:
Which is BEST ELSS
Posted by :
Guest
Hello,
I need to invest montholy SIP Rs 5000 in ELSS for tax lanning.
I have selected Sundaram BNP tax saver fund for the same.
Is the choice is right or not?
Please suggest. 
Tracked by: 0 Boarder
Dear Guest,
For your age and time horizon, 100% equity exposure is warranted. Your risk profile also helps in the matter. With these consideration, I would recommend the following
1000 * 1 in Birla sunlife Equity fund (1000)
1000 * 1 in DWS Investment Opportunity Fund (1000)
500 * 1 in Fidelity International Opportunities fund (500)
500 * 1 in JM contra Fund (500)
500 * 1 in Lotus India Tax Plan (500)
250 * 2 in Relinace Growth fund (500)
250 * 2 in Reliance Natural Resources Fund (500)
500 * 1 in sundaram Select Focus Fund (500)
Take adequate Term Insurance for your security. You can invest your 20000 lumpsum in Debt Fund and go for an STP into a Large Cap Fund.
Best of luck,
Srikanth Shankar Matrubai...
In reply to:
help needed!!!!
Posted by : Guest
hi..i am 27yrs old n totally new to investing...i wld like to have your advice as which mutual funds and sip should i invest,in reference to the following points -
1) i can invest atlest Rs.5000 per month
2) i can invest Rs.20,000 per year
3)i have a long-time horizon
4) i can take risks
Tracked by: 0 Boarder
Dear Reddy,
At 18% returns CAGR, you would need to invest 12781 per month.
At 15% returns CAGR, you would need to invest 13338 per month.
At 21% returns CAGR, you would need to invest 12255 per month.
I hope you have also considered inflation while calculating your cost of house.
regards,
Srikanth Shankar Matrubai...
In reply to:
which mf is best for investing 5 years ho
Posted by :
n_reddy02
where i need to invest my money for 3 years, i want to buy house after 3 years, i needed money about 6 laks
Tracked by: 0 Boarder
MIPs - are a misnomer. You are not assured of monthly income.
They are usually funds with 25- 30% in equities and balance in debt.
They are suitable for people who are willing to take only little risk. On an average - they give about 8-10% in the long run. Usually they declare dividend every month or quarter. With the markets down at the moment - you might not get the usual returns. ...
In reply to:
What is Montlhy Income MF?
Posted by : tarun1979
Hi, I have searched about MIP MFs about could not get a general overview about the same, can you please help me?
Tracked by: 3 Boarders
Dear mayekar, plz. read my post in total, i had advised to redeem the initial SIP amount only, in all probability it 'll be without any exit load. Performance of rel. vision is down for more than 1-1.5 years. In fact it was lagging well before the market downturn.
Even in case of redemption from Vision, i had advised to invest using Liq. + STP route for staggered investment.
If u want to go with ur gut feel that sooner or later, vision 'll be able to perform like its older days, u may do so. Ultimately it's ur money & no better than u can judge about it.
thanks
Ashal ...
In reply to:
BEST FUND 4 SIP
Posted by : Mayekar
Dear Ashalji
You suggest redeeming in rel vision , but if an investor can hold and has been doing SIP in Rel Vision since past 2 yrs , is it better to hold and wait for better times in market and then sell
thx
Ritul
Tracked by: 0 Boarder
Hi, I have searched about MIP MFs about could not get a general overview about the same, can you please help me?...
Tracked by: 3 Boarders
dear arinshare,
i, pramod help out to solve this problem. why not you start sip in sundaram select focus fund the quarterly amount is rs.750 it is the large cap fund and also a good return. you can choose reliance it also allow the amount nearby rs.500 quarterly in natural resources fund this is the new fund and having the good return in the coming years or you alos choose the reliance growth fund - growth option....
In reply to:
BEST FUND 4 SIP
Posted by : arinshare
I am finally taking the plunge and zeroing in on MF Investment through Quarterly SIP Rs. 500 in three schemes. That results in my investment Rs. 500 every month.
My choice in line with the condition - Quarterly SIP Rs. 500 is mentioned below.
Templeton India Income (G)- Say September, December
Franklin Templeton Prima Plus - Say October,January
I am looking for the third MF name who allows Quarterly SIP Rs. 500. Please help me get that name and if any new view you have, please share with me.
Tracked by: 3 Boarders
dear ritul,
you are correct you hold your sip in reliance vision fund till 2 years but you wait for sometimes till the february or march 2009. because the market is not stable yet and the market is unstable till 4to 5 months then after their is the chance of stablity in market then you can redeem your units under this scheme.
you can having the good profit in this scheme if you have wait for 5-6 months....
In reply to:
BEST FUND 4 SIP
Posted by : Mayekar
Dear Ashalji
You suggest redeeming in rel vision , but if an investor can hold and has been doing SIP in Rel Vision since past 2 yrs , is it better to hold and wait for better times in market and then sell
thx
Ritul
Tracked by: 3 Boarders
you choose these four funds very good but instead of birla tax\\\\\'96,you can also choose the dsp ml top 100 equity fund....
In reply to:
BEST FUND 4 SIP
Posted by : nashir
I started with SIP in following fund.It is correct or not?
1 SBI CONTRA
2.HSBC Equity
3.REL.POWER DIV.
4.ICICI INFRA.
5. BIRLA TAX'96
Tracked by: 0 Boarder
Dear mam,
I want to invest in a gold fund. plz suggest a right gold ETF fund....
Tracked by: 3 Boarders
Dear Ashalji,
Thanks alot for your quick response.
Regards,
Manher Desai...
In reply to:
BEST FUND 4 SIP
Posted by : ashalanshu
Dear Man, Here r some notable performers under Liq. + category.
1. Canera Robeco Liq. + retail
2. HDFC Cash Mgmt. Savings Plus
3. DWS Money Plus
4. Birla Sunlife Liq. + retail
5. Kotak Flexi debt.
Thanks
Ashal
Tracked by: 1 Boarder
Hi ashal,
First of all Thanks for giving very effective suggestion.I too think that I have more sectorial funds.So as per your suggestion i will take the appropriate action.
Can you please suggest me can i use auto-transfer in respective scheme using the SIP,it will help me to discount the market.
Thanks
Vdixit...
In reply to:
Should hold this Fund?
Posted by : ashalanshu
Dear vdixit, Out of ur 10 funds, 4 funds belong to Sectoral/Thematic category. A bad choice. Normally these types of fund should not be more than 10% in any portfolio. Even for a very high risk taking investor, 15% max. is enough. In ur case it is 40% of ur portfolio.
I assume due to this sect./them/ heavy portfolio, u may be in loss, more than market level.
1)HDFC Equity growth switch it to HDFC Growth, which is performing better
2)Reliance Diverified Power sector continue
3)Reliance RSF growth continue
4)ICICI service industries growth switch to either HDFC Top 200 or DSP Top 100 for large cap fund as core of ur portfolio.
5)Reliance Equity oppurtunity growth switch it to DWS Inv. OPP.
6)Relaince Natural Switch it to Rel. Gr.
7)Sundaram CAPEX oppurtunies fund Switch it to Sund. select focus for large cap fund as core of ur portfolio.
8)DSP world Gold fund continue
9)Fiedility Tax advantage. Stop new SIP. For taxation purpose invest new SIP in Principal personal Tax saver or DWS tax saver (free ins. is an added advantage for DWS).
10)Magnum Global fund. switch to Contra.
Thanks
Ashal
Tracked by: 3 Boarders
Hi man..thnaks a lot for taking time to help me around...
ya u are right abt the sip tenures to be revised fo every year but since i was of the view to be invested for min 5 years so was thinking to continue...
On similar lines to ur advice i have subscribed to DSPML top 100 equity so tht i can phase out franklin INdia bluechip with it....i had shortlisted Sundaram select focus ad kotak 30 as well but then dnt go with them coz of the higher risk involved with them....wanted to balance my folio a bit with a low risk fund and so took DSP 100...
thanks a lot and will keep bothering u with things every now and then
regards
ankit...
In reply to:
BEST FUND 4 SIP
Posted by : ashalanshu
Dear Ankzvohra782, please stop ur ongoing SIP in Rel. Vision & Fr. Bluechip. Divert these SIP into better performing, Birla Frontline Eq. & Sund. Select Focus fund, even HSBC Eq. may be chosen. Here i\\`m talking to replace the Large cap fund with another large cap fund.
Invest with multiple SIP on different dates say 500*4 for Sund. select Focus or 1000*2 for Birla Fr\\`line or HSBC Eq.
always invest thru SIP for 1 year only. Judge the performance, after 1 year, if it\\`s in line with over all market performance or category performance, continue the fund, if its performance is slipping continuously, then change the fund.
As u said u were investing in Vision & Bluechip for more than 2 years, ur initial SIP investment can be redeemed without any exit load. redeem the same, & use Liquid + fund, STP Route to invest it in ur chosen funds.
thanks
Ashal
Tracked by: 1 Boarder
Hi Ashal.
thanks for ur reply.The problem is that i m into shipping and stay away for about 6 months in a year.Secondly i m from a small town in himachal and here it is hard to find good investment guidance though there r a lot of brokers.Most of my MF investments and insuranceplans in 2006 and 2007 were done on verbal advice through these brokers.Off late i have myself started taking intrest and to my surprise i found that i wasnt in a good position.I am assured of an annual income of rs. 8-9 lacs in a year for the next 5 years. All funds i have in will be retained by me till 2010 when i will be looking to buy a house and will require about 20 lacs cash. i plan to invest another 2- 2.5 lacs in MF's early next year holding them afor about a year and a half or two.I also have i nvested 25% of my money in bank FD's and also investing 70000 annually in PPF since 2006.I plan to stop paying the ULIP premium from 2009.Other than that i have 2 LIC endowment plans with a risk cover totalling 11 lacs.Kindly advice some good MF's i should invest in and some investment guidance.
regards,
andy ...
In reply to:
hi
Posted by : ashalanshu
Dear andy2581, Please never ever invest just for sake of investment. Investment should be goal/aim specific. For ur query -
hdfc top 200(G) 1 year sip from 2006 invested rs12000 OK. Invest more
hdfc mid cap fund rs 20000, 2007 august not performing well.
hdfc tax saver fund ELSS rs 500 sip 2006 3 year lock in not performing well, stop current SIP & divert it too DWS Tax saver
reliance diversified power sector fund (G) sip rs. 2000 since august 2007. being a sectoral fund is a high risk bet. Keep total exposure to sect./theme funds not more than 5-10% of ur portfolio.
icici pru infra fund (G) 1 year sip rs 1000 since june 2008 A theme fund, already discueed with Rel. power
tata infrastructure fund (G) rs 10000 july 2008 again a theme fund....
reliance regular saving fund equity rs 10000 july 2008 As of now OK
franklin india index select equity fund 1 year sip rs 1000 since aug 2006. not performing well.
what is ur max. return expectation? hold ur funds or switch as per ur financial position, future goals etc.
Not a single fund is the best fund for u if ur total portfolio is not in line with ur risk appetite & long term (her by long term i mean 10-15-20 years)financial planning.
Expecting good returns from ULIPs is a bad choice itself. Pay this year's prem. & decide after that, u want to continue the policy or not.
One should always invest in all types of instruments for a fair amount of diversification. Be it Debt or Eq. or gold or property etc.
Thanks
Ashal
Tracked by: 3 Boarders
Dear Ashalji
You suggest redeeming in rel vision , but if an investor can hold and has been doing SIP in Rel Vision since past 2 yrs , is it better to hold and wait for better times in market and then sell
thx
Ritul...
In reply to:
BEST FUND 4 SIP
Posted by : ashalanshu
Dear Ankzvohra782, please stop ur ongoing SIP in Rel. Vision & Fr. Bluechip. Divert these SIP into better performing, Birla Frontline Eq. & Sund. Select Focus fund, even HSBC Eq. may be chosen. Here i\\`m talking to replace the Large cap fund with another large cap fund.
Invest with multiple SIP on different dates say 500*4 for Sund. select Focus or 1000*2 for Birla Fr\\`line or HSBC Eq.
always invest thru SIP for 1 year only. Judge the performance, after 1 year, if it\\`s in line with over all market performance or category performance, continue the fund, if its performance is slipping continuously, then change the fund.
As u said u were investing in Vision & Bluechip for more than 2 years, ur initial SIP investment can be redeemed without any exit load. redeem the same, & use Liquid + fund, STP Route to invest it in ur chosen funds.
thanks
Ashal
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