If you are looking for best mutual funds to invest in 2013 in India, go here to read my article on the same.
Everything below is for 2012 and earlier so you might want to skip reading.
If you are looking for best mutual funds to invest in 2012 in India, do read our new articles:
- Best Large Cap Mutual Funds to invest in 2012 in India
- Best Large Cap and Mid Cap Mutual Funds to invest in 2012 in India
- Best Mid Cap and Small Cap Mutual Funds to invest in 2012 in India
- Best Tax Saving mutual funds to invest in 2012 in India
For best mutual funds to invest in India in 2011, carry on reading the below article –
It’s the right time in the year to revamp your portfolio of mutual funds to clear out the duds and hand pick those which will add value and stability apart from giving some decent returns in 2011. Obviously, the mutual funds that we want to pick are the ones that have been the stalwarts of performance over both bull and bear phases of the stock market in the last few years. Let’s see the best mutual funds to invest in 2011 for a robust portfolio.
As a side note, there is some interesting read on the mutual funds that notched the highest returns in 2010 for investors. Have a look at that as well.
While there a quite a few that make the list, I have chosen 10 from different categories. Let’s get to our list of best mutual funds to invest in 2011.
1. DSPBR Top 100 Equity Reg
DSPBR Top 100 Equity Reg is an open ended large cap equity fund bench-marked against BSE 100 running for 7 years now. It has returned a staggering 35% since launch, that is no small feat for a fund whose net assets have now swelled to Rs 2,773/- crores. With a low risk taking capacity and a above average return, this fund should be on the top of your shopping cart in 2011.
| Returns in % | ||||
| DSPBR Top 100 Eqt Reg | Since Launch | 5 yr | 3 yrs | 1 yr |
| Fund | 35.11 | 21.99 | 3.78 | 17.23 |
| Category | – | 16.38 | -0.09 | 18.2 |
2. DSPBR Balanced
DSPBR Balanced is a hybrid equity oriented mutual fund that is bench marked against CRISIL Balanced. With a track record of 11 years and a below average risk profile, the returns have been above average – around 18%. The corpus of around Rs 790/- crores makes it easy for the fund manager to manage the fund. As of writing, the portfolio allocation between equity and debt stood at 75% and 25% approx.
| Returns in % | ||||
| DSPBR Balanced | Since Launch | 5 yr | 3 yrs | 1 yr |
| Fund | 18.06 | 18.57 | 5.22 | 16.11 |
| Category | – | 14.28 | 2.02 | 16.49 |
3. Franklin India Bluechip
Franklin India Bluechip fund is a veteran of a fund – it’s running for some 17 years now. Bench marked against the Sensex, the returns have been high, around 26.5% since launch. With a low risk profile and a steep orientation towards large cap stocks, this fund is a great gem to have. It’s long term outlook on stocks and ability to give returns to investors without taking unnecessary risks makes it a top contender in your portfolio for 2011.
| Returns in % | ||||
| Franklin India Bluechip | Since Launch | 5 yr | 3 yrs | 1 yr |
| Fund | 26.64 | 19.24 | 4.89 | 19.87 |
| Category | – | 15.39 | -1.15 | 14.32 |
4. Birla Sun Life Frontline Equity
Bench marked against the BSE 200 this 9 year old fund has come in the lime light since 2006. Birla Sun Life Frontline Equity has an allocation to both large caps and mid caps – in fact, its allocation to mid caps has risen of late – currently mid caps account for 20% of the portfolio while the rest is held by large caps. With a below average risk profile and a great fund manager at the helm of affairs, Birla Sun Life Frontline Equity should feature as a must have open ended diversified equity fund in your portfolio for 2011.
| Returns in % | ||||
| Birla Sun Life Frontline Equity | Since Launch | 5 yr | 3 yrs | 1 yr |
| Fund | 30.66 | 21.79 | 3.83 | 14.66 |
| Category | – | 15.39 | -2.31 | 13.13 |
5. HDFC Top 200
This 14 year old fund needs no introduction. Up against BSE 200, it has delivered 26% returns since launch and has always maintained a low risk profile. This should form the core part of your portfolio – nearly 80% of its holdings are held in large cap and the rest in mid and small caps. A long term track record and process oriented management makes it one of the best equity diversified mutual funds for every portfolio in 2011.
| Returns in % | ||||
| HDFC Top 200 | Since Launch | 5 yr | 3 yrs | 1 yr |
| Fund | 25.89 | 22.06 | 8.53 | 20.86 |
| Category | – | 15.39 | -2.31 | 13.13 |
6. HDFC Prudence
HDFC Prudence has been in existence since 1994 and with an annual returns of around 22%, it has exhibited prudence in delivering returns for investors. It did falter in 2007 and 2008 but has come back strongly to show it can be relied upon. Nearly 50% of its portfolio is in large caps while the rest is in small and mid caps. As of writing, it has maintained a 75% allocation to equity and 25% in debt. A great choice in the hybrid category for year 2011.
| Returns in % | ||||
| HDFC Prudence | Since Launch | 5 yr | 3 yrs | 1 yr |
| Fund | 21.99 | 20.23 | 9.21 | 22.79 |
| Category | – | 13.74 | 1.27 | 13.07 |
7. HDFC Tax Saver
Another one from the HDFC stable, this ELSS (Equity Linked Saving Scheme) fund has returned a staggering 35% since its launch 15 years ago. Bench marked against S&P CNX 500, it has delivered high returns with a moderate risk profile. As of writing it has maintained 60% allocation to large cap stocks and the rest to mid and small cap. Nearly 90% of its holding is in equity.
| Returns in % | ||||
| HDFC Taxsaver | Since Launch | 5 yr | 3 yrs | 1 yr |
| Fund | 34.5 | 16.84 | 5.35 | 21.39 |
| Category | – | 13.42 | -2.75 | 14.53 |
8. Canara Robeco Equity Tax Saver
This 17 year old ELSS (Equity Linked Savings Scheme) mutual fund has delivered returns of 16% year on year. It’s bench marked against BSE 100 and nearly 60% of its holding is in large cap stocks and the rest in mid cap and small cap. A small net asset of Rs 230 crores makes it easier for the fund manager to manage this fund well. With a mantra of long term investment strategy and well diversified portfolio, its hard to avoid this fund this year.
| Returns in % | ||||
| Canara Robeco Equity Tax Saver | Since Launch | 5 yr | 3 yrs | 1 yr |
| Fund | 16.22 | 21.44 | 6.51 | 21.15 |
| Category | – | 13.42 | -2.75 | 14.53 |
9. Canara Robeco Income
Like Sahara Income (No. 10 down below), Canara Robeco Income is bench marked against CRISIL Comp BFI and is 9 years old. Majority of its holdings are in debentures, GOI securities and commercial paper. Certificate of deposits and treasury bills also feature in the portfolio. The average credit rating of AAA makes it a safe parking avenue for investors. With a return of 8.8% in the debt category, Canara Robeco Income makes for a great asset in your 2011 portfolio.
| Returns in % | ||||
| Canara Robeco Income | Since Launch | 5 yr | 3 yrs | 1 yr |
| Fund | 8.89 | 10.16 | 13.37 | 4.98 |
| Category | – | 6.32 | 6.35 | 4.74 |
10. Sahara Income
As the name goes, the intent of this open ended fund is to generate regular income through investments in debt instruments – most of its investments are in certificate of deposits and commercial paper. The average credit rating of holdings is AAA which makes it a safe mutual fund – hence the risk profile of the fund is very very low. The returns have been above average when compared to the benchmark CRISIL Comp BFI. Around for some 9 years now, Sahara Income is a must have debt oriented mutual fund in your portfolio in 2011.
| Returns in % | ||||
| Sahara Income | Since Launch | 5 yr | 3 yrs | 1 yr |
| Fund | 7.09 | 8.63 | 9.86 | 5.46 |
| Category | – | 6.32 | 6.35 | 4.74 |
Are there any mutual funds you know of which needed to make it to the list ?
You have forgotten to add the below
Fidelity Equity,
Magnum Contra
Tata Infrastructure
DSPBR Opportunites and many more.
Can you do a comprehensive list at all ? With these 10 funds, I will not know whether I shoudl keep or sell the one I have which does not belon ot this list.
@Rajeev, I have mentioned just 10 good mutual funds to invest in. This is obviously not the comprehensive list at all. Its difficult to do a comprehensive listing.
I guess you will need to use some good websites or a financial planner to make sure what you have is useful or not.
sir,
i want to invest in mutual fund / sip, so i want to know in which i would invest.
@shankar, Try any of the above. All are good.
I have recently got a job and wants to invest.Could you guide me on how to start investing.
@Kamlesh, First get a DEMAT account; do your KYC while you open it; choose a MF to invest and follow systematic investment planning route of MFs to invest monthly.
what should be my first MF. Help me
@jaspal negi, How long of a time frame do you have for your investment ?
I have a time frame of 10 years for investement. I have never invested earlier in MFs. Please recommend the 5 MFs for investing.
@Anil Mittal, Start with HDFC Top 200 and DSP Black Rock Top 100 – both in Growth schemes. Take the SIP route only. Go with these to begin with. We can chug along and advise the rest after you have invested in these.
@TheWealthWisher, Hi Thank you very much for the valuable article. Based on you advice i have Started SIP with HDFC Top 200 and DSP BR TOP 100 Growth. I am 27 years old. I am saving money to pay off my housing loan in next few years.
Currently I have invested Rs.1000/- in these two SIPs. I am expecting a salary increment within next two months. Should I include Additional SIPs or increase the Amount in these two MFs. I can invest additional Rs.2000/- per month. Suggest best options to invest this additional Amount.
@Ram, Increase amount in these two SIPs. Do not start two new MFs.
What is the best MF to invest for timeframe of 2-3 yrs?
Dear sir,
your advice is very helpful for new investor,sir i am a nri and presently working in dubai. plz provide me what is the procedure of investing online mf and which is best top 5 mf (fund wise)investment for time frame 2 to 3 years.
Thainks in advance
@naeem ahmad, Do you have an online DEMAT account – if yes, you can invest in MFs through that.
For 2 years, invest in debt MFs. Why do you need 5 MFs ? Read this – https://www.thewealthwisher.com/2010/10/22/how-many-mutual-funds-should-you-invest-in/
sir i want to invest in mf in first time pls help me
@vikas, What help do you need ?
Apart from sahara and canara robeco funds, I would say your choice is excellent. I have held these funds and have received decent to very good returns. Goodluck to all the investors.
@Mansoor, thanks Mansoor
Hi,
Are all the mutual funds come under tax saving section 80C….
Means can we invest in any mutual fund and save the tax….
Or there is some category for MF, only those are getting count for tax savings. If yes, then can you please guide/list those ones :). Thanks.
@Chirag, No, not all mutual funds can save you tax, those that do are called ELSS (Equity Linked Saving Schemes). I can do a future article on this.
Great will wait for that article.
What is the best MF to invest for timeframe of 2-3 yrs? and what about online mf?? can u please helppp….thanx
@N khan, Go for debt mutual funds, not equity ones at all. Not sure I understand your question on online mf ?
Sir can you please guide me to how to start,i have never invested and i am not sure were or what to do.I will appreciate any advice.thanks
@marie, Do you have a DEMAT account ? Can you first figure out what you are investing for ?
Read https://www.thewealthwisher.com/2010/10/07/setting-financial-planning-goals-or-goal-based-investing/. There are MFs meant for short term, medium term and long term goals.
What do you want to invest for ?
Hi Radhey.. This is exactly the kind of article I was looking to find! I am a NRI – just set up my DEMAT account and I’m looking at investing lump sums vs the SIP method.. Couple of quick questions :
1. How long would u recommend an individual stay with a MF for? 1 yr/2yr/3yr
2. Since I’m new to MFs, in what % would u suggest I distribute my savings and into which funds.
Thanks in advance!
@Ken Fernandes, Ans to Q1 – That depends on what you need the money for. Read https://www.thewealthwisher.com/2010/10/07/setting-financial-planning-goals-or-goal-based-investing/. There are MFs meant for short term, medium term and long term goals.
Ans to Q2 – Need more details. What is your age. How many dependents What are you saving for. What is you current asset allocation ?
1. I havent really assigned myself any goals.. but after reading that excellent write up, I suppose I would require one for a short term (impending doom a.k.a marriage) and one for a 3 year term (new car/divorce). Personally, I really hope its the car!
2. I’m 30, No dependants (currently), I’m looking at ways to invest my money because currently it just lies in my account doing nothing. I do have two very long term SIP equity based plans with Zurich & Friends Provident where I invest USD 2000 a month.
@Ken Fernandes, Ken, what is your nationality and in which country are you investing ? Sorry to ask, but I write about the Indian investing industry and can advise on products based here though the concept of financial planning will be same everywhere.
Radhey, I am an Indian and I’m a resident in Dubai. I am looking at investing now in the Indian market thru my DMAT account which I have just set up with Kotak Mahindra.
I was looking at a lump sum investment because currently my surplus money is just sitting in a regular account doing nothing…but after reading most of your articles, I suppose doing this through SIP would be a better option.
@Ken, Ken, be careful of being mislead into buying stocks by stock brokers. You and any investors best bet is to invest in mutual funds systematically over a period of time (SIPs).
Avoid lumpsum as timing the market is not everyone’s cup of tea.
Kotak’s online facilities are good. I use it and find it comparable to ICICI Direct’s.
Read this : https://www.thewealthwisher.com/2010/10/13/systematic-investment-plan-sip-of-mutual-funds-the-basics/
Hi Radhey, I am new to Mutual fund. I am 40+. I opened a DEMAT account recently and I also have a HDFC online account. I never invested in Mutual fund. I wanted to Invest to a max of 2 to 3 years. What is your suggestion to start with?
@Gopal, why do you want to invest only for 2-3 years ? And why in a mutual fund ? Why not in a FD ? What are you saving for ?
Hi Radhey, I’m also a new customer in this MF business. I have certain goals to achieve. I went through your write up and it is wonderful. I have already invested in one SIP – SBI Magnum Contra Fund. But I have to stack up money to buy a decent house in next 5-6 years.I am just 25 years old. then my marraige. I have 2 dependents. Could u please suggest few long term MF with good return having the above goals in mind.
Thanks in advance.
Dear Sir,
I,m 33 years old. Earning 65 KINR monthly. With the present condition, i can able to save 50% of my income.
I have certain Investment goals:
a. To fund (Rs. 15 laks) my daughter’s higher education. She is 3 yrs old as of now.
b. To fund my daughter’s marriage- 20 years from now. (Fund requirement: 15 lacs cash and Gold 1.6 Kg—apprx Rs.32 lacs at today’s gold rate.)
c. To fund (50 lacs)at the time of my Retirement in another 30 years.
Please suggest how should I plan my Investments to fulfill the above goals.
a. What mode of Investment to be followed, MF, Insurance, PPF, FD,etc.
b. What should be the portfolio
c. How much to invest in each category
d. How long to invest to built the above corpus to achieve each goals.
Thanks & Best Regards,
Raj
@Raj,
50% saving of income is great !! Good !
You have all long term goals – go with 60% equity and 30 debt and 10% gold.
Invest via SIPs. Take the MFs route (equity diversified). Buy stocks only if have the ability to choose them – don’t follow others advise.
I must admit that I can only guide you here without providing the details you might be looking for as that is a paid service we offer and it required substantial amount of time.
@S Manna, You are young so congrats on the great start.
For long term goals, take DSPBR Top 100 Equity and HDFC Top 200.
2-3 years before you want to buy the house, move your money into debt products so that its safe.
Dear Sharma Ji
Can you please tell me which is best option to invest in Mutual funds (a) D-Mat account or through a (b) Trading agent.
I have invested through a trading agent.bt would like to shift to D Mat account if you will suggest only then. Right now my age is 29, I am single, annual income is around 6 lac Plus pa. I am going through sips of Rs 2000/- per Month for each with growth options. And funds I have opted are
(1) HDFC Top 200, (2)HDFC Equity, (3)HDFC Balanced, (4)DSP Micro Cap, (5)DSP small & MID Cap, (6)IDFC premier Equity,(7) Reliance Equity opportunity, (8)ICICI Focused blue-chip Fund, (9)Fidelity Equity, (10) Fidelity tax advantage,(11)ICICI Prudential balanced.
Can you please tell me about these funds and their future prospectus? How long should i hold these funds? Should I carry on with all or do you suggest any funds to be dropped from the basket.
Thanks and Regards
Naveen Thakur
@Naveen Thakur, I think if you a bit net savvy then go for D-Mat. I don’t like trading agents as you are dependent on them to do things for you. If you have a mobile job, d-mat works great.
Some of the funds you have chosen are good while some you could do without.
Read : https://www.thewealthwisher.com/2010/10/22/how-many-mutual-funds-should-you-invest-in/
To analyse the funds you have mentioned, you might want to take paid services so that a thorough job is done. It’s not possible to do justice here via comments. It needs some hours of work.
Hi Radhey,
I already have a demat account with ICICI Direct, have opened few years back :). Though due to lack knowledge of investment, didn’t use it much.
I understand that some charge is applied on investment for SIP/LUMPSUM thourgh online while direct no charges. Is it good to invest online because of easy tracking and less charge…… and also are they taking care of statements and other stuffs well.
@Chirag, They are doing the best job you can imagine. Get back to investing, d-mar or no d-mat. Don’t use offline investing methods.
Dear Sir,
First time i have invested in MF, i have started with SIP and i have invested in HDFC TOP 200 GROWTH FUND and Reliance Equity Opportunities Fund – Retail Plan (G) for one year and my mode of payment is through ECS.
Sir, it is compulsory to have demat account? What is the benifits of demat account ,b’coz i don;t have it,
secondly could u please tell me that after one year should i continue with the same funds or should i invest in some other funds, and how can i continue with the same funds.
please guide me…..
@DHANVIR, I find DEMAT useful though it is not mandatory to have one to invest in MFs. If you want to invest in stocks, you will need DEMAT.
Your need to continue in MFs is dependant on their performance. If these funds prove to be good even after one year, continue with them. Otherwise, switch over.
Hi, I am 24 years old and currently doing job in private sector. I would like to invest at least Rs.5000 per month till 35 year. Pl guides me which is the best mutual fund plane for me?
@Kapil, Go for two mutual funds, DSP Black Rock Top 100 and HDFC Top 200 will suffice. Go for Growth options in both. Put 2.5k each month.
I am 24 yrs old and currently working in IT. I can invest 5K per month.Please advice best SIP which can be used to save tax as well as provide good returns. For Tax Saving purpose investing in MF (thru SIP ) is better or going for some LIC policiy is good option???
@Ayesha, I have just done an article for you on best tax saving mutual funds in 2011 at https://www.thewealthwisher.com/2011/05/06/best-tax-saving-mutual-funds-elss-of-2011-in-india/
Please have a look.
I am 25 yr old & currently working in public sector and earning around 50k p.m. I’m already investing 70k p.a. in a long term guranteed return lic policy. can invest 3k p.m. in Mutual funds. I want to accumulate nearly 10-15lacs in the next 6-8yrs slab to help out my husband to buy a decent house. Am i approaching the right way? If yes then please suggest a few good names of MFS for that period. If not, then should go for bigger investments? pls suugest.
@Chandrani,
If you invest 3k per month for the next 7 years in an equity diversified MF, with an expected return of 15%, you will only accumulate 4.4 lakhs.
If you want to accumulate 10 lakhs in 7 years, you need to invest around Rs 6800 per month.
If you want to accumulate 15 lakhs in 7 years, you need to invest around Rs 10000 per month.
Since your goals are long term in nature, put money into SIPs of equity diversified MFs each month. Make sure you move them out of equity and into debt around 2 years before you need the money so that the capital stays safe.
dear sharma ji
I had bought sbi contra and multiplier plus 2 years back both were doing very well but now with the market being low they are also low.
shall I continue to hold them hoping maket will bounce back ?
also, I have a Dmat account how can I buy my choice of Mutual fund ?
plz guide ,
thanks & regards.
@shailendra,
Contra : It has sadly underperformed in 2010. But has a good long term track record. Check for another quarter before you decide.
I somehow do not like Multiplier so cannot comment.
I did not understand your question on “I have a Dmat account how can I buy my choice of Mutual fund”. What are you looking for ?
@Radhey Sharma,
thanks of your reply Sir,
Well by saying Dmat ACCOUNT I meant to say that I have heard that DMAT account holders only can buy online mutual fund.
Also, do you think the gold etf mutual fund these days are any worth ?
I am talking about the Sundaram gold etf ..
Thanks for your time .
@shailendra, Yes, you are right abt online DEMAT accounts.
Gold ETFs are the best way to invest in gold. I am not sure about Sundaram one but there are the old oes which are better for eg SBI Gold ETF
Hi sharma,
I have two queries:
First Query:
I am currently investing 5000/- in SBI contra and Multiplier plus. I have choose three years option for this. This will finish by September 2011.
I am in a confusion like, will I continue in the same SIP after September or will I withdraw my money after September?
Please suggest me the right option.
Second Query:
Me and My hubby both invested 50000/- each in SBI smart ULIP series-1.It is a three year plan. This will finish by June 2011.
As entry load is very high in ULIPs,I would like to continue for two more years in the same ULIP rather than going with new one.
Can you please guide me whether I am taking the right decision or not?
Thanks,
Harini
@Harini,
First Answer : When you near Sept, check whether you need to continue in these two MFs. You don’t need to necessarily invest in two MFs from the same fund house. I hope you have diversified into other fund houses as well.
Second Answer :
Investment in ULIPs is not advisable. To break even, you need to continue for 10 years or more. If you stop within 3 years of taking a ULIP, you will not gain anything, you might just break even given the high end charges. Your decision to stop this ULIP is also now dependant on how your cashflow looks like.
Hi Radhey,
Nice article. I have low to moderate appetite for risks, and I am looking at an investment tenure of 10 years plus. I am new to MFs and am considering investing around 2k per month into the foll. funds. Would value your input.
1. HDFC Top 200
2. DSP BR Top 100
3. Franklin India Bluechip
4. HDFC Prudence.
Thanks.
@DMan, All are gems. Go ahead. You are making the right choice.
i invested in sbi mutualfunds in magnum contra fund ,sbi psu funds which were launched last year and magnum taxgain scheme, all in growth option. but all are going in loss, which should i hold or i should switch to some other funds
Hi,
I want to invest 10K PM in below funds. Please suggest how much I can invest in each fund or which fund I should ignore.
Birla Sunlife Tax Relief 96 Fund
CanRobecco Equity Tax Saver
Fidelity Tax Advantage
Franklin India Tax Shield (G)
HDFC Long Term Advantage (G)
HDFC Long Term Advantage Fund (G)
HDFC Tax Saver (G)
Principle Tax Saving
Reliance ELSF – Series 1 (G)
Reliance Tax Saver (ELSS) (G)
Religare Tax Plan
Sahara Tax Gain
SBI Magnum Tax Gain
SBI Tax Advantage Sr-1 (G)
Sundaram Tax Saver
UTI Long Term Advantage S2 (G)
Thanks,
Rakesh
@Rakesh, Rakesh, First read this : https://www.thewealthwisher.com/2010/10/22/how-many-mutual-funds-should-you-invest-in/
Sir,
I am 23 and working in my fathers firm. New to finance and wanting to invest in Mutual funds( learning sake ). Current Sal is 6 lac pa.
Period of investment- 13 months
Planning to put 1,00,000/- in DSPBR Top 100 equity and 1,00,000/- in HDFC top 200
I have currently 6 lacs- in my account – IDLE
My doubts.
1. Should i put lump sum in each or via SIP ?
2. Should i go for dividend or growth?
@Akshay,
If you want to invest for 13 months as you have written, you cannot be investing in equity !
@Radhey Sharma,
Sir could you explain to me as why i cannot be investing in equity ?
Hi,
I have 5 funds in my mutual fund portfolio.
1.HDFC tax saver
2.HDFC Top 200
3.Reliance tax saver
4.Reliance growth
5.Principal tax savings
6.SBI magnum tax gain
7.Sundaram select focus.
Among these, currently i am investing in only 1,2,4 funds. I stopped investing in remaining funds since last more than a year. I want to sell the units in 4,5,6 funds of above since they are not doing well.I will get close to 50k from these funds.But i dont want to use that money for any form and want to re-invest any funds. can you suggest me the best solution.
Thanks,
AGB
@AGB, Why are you taking so man tax savers ? Is it for saving income tax ?
Hi,
Could you pls suggest me to start investing in MF. I can spare 5k per month. how will I start with and request you to suggest high return funds in 3 – 5 yrs. Also pls enlighten me about SIP. I have a demat account and would wanted to know what is KYC and how can I know that. I am a first time investor and requesting your valuable guidance for my future plans. Thanks in advance
@Ranjith, Read the below for MF KYC : https://www.thewealthwisher.com/2011/01/14/know-your-customer-kyc-guidelines/
Read the below for SIP:
https://www.thewealthwisher.com/2010/10/13/systematic-investment-plan-sip-of-mutual-funds-the-basics/
Hope this helps
Hi Radhey
I am new to mutual funds but have a great fascination for them after researching your articles.
I have a disposable income of Rs 10 lakhs which I would like to invest in mutual funds on a lumpmsum basis immediately. My risk profile is moderate and I am looking at capital appreciation over a period of 5 years to generate as much money as possible to invest in a dream house.
What would you suggest as a possible portfolio of mutual funds in order to achieve my objective?
I have high regard for your advice and would appreciate your take on this one please. Looking forward to hearing from you. Thank you.
@Viswanath,
First of all, never invest in MFs iin lumpsum simply ‘coz u have money available with you. Read this :
https://www.thewealthwisher.com/2010/10/13/systematic-investment-plan-sip-of-mutual-funds-the-basics/
Park most of your money into safe avenues – debt mutual funds and little into equity mfs. Don’t risk much of your money with equity mfs if you need it in 5 years for a dream house.
Hi Mr.Sharma, For the new investors like me this article is a real guide. Hope it will work for me as well. I am planning for invest in MF for the first time, also this will be my first investment in life. I have read all the comments, got some idea about MF. Would appreciate if you would advice as to how should i begin? My goal is 10years through SIP option. Expecting a decent profit out of it. Please guide me. If you need more details let me know. Thanks
@ahmed, Not sure what you are expecting here ? First tell me, have you decided how you wish to purchase your MFs ? Through DEMAT or directly through the MF websites. If yes, what is the confusion ?
Hello Sharmaji,
I have gone through your articles and i like it very much. Really needs people like you who can suggest best way to invest money and savings. Thanks in advance.
I am very eager to know about how to and where to invest. People like me living alone really needs help as i don’t know much about investment policies. I am having HDFC Demat A/c and looking forward to invest.
I am 28 years old earning 20k monthly. I can invest upto 5000/-. From now to 2 years i need returns of atleast 4-5 lakhs. So how to utilize Rs 5000 every month to reach my goal. Waiting for your response. I am going to invest as per your advice because i feel you are the right person.
Best Regards
Suman Dutta
@Suman Dutta,
If in 24 months you need 5 lakhs and you are ready in put in 5000 each month, then you need a return of around 10.9%.
This is easily achievable through equity diversified MFs.
Do two SIPs in HDFC Top 200 and DSPBR Top 100 of 2500 Rs each.
@Radhey Sharma, I did not understand your underlying concept of finding the interest rate…………5000 per month for 2 years can mount to 5 lakhs wid 10.9% return?
I want 2 invest 20000/- in markt waht will be best option in current scenario
i m 24 year old
@vinit, what do you want to invest for and for how long can you lock in your money ?
Hi Mr.Sharma,
Iam 26 years old and planning to make my first investment in Mutual fund.how about starting with HDFC top 200.would i get a option to invest monthly?
@shankar, Yes, Its called SIP. You have an option.
Hello Sharma,I’ve gone through a couple of your suggestions mentioned above and they were of immense help for someone like me who is completely new to MF’s..Kindly help me in figuring out the best MF scheme to invest that falls under tax saving and provides max.returns with low risk involved.Am 26 yrs old,Time frame for investment is 3-5 yrs and the amount that I can invest at the moment is 25000/yr.I would like to go with SIP….Looking forward for your reply,thanks in advance!!!!
@Uday, You can select the best tax saving mutual funds from the foll article :
https://www.thewealthwisher.com/2011/05/06/best-tax-saving-mutual-funds-elss-of-2011-in-india/
Though stocks gives more return than mutual funds, but finding that stock is very difficult. So common investors prefer mutual funds over stock. I have come across an article in want2rich.com. I am sharing the link: http://www.want2rich.com/2011/06/personal-finance/why-common-investors-prefer-mutual-fund-over-stocks/. You can find a logical conclusion in this article.
@Soumya, Nice read !
Hi Radhey,
I have read your articles and comments. Thanks for simple to understand advises.
I want to start saving for my retirement. I’m planning for a retirement, 17 years from now. I’m able to save Rs.20,000/- each month.
(1) Is Investing in MFs through SIP good option for retirement planning? If yes, which MFs I should prefer (and how much I should invest in)
(2) Shall I also put some money each month into ETFs (e.g. Gold ETFs)? How much?
(3) Shall I also put some money into Bank FD? How much?
(4) Any other area, where I should keep investing.
Thanks in advance for your advice.
Sudhir
@Sudhir, (1) Yes. Read this very article to understand !
(2) You possibly could
(3) No
Go for paid services if you are unclear.
Hi there,
Currently I am holding SBI Magnum Tax Gain SIP (dividend option). I have completed 3 years with that. I am thinking to stop continuing the same and switch for DSP Black Rock and HDFC top 200. I was looking for your suggestion around this.
@Deepak, Sorry but what is your reason for switching ?
Hi Radhey,
I have read your articles about the SIP vs Lumpsum investing and I agree with the ideology behind it. I currently have a lump sum of approx INR 5L sitting in my account which is doing nothing. I am a NRI and I dont have any tax restrictions. All my current investments are SIPs. I invest about 2,800 USD a month mainly into MFs. The two questions that I have are these :
1. With the Indian markets going through a low phase, would it be a good idea now to put this lump sum into a couple of mutual funds (instead of SIP)?
2. If not, what would you recommend I do with this amount? I dont like FDs.
Thanks!
@Ken,
It possibly could be a good idea if the markets were not to tank more. If they were to go down, you should invest lumpsum at the bottom to take the best advantage of timing the market. Alas, this is not possible with investors like you and me.
Do you want to look at making an emergency corpus out of this ? If not, why don’t you stagger this 5 lakhs over the next 12 months via more SIPs – bottom line, don’t take the lumpsum route.
You could also use the STP route into SIPs.
@Radhey Sharma,
Great bit of advice Radhey.. I’ll look into the STP route instead then. Also, regarding the emergency corpus – Do you have any article/link that explains what and how do go about creating one and what channels to put this amount into?
@Ken, I could do an article for you Ken on where to invest for emergency funds.
@Radhey Sharma, That would be brilliant Radhey! Thanks!
Hi Radhey,
I was looking at a bulk investment of 10 lakhs, but would prefer an ultra short term route, as I need the flexibility of liquidating at any point.
Would be able to suggest any fund matching this need?
I know that returns can be meagre, but I am ok with it, as it would be still better than retaining the same in Savings account.
@V Sudhakar, Will try and do an article on liquid funds…
Hi Radhey,
This may sound like a silly question, but here I go all the same. When investing in Equity funds over a longer period(10 years plus), is it possible to do partial redemption of MFs without any penalty? Is there a minimum amount of units/NAV required to be maintained in such a scenario? I would appreciate your response. Thanks.
@DMan, Yes you can redeem full or partial and you do not need to maintain any amount in case of equity diversified MFs over a longer time frame. Note that this is not applicable for ELSS (tax savings MFs) where the lock in period for each investment is 3 years.
dear ,
i have stopped my sip in hdfc top200 g . is it right step ?
plz advice
@parvinder pipat, Why have you stopped ? Whee have you invested in ?
Hi Sharma,
1)I am investing 2500/- SIP in Birla Sun Life Tax Relief 96-G fund from last year. But the fund is in -ve now.I started investing when the NAV is at 10.66
Can you please suggest me whether to continue in this fund or to move to some other tax saving fund in the Birla.
2)Also I have One Lakh amount now to invest.Suggest me the best funds in which i can invest. This is for tax saving purpose.can i go with SIP or Lump investment?
3)Also i am planning to start 5000/- SIP from next month.
Suggest me the funds that cover the all the port folios with long term investment and returns(I wanted to have 25 lakh Rs in next 10 years)
Regards
Reddy
@Reddy,
1. There are better ones I guess out there. Read https://www.thewealthwisher.com/2011/05/06/best-tax-saving-mutual-funds-elss-of-2011-in-india/
2. SIP is the answer
3. Select any equity diversified from the list above.
Sir, i want to save Rs. 5000 per month. KIndlllllly advice the best 5 funds which have 5 years track record the proceeds of these funds can be utilised for payment of housing loan after 5 years. kindly advice in this regard.
@M.G.ASWATHANARAYANA, why do you want 5 MFs to invest Rs 5000. How many do you already have ? You can stick to just two and achieve the same purpose.
Dear Sir,
I wish to invest 1.25 lakh in mutual fund. I have already invested 5000/- in HDFC Top 200 & 5000 in ICICI Pru Dynamic Fund. (lump sum)
1)Should I start SIP in these funds?
2)I wish to put above said amount in two debt funds and wish to invest in one balance fund and one diversified equity fund through STP. Pl suggest me one more diversified equity fund and one balance fund.
3)I have selected Reliance Gold mutual fund. Is it right selection?
regards
Sagar
@Sagar, Why r u investing in funds in these way ? What for ? Why STP ? Why do you want to put in debt funds….need to understand what and why you are doing…
@Radhey Sharma,
Dear Sir,
Thanx for reply,
As I told you I have 1.25 lakh with me. I don’t want to make lump sum investment. I have planned to invest 50% in large cap , 30% in medium and small cap & 20 % in Gold ETF.
I though I will keep the same amount in any debt fund and will start STP. Doing this I will get better returns from debt funds compare to banks saving a/c.
I request you to kindly suggest if I need to make any change in investment.
regards
Sagar
@sagar,
Dear Sir,
I need your guidance on above.
regards
sagar
@Radhey Sharma,
ear Sir,
Thanx for reply,
As I told you I have 1.25 lakh with me. I don’t want to make lump sum investment. I have planned to invest 50% in large cap , 30% in medium and small cap & 20 % in Gold ETF.
I though I will keep the same amount in any debt fund and will start STP. Doing this I will get better returns from debt funds compare to banks saving a/c.
I request you to kindly suggest if I need to make any change in investment.
regards
Sagar
@sagar, Yep, this is fine to go ahead with.
Dear Mr. Sharma,
Your advices are very helpful. I want to invest Rs. 5000/- a month and I have chosen to invest in SIPs – 1) Rs. 1500/- in HDFC Top 200G; 2) Rs. 1500/- in DSP BR Top 100G; 3) Rs. 1000/- in HDFC Tax Saver and 4) Rs. 1000/- in PPF. Is it a good plan? – Please advise.
Thank you!
Indira Neogi
@Indira Neogi, It is, please go ahead
Dear Mr. Sharma,
I also want to know how to open an online DEMAT Account as I am new to this section.
Thanks!
Indira
@Indira Neogi, I will do an article on this today – watch the space.
Hi ,
I am 23yr old and i have selected 6 funds to start SIP every month with Rs1000 in each. Please have a look and let me know
whether they are good or not and whether i am diversifying too much .
1. DSP black rock TOP 100.
2. Franklin Bluechip India.
3. Fidelity Equity.
4. HDFC Top 200.
5. HDFC Tax saver.
6. DSP Black rock small and mid cap.
Thanks
@Apratim, Good to start with – do not increase the no of MFs.
Dear Radhey,
Thanks for this wonderful information. I am 26yrs old, earning 52K per month. I need around 5 lakhs for marriage by next yr and around 25lakhs within 3-4 yrs for booking a flat.Can you pls guide me which MFs will be best suited for my requirement and how much I am supposed to pay as monthly SIP.
Thanks in advance,
@Harshit, Keep your money in FDs for marriage and for flat keep in debt MFs+FDs. Use the calculators on this website to find out how much you need to save. Don’t put too much of your money into equity MFs or stocks. You could lose your money in such a short time frame.
Sir, I m investing in MF since last two years through SIP for 15 yrs. My portfolio is HDFC TOP 200(G)-3000 p.m, DSP TOP 100(G)-3000 p.m, BSL FRONTLINE EQUITY(G)-3000 p.m, HDFC EQUITY(G)-3000 p.m, SUNDARAM SELECT MID CAP(G)-2000 p.m. How is my portfolio? Whether my portfolio need any changes? Pls advice.
Thanks.
@Raj, Good going, Keep at it, the MFs are good.
I am 27 with an annual income of 5.5 LPA. I’m new to investing and I am planning to invest Rs. 10k per month through SIP for 10 years or more. I have selected DSPBR Top 100 Equity Reg – 2k (Large Cap), HDFC Top 200 – 3k (Large & Mid Cap), UTI Dividend Yield – 2k (Large & Mid Cap), BSL Dividend Yield Plus – 1k (Mid & Small Cap), ICICI Pru Discovery Inst. (Mid & Small Cap)and HDFC Equity (Multi Cap) for investing where I plan to invest Rs. 7k in the first 3 funds. Is it advisable? I am confused between HDFC Equity and Quantum Long Term Equity for a multicap fund. I am not sure whether the diversification is achieved as my portfolio contains two dividend yield funds (UTI and BSL). Will the balance be maintained if I drop one of ICICI Pru or BSL funds and add Canara Robeco Equity Diversified (Large & Mid cap), which will make it 3 Large & Mid caps in my portfolio? Please help.
@Sayandeep Basak, If you require such a detailed analysis, you will need to sigh up for our paid services. Not sure why you have selcted such a portfolio and what you are investing for.
Hi,
Please can you guide me some good mutual funds with good return. I am new to this and ready to invest upto 50k for 3-5 years..But there are so many mutual funds in the market so i am lil’ confused.
Please guide me..Thanks
@Saurabh, Select the ones from the list above !
hi,
frnd i suggest some fund. hdfc top 200, reliance gold etf, dsp black rock top100, franklin india bluchip, hdfc equity fund
,
@Saurabh, invest in icici pru focused bluechip equity fund
sir,
i want to invest 10000 in mutual funds.i am 22 years old.and i want to get a good return in 5 years.which mf will be good for me.my shortlist hdfc top 200 ,hdfc equity growth,reliance banking fund growth,birla sunlife dividend yield,reliance regular savings,birla sunlife india gennext)
@priyank.m, why r u selecting so many funds ? Take two which are best performing and invest in it.
can i start with hdfc top 200 ,hdfc equity and reliance banking fund at this time with an investment of 5000?
@priyank.m, Opt for hdfc top 200 ,hdfc equity, skip reliance banking fund
I want a feedback on SBI magnum contra fund , Growth.
I am investing in this from past 3 yrs. should I drop it?
but if I redeem it , I amy be in loss. will this fund recover in future?
@rajashri, Did you go the SIP way – why are you in loss ? Its not doing too well, this fund. I would advise to switch out.
sir, I have 3 lakhs in hand to invest as of today i.e. 11 Jul 2011, i need mximumum returns after six months, kindly suggest the MF/ Stocks?
@alka, Maximum returns in 6 months !! Keep your money in FD, why go for MFs ? Why do you need maximum returns ? In such a short term, safety and nor returns should be more important.
@alka, see alka good returns comes at a cost….maximum returns for a tm frame of 6 mnths is indeed a risky business…but if u wanna proceed u can have a look at sm of these mf’s-
1.Birla Sun Life India GenNext Fund-Growth
2.Magnum Sector Emerging Businesses Fund-Growth
3.UTI MNC Fund-Growth
sir,
(hdfc top 200,hdfc equity,dsp blackrock top 100,reliance regular savings growth,IDFC Premier Equity Fund – Plan A – Growth ,UTI Dividend Yield Fund – Growth ,Birla Sun Life Dividend Yield Plus – Growth,Birla Sun Life India GenNext Fund – Growth ,Birla Sun Life Frontline Equity Fund – Plan A – Growth ).plz suggest me the best two to start with?can i invest in gold funds at this time?
@priyank.m, I will suggest u to go with hdfc top 200 & dsp blackrock top 100 if u plan to go with 2………….hdfc prudence wld my next advice if u plan to go with 1 more …..one shld have atleast 4 mf’s in his/her portfolio to give it a diversification……in that case u can add idfc premier equity plan a to your portfolio……
sir
hdfc prudence also
ing dividend yield and tata equity pe fund also.plz suggest me the best two from all of the above
i need help to choose a best investment way in which i can get best return/maximum return and my money will be progressed much better than any other.
@Suraj Shaw, you can go this way-
1. go for mf’s.
2. choose the SIP method.
3. invest for long term(4-5 yrs atleast)
4. try to invest from 7k to 10k every month.
sm of the mutual funds u can go for are-
1.hdfc top 200
2.hdfc equity
3.hdfc prudence
4.idfc premier equity plan A
5.icici prudential discovery fund
6.dsp br top 100
choose any 4-5 from them and u can expect your money to get doubled in the timeperiod of 4 or at max 5 years……
sir,
i have just retird and want to invest my retiral benefits upto rupees 20 lacs. kindly advice best option. horizon can be 3 years.
@hemant, i would suggest u to go for FD’s if u are looking for pefectly safe investments……almost every bank is offering a interest rate of above 9% central bank offers 9.5%,SBI is offering 9.25%……if u invest the whole sum of 20 lakhs in FD’s for a time frame of 3 years u can take your lot to 26 lakhs……if u are willing to take risks and go for much better profits rply back i cn advice smthng else………
@siddharth,
1.i intend to go for much better profits. Please advice having a sympathetic attitude towards a retiree..
2. would the interest accrued on FD,s be taxable!
truely speaking i want 2 add atleast rupees 30,000 per month from rupees 20 lakhs.
@hemant, Yes, interest earned on fds is taxable, after Rs. 10,000 of interest accrued per annum. Tax is deducted at source, from the interest on fixed deposits, as per the income tax act 1961
TDS rates, after the Rs. 10,000 exemption are: individuals – 10% plus cess on top of this
However, if your income falls below the taxable limits, you may submit form 15H to request exemption
TDS liability is determined at branch level. It takes into account interest on aggregate amount of deposits in a particular branch
To gain advantage, you might want to consider opening different fds at different branches or different banks additionally, 5 year Fixed Deposits in a bank is eligible for a deduction under section 80c up to Rs 1 Lakh. however, the interest on this is not tax deductible.
@hemant, U can go for mutual fund’s investment for better returns…..may u cld take ur time frame to 5 yrs for safe returns………
@siddharth, Thanks Siddharth for all your interest !
Hi Sir,
I have three SIP’s as follows.
1.Reliance Gold Saving Fund – Rs.500/- per month
2.HDFC Equity Fund – Rs.1000/- per month.
3.ICICI Prudencial Focused Bluechip Equity fund – Rs.1000/- per month
I want to invest Rs.2500/- more.Please Suggest me Best
High Returning three SIPs.
@Mahesh Dattaraj Godbole, contact me at 9036025568, will educate you with the best plans
Sir,
I want to buy the mutual funds for tax saving.
I picked fidelity and ICICI prudential to buy. Is my decision correct?Please suggest me is this the correct time to buy or shall I wait further and let me know which is the best one whether SIP or one time investment in this regard.
@Rajesh, Buy via SIP. If you go the SIP route and invest each month for a long period of time, then no issues.
Sir,
I am 25 years old and its been a year into my job. I have a recurring deposit of Rs. 2000 and PPF account. I wish to invest Rs.5000 in mutual funds. I plan to invest in two mutual funds,but not sure in what kind of MF, as in Dividend, Growth or Tax Saver or … What should I go for? I would want returns in 2 years.
Kindly suggest.
@Rucha, Go for debt mutual funds only. Avoid equity diversified MFs.
@Radhey Sharma, How is SBI Magnum Multiplier Plus Scheme 1993 for an SIP. I plan to put Rs 1000 every month. Also I have been told to put a lumpsum amount of Rs. 10000 per annum in SBI Magnum Taxgain scheme – 1993 (Dividend), the duration of which would be 5 years.
Kindly suggest if I can go ahead with this.
I am 26 years old and its been 4 years into my job. I have a LIC policy of sum assured 3 lakhs, annual premium is Rs.15000. I wish to invest in mutual funds. I would like to get returns within 1.5-2 years. Kindly suggest
@Karan, Go for debt mutual funds only. Avoid equity diversified MFs.
What is the difference between Dividend and Growth Fund? In which we should invest?
@Karan, I can do an article on this but you want to invest in dividend when you want to receive income from MFs. The MF’s value reduces by the amount which is paid out to you so dividend MFs do not have the same capital appreciation as growth MFs where no income is paid to you in between. Hope this helps.
HDFC TOP FUND I WANT TO INVESTIMENT
@M.Vijayanand, do it !
Sir
I want to invest rs 10,000 per month in MFs In SIP scheme. Plz suggest me 3 to 4 MFs.
Thanks
@Bibhudatta, Pick any from the list.
I am just started earning money and i want to invest in mutual fund,as i can give 1000 per month so plz suggest me which fund is good in respect of high return in small time and how i will contact them
@rounak singh, High return in small time is not possible. What is your timeframe ?
Hi,
Can you please write a article on investment in Gold ETF’s describing the pros and cons and also how much profitable they are with the best ETF to invest in.
Thanks,
Kamlesh
@Kamlesh Gupta, I will do that soon.
hi sir ,
my age is 30 , and i want to invest 2000 rs pm in SIP for the period 4 or 5 yrs. pls suggest me good MF , i am planning to take HDFC top 200 pls suggest one more ….
@mandar, DSPBR Top 100, its a good fund.
Hi,
I am planning to buy a house 5 years down the line. What should be my paters of investment so that I am able to accumulate around 10 to 15 Lac by then.
Thanks & regards
Eram
@Eram, You need to invest 11k each month if you want to get 10 lakhs in 5 years. Make sure you move to safer avenues a couple of years before retirement.
Hi, I have been investing in “SBI MSFU contra growth” through SIP for the last 18mnths.But the NAV is getting down day by day. should I continue with that??
My 2nd ques. is, should I invest in HDFC TOP200 right now?? for short or long term?
@Partha Sarathi Debnath,
I would get out of Magnum Contra.
HDFC Top 200 is good. Go for long term.
Which one is better…DSPBR Top100 or HDFC Top200 ??
@Partha Sarathi Debnath, I like DSPBR Top100.
Hi, I want to invest 10000 per month in SIP.
Kindly suggest me two to three good funds to invest
@Bhargavi, Go with DSBBR Top 100 / HDFC Top 200.
@Radhey Sharma, I WOULD LIKE TO INVEST RS 5 LAKH FOR ATLEAT 4-5 YEARS ,PLS ADVISE FOR BEST RETURN WITH NO TAX PAY
@VASU, Go for any equity diversified mutual funds from the above list. Invest via SIP.
Hi,
I have the following investments through SIP. Please suggest whether any changes are required.
UTI – DIVIDEND YIELD FUND GROWTH OPTION (Rs. 1000/month)
UTI-EQUITY FUND (Formerly UTI-Mastergain Unit Scheme) – GROWTH PLAN (Rs. 1000/month)
UTI-MNC FUND – GROWTH PLAN (Rs. 1000/month)
UTI-MASTER VALUE FUND – GROWTH PLAN (Rs. 1000/month)
UTI OPPORTUNITIES FUND – GROWTH PLAN (Rs. 1000/month)
These ones are invested since last 13 months and due to the loss in share market these investments are also showing downward mvements. Should I hold those for another one year or sell them immediately.
Please suggest.
@C. Giri, Don’t understand why you need to invest into UTI only ?
I do not like your selections. There are many better funds you can pick up.
Sir,
Kindly advise on the following portfolio started last month :
HDFC Equity – 2500/- PM
ICICI Focussed Bluechip Equity – 2500/- PM
DSP BR Equity – 2500/- pm
Gold Benchmark – 2500/- pm
HDFC Top 200 – 2000/- PM
BSL Frontline Equity – 1500/- PM
Franklin Templeton Prima Plus – 1500/- PM
Timeframe upto 3 years. As of now, I have opted for 1 year. Should one commit in one go for a longer period, or monitor or switch the funds after every year based on performance (but with continuous investments thru SIP in one or the other fund say for 3 years)
Thanks.
@MANISH SRIVASTAVA, Your current approach is perfectly OK. Go ahead with it.
Hi,
Right now iam investing 5000 p/m in three funds through SIP, Reliance equity app. growth fund, Hdfc top 200, and Hdfc mid cap.
Reliance equity app growth fund and in Hdfc top 200 iam investing for a year and in Hdfc med cap i have started SIP for 3 years.
Sir, i want to know that after completing 1 year can i extend and continue the same fund for some more years or i have to start with a new sip for the same funds, if yes then, is these funds are right to invest for a long period of time or should i go for some another funds suggested by you…………..
Kindly help me……….
@dhanvir, We can revisit that only after a year ! We cannot decide now which funds you can invest in after a year from today.
Sir, I have been investing in Reliance long term equity fund in SIP for the past 8 months. When i entered NAV was at 16 and now it got down to 14. I am fearing that i will lose my money. Recession is the cause for it? Can you please suggest me two good mutual funds where i can expect returns?
@Karthik, Select any from the list – all of them would have gone down. What are you saving for – what is your goal ?
Why are you panicking in 8 months ! If you wanted money in 8 months, you should not have invested in equity.
I would like to invest 1000rs every month for two Mutual funds.
@Karthik, Choose any from the list and go ahead.
i want to invest 2500 per month in hdfc top 200 growth fund through sip. kindly say me how much total money i can get approx if i invest regularly for 25 years.
regards
vipen
@vipendev, 80 lakhs approx at 15% rate on return.
and how much aprox i can get if i wil go for dspbr top 100 fund with same 2500 per month sip for 25 years…..i m wid age of 38 now
@vipendev, Same. Assumed rate of return is same for both funds.
Hi please advice if the funds which i have invested in are ok HDFC Prudence fund Div,ICICI Prudential focused Bluechip Equity fund retail Dividend,IDFC premierEquity fund-Div,IDFC Premier Equity Fund -Growth.Sundaram select Midcap growth,Franklin India Bluechip Div,HDFC EquityFd Div,HDFC Top200 Div,Pru ICICI Dynamic Plan Div,Prudential ICICI Infrastructure Fund Div.Reliance Banking Fund-Dividend Plan-Div. Thank you
@sejal, Looks ok at first shot though you can bring down the number of them.
Hi Sir,
I have close to 1 lakh with me and want to invest in schemes which can give me tax benefit also. As of now I have got Life insurance and EPF for the investment purpose.
Br
Harpi
Pls. advice for the best schemes
Br
Harpi
@Harpi_83, I am assuming this is for the long term.
Go for Tax Saving Mutual Funds.
Read at https://www.thewealthwisher.com/2011/05/06/best-tax-saving-mutual-funds-elss-of-2011-in-india/
hi, i want to invest 1000 per month in SIP.
pl suggest me good mutual funds related to gold to invest.
@poonam, Madam, select any from the above !
hi, i want to invest 30,000/year plz suggest me two or three funds to invest
@Ashlesha, Pick from the above please.
HI i want to invest 1000/- on a monthly basis in SIP for my long term goals which is after 5 years. pls suggest me the best mutual fund s to invest in.
@Dhaval parikh, Select any from the list.
Sir
I want to invest some money. pls guide me from the fund- Reliance growth fund, HDFC TOP-200, BSL Frontline equity, Reliance Regular saving fund.Can I invest all money at a time or partially.Pls advice
Thankyou.
@RR jha, Take the SIP route of MFs to invest in all the 4 above funds. They are very good.
Hi
I want to invest through mutual fund about 5000.00 per month pl sugest me which mutual fund are sutaible for me . My goal for long time investment and getting some large money about 60Lac to 80 lac. Pl also sugest who long time required to get my goal.
Go for a large cap fund like Franklin Bluechip or DSP BR Top 100, and invest regularly for the next 20 years. Keep monitoring the performance of these funds. You should achieve your goal.
@pradeep,
Please pick from the list above. Use our calculators to see how much 5000 per month will give.
hi,
i m an engg. student want to invest my 7000rs can u suggest me where should i invest??
@AVINASH, What is this for and for how long do you want to put in your money ?
Hello,
Here is my SIP portfolio and I need your suggestion if I need to reduce number of Fund from below and if there is any alignment is required to continue toinvest same total amount per month.
Also if there is any other new Fund to be required to consider.
DSP BLACKROCK TOP 100 -Rs.2000/month
Canara Robeco Equity Diversified -Rs.2000/month
HDFC TOP 200 FUND -Rs 3000/month
UTI OPPORTUNITIES FUND -Rs 1000/month
ICICI PRUDENTIAL DYNAMIC PLAN -Rs.1000/month
HDFC EQUITY FUND – Rs.4000/month
HDFC PRUDENCE FUND – Rs.1500/month
BIRLA DIVIDEND YIELD PLUS – Rs.2000/month
DSP BLACKROCK MICRO CAP FUND-Rs.2000/month
IDFC PREMIER EQUITY FUND-PLAN A -Rs.4000/month
Thanks in advance,
Chintan
You have too many funds. You haven’t mentioned your time horizon. How many years do you want to invest for? Stick with 4-5 good quality funds at most.
@DMan,
Thanks for your input.
My Time horizon is at least 7-8 years min can be 10 years unless i need some money for any reason.
Can you please suggest those 4-5 from above or any additional so that i can rid of other and still ensure i invest around 20K per month in those 4-5 funds ?
Thanks,
Chintan
According to me, you can continue your SIPs in ICICI Pru Dynamic Plan(or replace it with Franklin India Bluechip, which is my choice), DSP BR Top 100, either HDFC Equity or Top 200, depending on your risk appetite and IDFC premier Equity Plan A.
Keep your allocation in the first 3 funds between 70-80% and the rest in IDFC Premier and perhaps a Gold ETF like BeeS. Do this for 10 years or longer and you won’t regret it.
Hope this helps.
@DMan,
Thanks again for your advice.
Based on your advice, I came up with following portfolio:
DSPBR Top 100 – Rs. 5000
HDFC Top 200 – Rs. 3000
Franklin India Blue Chip – Rs. 5000
HDFC Equity – Rs. 4000
IDFC Premiure Equity Plan A – Rs.4000
Any further change needed ?
Thanks,
Chintan
@Chintan,
Also one more question : How you see ICICI Pru Focused Blue Chip against Franklin India Blue chip ?
Regards,
Chintan
@Chintan,
Your portfolio looks good to me, my personal preference between Franklin Bluechip and ICICI Blue chip would be Franklin India Blue chip, for the simple reason that it has been around for more than 15 years and is still a top rated fund with very good returns, though slighty conservative. ICICI Blue chip has been around for 3 years, don’t get me wrong, it is still a top performer but hasnt seen as many ups and downs of the market like Franklin. So my personal choice is Franklin Bluechip.
@DMan, I totally agree with DMan.
@DMan,
Thanks for your advice.
I will consider your point on Franklin India forsure 🙂
@Chintan, You need to MF Portfolio Analysis services – check Services
hi, hav just retired and hav rs. 30 lakhs to invest. hav planned to take following options :-
1. invest 10 lakhs in post office under senior citizen scheme for 5 years.
2.invest 10 lakhs in recently announced central bank of india FD scheme @13.33% rate for 7 & half years.
3.remainder 10 lakhs in MFs and FD of atleast 3 years duration. i can pickup 3 to 4 MFs suggested by you in the article.
please advice if i am on correct lines or should i make some amendments and if so what? i dont need any returns from these investments for atlest next 4 years. infact will hav more to invest through RDs, SIP and ETF.
@v k singh, Recommend taking our paid services to make sure you use your retirement money well and do not blow it away.
Sir,
Yesterday I have started to invest in ‘SBI Gold fund’, Rs. 2500 through SIP for 3 years. I am considering this as long term relatively safe investment. So the ‘amount’ and ‘duration’ which I have chosen for ‘SBI Gold Fund’ is good??
Thank you.
@Amit, Yes, kind of. The amount depends on how much you want in the future, which I do not know.
I am an NRI and i want to invest about Rs 50,000 every month in SIP.I have a very long term horizon. 1. how many funds should i choose and which one’s?
2. I am 30 years old and have a two year old son. If i make this kind of ivestmentin MF is it enough to secure a good education for him in 15 years time or should i look for insurance linked childrens plans?
Diversified equity mutual funds is the best way to build wealth for the long term. Depending on your risk appetite, I would suggest investing 70-80% in 2-3 good large cap funds like DSP BR Top 100, Franklin India Blue Chip, 1 large midcap fund like HDFC Top 100 and one small and midcap fund like IDFC Premier Equity Plan A. You can also go in for a good balanced fund like HDFC Prudence to lend your portfolio some stability, and a small alloaction to Gold ETFs would also work fine.
Good luck!
@Sushanth Salian, I recommend you take the comprehensive financial plan. All such questions and more that you have can be easily answered.
DO not take ULIPs please – go for MFs, equity diversified.
From where I can get the best diversified mutual fund. I have 10,000/- to invest every month. Please suggest where I can invest this money. Right now I have this:-
1. ICICI Prulife Rs.20,000/- Annually
2. LICI Rs.24,000/- Annually
3. Reliance LIC Rs.12,500/- Annually
4. NSC Rs.20,000/-
5. MF of RS.10,000/- each in two MF
6. SIP in Birla Sunlife & Dws Bank each 2000/- PM.
@Avik Chowdhury, Take DSP Black Rock Top 100
dear sir, i am a 21 year old boy currently studying…i recently opened a sip of rs 1000 in reliance growth fund – retail plan- growth plan. i dont know much about this plan so i want to seek advice from you. if i continue with this plan for 36 months that is 36000 of investment plus 1800 of service charges will i expect around rs 60000 or more in 3 years invest in sip through this plan. should i continue with this plan anyway or if switch to other is there any switching charges. i dont want to pay any more service charges. thank u radhey sir for all this information on this useful website. plz reply
sir,
i want to invest in SIP and GOLD sip i dont know how to start.pls help what to invest
@francis, what help do you need ?
Hi,
I have the following two short term objectives-
1. Accumulate Rs.2.5L in 1 year.
2. Accumulate Rs.5L in 2 years.
In order to achieve these objectives how much amount should I start investing in SIP? And in which funds should I invest for the respective objectives?
Look forward to your reply.
Thank you in advance! 🙂
@Sudip D, Please use our calculators to find that out. Since these are short term, use a conservative rate of return of say 7%.
You cannot invest in equity diversified MFs at all.
Go for a mix of debt funds, FDs, MIPs.
Hmm..Ok. Any suggestion for debt funds? And can you give the link of your calculators here? And what’s the MIP?
And thanks for your prompt reply.
I have read quite A LOT of your articles on this site. They are very well written, they are precise yet informative,used easy english so I’m sure it appeals to a LARGE chunk of readers, & most importantly the articles address the need of the common people as well as educate them with the importance & need of finacial planning.
I have subscribed to the articles of this site. So look forward to read some great articles addressing the various aspects of financial planning.
Where exactly is this company located? If its in Pune then may be sometime I can visit the company to discuss my financial goals.
@Sudip D,
Calculators : https://www.thewealthwisher.com/thewealthwisher-personal-finance-calculators/
HDFC MIP Long term is good.
Cannot advice on debt funds until in dept understanding of requirement is understood otherwise could be harmful.
Our address is on our website.
@Radhey Sharma, Hey thank you for the link. The calculators are quite useful.
And thank you for the MIP suggestion. Any other MIP in comparision of this?
My requirements for accumulating the respective funds are as follows-
1. To buy a car (Rs.2,50,000 {for the downpayment of car which would be worth (less than or equal to) Rs.5,00,000})
2.For my own marriage (Rs.5,00,000)
Now can you advice on debt funds? or any other avenue(s) to accomplish these short term goals?
Thank you for your prompt replies. 🙂
Hi,
I have Rs. 50000. want to invest for 2years. Suggest me where should i also please let me know what will be the maximum return.
Also please suggest want to invest Rs. 2000 per month in SIP. Where should I.
Regards | Nikhilesh | nikhileshbariar@gmail.com
@Nikhilesh, Take the debt MF route.
For the SIP, if it is long term, invest in DSPBR Top 100 Equity
Hello sir
i would like to invest 5 lakhs in mutual funds or shars or fixed deposites, which is best for me, i am expecting double the amount with in 4 years, is it possible? what about the risk factor for private sector.
thanku
@srihari, why do you want double the money ? what are you investing for ?
Read this first : https://www.thewealthwisher.com/2010/10/07/setting-financial-planning-goals-or-goal-based-investing/
dear sir,
i m 34 old and want to invest Rs 5000 per month in MF by SIP for long term >5years. PLEASE sggest 3-4 best funds as per thier allocation. which funds to choose growth or debt?
thanks
regards
fahmed
@fahmed,
You do not need 3-4 funds : Pick these two to begin with.
DSPBR Top 100 Equity
ICICI Focused Bluechip
@Radhey Sharma, thanks a lot sir…..
@fahmed,
sir i have chosen MFs as advised by you for 2500 each. sir i m intending to put 5000-10000 more every month. plz advice some more funds with their sum allocation in this budget to complete my portfolio. thanks,
regards
fahmed
@fahmed, madam, please opt for the services above to do justice to your money. Random advice can make or break you.
Hello sir,
i want to invest Rs.10000(for longer period-5 yrs) in some reliable mutual funds thru SIP scheme.pls help me to choose 3/4 MFs
to start with.
thank you.
vijay
@vijay singla, Take DSPBR Top 100, HDFC Top 200 for now please.
Hello sir,
i want to invest Rs.4000(for longer period-8yrs or 4yrs) in some reliable mutual funds thru SIP scheme.pls help me to choose two MFs
to start with.
thank you.
kavitha
@kavitha,
DSP BlackRock Top 100
HDFC Top 200
HI Sir,
i want to invest in MF for a shorter period of time for about 1.5 years. basically for 2 reasons
1. i will need the money in 1.5 year and at the same time
2. i want to claim tax exemption for this investment.
Please help me with a fund which will enable me to get some return and at the same time i shuld be to draw the amount at the end of the above mentioned term.
Thanks
Ravi
@RAVI, There are tax saving mutual funds for claiming tax purposes but they have a lock in of 3 years. So you cannot use them.
Think about pure debt funds or FDs but you will not get tax exemptions for these.
dear sir, my age is 30. want to invest 5000 pm in MF’s. time margin – 5 year+. plz suggest MF’s which will help me in tax exemption also.
@atul, Read :
https://www.thewealthwisher.com/2011/05/06/best-tax-saving-mutual-funds-elss-of-2011-in-india/
call me 09928224592
Sir,
I am 32yrs n non working housewife. one of my FD will get mature in nov2011 n will receive Rs 15000. Please advice me how to invest it further for short period(<5yrs), wht about gold mutual funds?
@pallavi, This cannot be advised just like that. A decision has to be taken keeping in mind your overall asset allocation.
Hi,
I am planning to invest 5000 monthly in following, please let me know can I continue with this profile for 5 yrs.
HDFC EQUITY – 2000
ICICI FOCUSED BLUECHIP 2000
IDFC premier equity 1000
@Priyanka, Guess you can. Can’t comment much till the overall portfolio is looked at.
Sir, I am 28 year old & I wish invest in MF for long term (> 15 years).
==> plz. advise me tht ki I go 4 Gold Fund or Equity and Why?
==? And plz. advice me 2-3 equity funds and also 2-3 gold fund for regular sip.
@Harsh, And why do you want to go for 2-3 gold funds Harsh ? Keep expsure to gold at max 10% and more into equity at this stage.
@Radhey Sharma, Agree with Radhe. Like the good old saying “Too many cooks spoil the broth” 🙂
Limit exposure to 1 or 2 well researched gold funds.
I see that many people look for a quick-fix solution.
A vague question deserves a vague answer. If you post a couple of lines and seek suggestions for specific MFs to invest in, you may get a generic answer which may be ok today, but may not be that good in future. Please post sufficient details so that your situation can be looked at and appropriate suggestions made. Yet better would be to opt for a comprehensive analysis and scrutiny of your case.
@Jaswinder Singh, Thanks Jas.
Sir, I m 36 yrs.old and want to inv. Rs. 3000 pm in MF for period of 5-10 yrs. or above.Kindly advice the suitable Mutual funds for me to invest 1000×3=3000 or 2000+1000=3000 ratio.
@Rohit, Select from the above !
Sir,
I am a working woman and investing currently Rs. 7500 in MF-SIPs (HDFC EQUITY GROWTH, BIRLA SUNLIFE FRONTLINE & IDFC PREMIER EQUITY). Is my existing portfolio diversified enough? I can invest upto 10K a month and willing to invest in a gold fund. Please suggest which one to invest in? What should be my average risk ideal portfolio as I am not investing keeping in mind any special financial requirement?
Thanks.
@URVASHI, Vow – too many questions to answer.
Go for any gold ETF – they are all good. I cannot comment on diversification as I do not know your overall money allocation. If you are not investing keeping in mind any requirement, you are making a BIG mistake.
Read : https://www.thewealthwisher.com/2010/10/07/setting-financial-planning-goals-or-goal-based-investing/
Sir,
I would like to invest Rs 40 K per annum(one time investment)on any mutual fund (ELSS). I need the return after 5 year (also need tax cover). Please suggest the pan i should opt for.
@Anand G, Pick any from this :
https://www.thewealthwisher.com/2011/05/06/best-tax-saving-mutual-funds-elss-of-2011-in-india/
hi,
i am vivek 23yr old.just one year before i started my career in soft company.
my salary is 24k per month..so i planned to invest 10k(per month) for 10 years in sip.
so shall i go with 2 large cap and 2 large & mid cap or one in large cap,
one in large & mid cap, one in multi cap and one in small & mid cap.and i
have selected few funds according to these categories.
large–>ICICI Pru Focused Bluechip Eqty (G),DSPBR Top 100 Equity Reg,Franklin India Bluechip
large @ mid–>HDFC Top 200,Birla Sun Life Frontline Equity,Fidelity Equity Fund (G),,Fidelity India Growth Fund (G),UTI Opportunities,UTI Dividend Yield
multi–>Quantum Long Term Equity,HDFC Equity,DSPBR Equity
small and mid–>IDFC Premier Equity Fund,ING Dividend Yield,BSL Dividend Yield Plus-G
i m very much confused about it..so give me a suggestion plz..
@RAJ, If you are confused, please opt for paid financial services from a certified financial planner.
Sir, I m 36 yrs.old and want to inv. Rs. 3000 pm in MF for period of 5-10 yrs. or above.Kindly advice the suitable Mutual funds for me to invest 1000×3=3000 or 2000+1000=3000 ratio.
I WANT TO INVEST 2000 RS PER MONTH WITH LOW RISK.WHICH MUTUAL FUNDS ARE BEST????
@sam, I thought the list above was plain and straight forward ?
Hi Shabbir,
What a blog you have here..& quite a following, I must say.
Request your comments on my selection of Mutual Funds for SIP investment, starting Dec 2011 onwards. Please suggest if the funds I have shortlisted for SIP are good enough or not recommended…
I am 29 years old. Plan to invest INR 12K each, in all these funds…
HDFC TOP 200 FUND- GROWTH Large Cap
Fidelity Equity Fund (G) Large Cap
IDFC Premier Equity – A (G) Midcap & Small cap
SBI Magnum Emerging Busi (G) Midcap & Small cap
ICICI Discovery Fund Midcap & Small cap
HDFC EQUITY FUND- GROWTH Multicap
Canara Robeco Infrastructure Fund Infrastructure Fund
ICICI PRUDENTIAL TECHNOLOGY FUND- GROWTH Technology Fund
RELIANCE PHARMA FUND- GROWTH Pharmaceuticals
Reliance Gold ETF Gold
AIG World Gold Fund (G) Gold
@Rahul, Not possible to look at each and everyone of them in detail. At first glance, some are good, some are not.
This article was published on Jan 2011. I started my SIP with DSP BR TOP 100 and HDFC TOP 200 based on this article recommendations. Now In the beginning of 2012 I am planning to add one more mutual fund based on your recommendations. Do you have any plans to update the list for the year 2012? It would be really helpful.
DSP BR TOP 100 – Rs2000/-
HDFC TOP 200 – Rs2000/-
For year 2012
Planned to go for IDFC Premier Equity – Rs2000/-
Thank you again for your service.
@Ramachandran, Good to go.
Hi Radhey,
I have a small corpus of about 70,000 and would like to invest in Mutal funds this december or Jan 2012. Any sugesstions on this? Secondly, I would like to have a session with a Financial Planner like yourself so that I can plan out for my future. I am based out of Chennai. Any financial planners who are as good as you, that you are aware of in Chennai??
@Srinam, I will let you decide on the 70,000 when you meet your planner. Check this post of find out planners in Chennai though I am not sure how they are – that is a call you need to personally take.
https://www.thewealthwisher.com/2011/11/27/certified-financial-planner-india/
@Radhey, Thank you so very much for the link…I will go through it definitely… 🙂
Any similar articles for the upcoming 2012…. 🙂
@srinam, Will do so for 2012 in this month.
For Investing Mutual Funds Please Contact – Amit Surpuriya – 9850873688 – Kshitij Financial Services – Pune
Dear Sir, i have invested in 3 equity funds through SIP but looking to the market iam in loss, i have read somewere that debt funds are more safer as compare to equity funds.
Iam confused about the both,kindly explain the difference between the equity and debt funds and at present iam investing 50000 in equity funds every month through SIP and wants to invest in debt funds also.
kindly let me know how much in % we have to invest in debt and equity funds,to manage our portfolio.
Regards
Dhanvir
@DHANVIR, Read read read this blog. Everything is on here. Before you ask, check out the Archives.
I have to invest Rs.10000/- per month for 5 yrs. kindly suggest where and how to invest with maximum return & low risk
@abhijit, Maximum return and low risk ? where would you get that !!!
Hello,
I want to invest 25000/- this year (2011) in a tax benefit MF for 3 years, please suggest the best you think is. Thank you.
Regards,
Sunil Mohan
@Sunil, Read this – https://www.thewealthwisher.com/2011/05/06/best-tax-saving-mutual-funds-elss-of-2011-in-india/
Thanks 🙂
Dear sir,
I am 33 old and want to invest Rs 5000 per month in MF by SIP for long term only 5years. PLEASE sggest 3-4 best funds as per thier allocation. which funds to choose growth or debt? low risk
thanks
regards
shailesh
my goal is very clear i want to get minimum 50000 per month after 15years
how much should i invest through sip per month and my age is 30yrs after completed the 15yrs what are the lumpsum amount i get totally transfer to annuity. iam not interested in insurance plan. suggest the mutual funds which given best returns.
Hello Sir,This is Arjun i wanted to invest my annual savings amount in MF which they are linked to Debt and in ULIP too and my total budget for these 2 are 71000/- and these are not only the tax benefits and they must helpful in secured and little bit of interest is also expected for my investment.Requesting you please let me know if any of schemes are suitable to my requirements and thank you in advance for your suggestion.Waiting for your reply
sir,thanks for this blog,its very usefull.i am 25,want to invest 1000 in SIP per month for 3 years what you think abt sbi?i would prefer SBI or LIC,which one has better and safer plan.i invested in other plans already and want to open only one SIP.kindly advise the same..thankyou.
Sir,
I am looking forward to starting a SIP. I have thought of investing Rs 5000 for starters. Please suggest me funds in which I can invest in. Should I be investing more in Mutual funds??
sir i am 35 year old. I want to invest 5000 per month throw sip in five mutual funds. Plz suggest me,..?
following website is helpful in many ways on stock and share trading – http://www.stocks-stocktrading.com/
I have a basic question.In a 5 year SIP can i expect 12% minimal return in spite of all the fluctuations the stock market has.
@Shyam, You possibly can. The more you stay in the stock market, the probability of loss is less and earning is more. But there is no guarantee.
@Radhey Sharma, Correct, there can’t be a guarantee of any investment vehicle unless they are fixed income / FDs.
BTW, if the amount to be invested is not very huge and the risk appetite is low or moderate, I think it’s no harm in sticking to the fixed interest instruments rather than breaking our head over market fluctuations and short-term spikes and dips.
Hi Sir,
I am planning to invest Rs-1000 for longer period of time, can u please give some Mutual Funds company details where i can invest.
Thank You,
Vinay
9379172761
@vinay, Read
https://www.thewealthwisher.com/2012/01/08/3-best-large-cap-mutual-funds-to-invest-in-2012-in-india/
Iam planning to invest 50000(one time investment) for 3 years (also need tax cover).whatis your opinion about investment in Tarus -ethical fund
@chandra,
Taurax Ehtical Fund is not going to help you save tax as it is not a tax saving MF.
Why don;t you try the best ones I have covered for 2012 ?
@Chandra,
Tarus – ethical fund? never heard about this. What’s so ethical about this fund, what made you invest your money in this?
Why don’t you just stick to the best performing funds which Radhey has covered.
Rakesh
@Shyam,
If your horizon is only 5 years, I would go for a recurring deposit or FD, or a Balanced fund like HDFC Prudence.
@DMan, Well I have nothing against FDs and in fact they were the first savings instrument I also started investing into. However, if you fall in the highest tax bracket they can make a hole in your pocket unless of course they are tax saving FDs but even then the returns are not very attractive considering 5 years horizon. Also, I think there is some limit on the amount invested, 1 lakh or something, not 100% sure though.
I read somewhere that FDs are govt conspiracy to ensure people dont become rich .. LOL. It is true in the sense you cant become rich because FD returns [post tax] can hardly beat inflation forget you making any profits. They should be considered only for emergency funds due to high liquidity.
@Vivek K, And you would be amazed that so many people pull of out equity and go for FD as it is “safe” !
@Radhey Sharma, I hope the blogs like this can change peoples perspective.
@Vivek K,
I look at FDs more as a ‘capital protection’ instrument. Returns are not spectacular but are assured, which for some people is more important than significant capital appreciation. Moreover, interest rates on FDs are still at very high levels pushing 10% pa. Over a period of 5 years, compounded interest works out to between 11-13% pre-tax and over a period of 10 years, pretax compounded interest gives up to 18% returns depending on the yearly interest rate. So I think its not a really bad deal, unless you are in the highest tax bracket, which is mostly unlikely if you are investing very small amounts.
I would still prefer FMPs or liquid funds from good fund houses over FDs for shorter periods, balanced funds for medium term and equities for long term.
@DMan, Only thing I’d like to say here is just do some additional calculation and see if post tax yield over 5 years can beat inflation over 5 years and help you achieve your goals as well. If it does then good for you or else you should look for alternates. Inflation is something all of us underestimate, which slowly and steadily makes hole in our pockets.
@DMan, Yep, that is a healthy way to look at it as well.
FMPs or liquid funds are also good.
Remember one thing, you invest in these avenues with a goal or purpose in mind. Depending on who will consume or use that money, park it in the avenue of your choice.
As an eg, all of Emergency funds in liquid MFs is not advised as family members should be able to use it when this is required.
I have taken out profits from stock market and parked in FD’s @ 10% -11% interest p.a. The interest earned does not cross 10k so no TDS. Even though i could park in MIP’s and liquid funds but i am already invested in them and feel more comfortable with FD’s.
Rakesh
@Rakesh, Which bank is giving 11% interest on FDs?
There are quite a few co-operative banks which give 10% interest, 11%(Senior citizen). Me & My family have been operating with them for over 10 years and am very satisfied with their services.
These banks are based out of Mumbai – Citizen co-op bank and Model bank to name a few.
Rakesh
@DMan, Balanced Funds are better than FDs in my opinion for 5 years.
@Radhey Sharma, Agree, they are better any day but still if your risk appetite is low, Debt MFs are also an option.
If you like balanced funds then HDFC Prudence is a must in your portfolio, its an amazing fund and given good returns over a long period of time. I am invested in this fund since last 5 years.
Rakesh
@Rakesh, Caution: While I have nothing against this fund and I myself have it in my portfolio, no one should get emotionally attached to any fund. In my opinion there is no such thing called “must have” and when people get emotionally attached to any fund, that’s when they start making mistakes. The choice of funds should be purely based on the goals and strategy to keep a diversified portfolio.
@Vivek,
As long as Prashant Jain is the fund manager i know my money is in safe hands. I have been following him for the last 10 years and he has done an excellent job.
Of course i also have a strategy in place for this fund. Once my goal is achieved i will redeemed the required amount.
Rakesh
Hey can you suggest couple of good Debt mutual funds?
@Sudip D, Will do an article on this.
@Radhey Sharma, Great. Will be waiting. 🙂
@Sudip D, Hi Sudip, While Radhey is doing his article on this, you may consider below debt funds for long term: –
– Canara Robeco Income (G) – This has given one of the best results over past 5 years.
– SBI Dynamic Bond Fund (G) – While the 5 years performance has not been so great, it has boosted the returns in past 1-2 years and is seen as a fund with bright future.
– UTI Bond Fund (G) – This has been giving consistent decent returns over the past 5 years. Also, this seems to be pretty safe bet as the investment is in companies with AAA or AA+ ratings only.
@Radhey, what are your views on this?
@Vivek K, Hey thanks for the suggestions. They are already on my shortlisted debt funds. Just want to take second opinion from the experts.
What do you do Vivek?
@Sudip D, You are welcome Sudip. Lets see what Radhey comes up with? 🙂
I work as a project manager for IT department of a MNC bank in Bangalore. And just like you I keep reading articles/blogs on financial planning and its products. I like this forum particularly due to the fact it allows discussions and sharing knowledge openly.
What do you my friend?
@Vivek K, That’s great. I work as a Business Development Executive in a IT services company in Pune.
As soon as I started my career & begun to draw a considerable salary I got keen towards financial planning/investment & through Google search happened to drop in to this site; liked the informative posts & Radhey’s precise replies & also the discussion among the members which further broadens the knowledge so subscribed to the articles.
From how long you have been working?
@Sudip D, I have been working for 10 years now and been in Bangalore for 7 years.
Good to see IT professional planning their careers so well.
Usually its the guys from Accounting background whose finance are organized.
@Vivek K, Nice.
So by now you must have a well established career as well as a solid portfolio.
Since when you have started to build your portfolio?
@Vivek K, Thanks Rakesh and Sudip.
Actually I have got my investment sense turned on as recent as 3 months ago. I have saved some money and invested some of it but without any proper planning or goals. I don’t know when and how I realized I should start investing properly but ever since I did I started reading endless blogs and articles on financial planning. Now I’ve started to streamline things and slowly getting organized.
Amount: Rs.10,000(Just Rs.10,000, i.e. just once).
Investment Period: 15-20 or even more.
My age: 22.
Need: Options/places(Mutual Fund, Stock Market/Shares, FD, Others) to invest in.
Summary: Advice needed for investing Rs.10,000 “one-time” over long-term (ideally 15years, but 20 or more is even fine).
Thanks.
@Zee, Do a 10 month SIP in a equity diversified large cap MF.
@Radhey Sharma,
Does SIP allow one-time investment and that too for Rs.10,000?
PS: Sorry, for a silly-looking question, but I’m new to investment concepts! : )
@Zee, Hi Zee, no question is silly question :). All of us learning here.
SIP stands for Systematic Investment Plan and it is a way to invest in Mutual Funds. Doing SIP in mutual funds means you are investing a fixed amount in a particular mutual fund on monthly basis. You can select the start date and end date to invest in a mutual fund.
You can certainly do a one-time investment [and that too of 10,000] as well in a mutual fund but I think Radhey advised you to invest this 10,000 over a 10 month period [1000 a month] via SIP in an equity diversified large cap mutual fund.
@Vivek K, Thanks Vivek. Your help is appreciated.
@Radhey Sharma @Vivek K,
Thanks for answering my queries. : )
Why not go for Bonds or Shares maybe?
Wouldn’t they be better than MF?
Also, is there any place, where one can put many investment questions through, like a chat site?
@Zee, I recommend you start reading the beginner artricles –
https://www.thewealthwisher.com/personal-finance-basics/
@Zee,
Please read through the article link given by Radhey & Vivek they will be very helpful. You mentioned Shares, making money in stock market is not easy. Only 10% of people make money in shares. You need to do a lot of reading & research. I am in the stock market since last 10 years and i am still learning.
@Zee, Also Zee I’d advise you to read these articles and get your basics clear about MFs.
https://www.thewealthwisher.com/2010/07/15/what-is-a-mutual-fund/
https://www.thewealthwisher.com/2010/07/24/types-or-classifications-of-mutual-funds/
https://www.thewealthwisher.com/2010/07/18/advantages-of-mutual-funds/
https://www.thewealthwisher.com/2010/10/13/systematic-investment-plan-sip-of-mutual-funds-the-basics/
Although Radhey is a credible person and you can take his advice any day but you should know the basics of your investments so that you can take an educated decision yourself. That’s the whole idea of this blog – to literate as many people as possible on financial planning and products.
Happy reading and happy investing!
@Vivek K @Radhey Sharma @Rakesh,
@Rakesh: Thanks for the advice and also for a li’l peek into the Stock Market area.
@Vivek K: Thanks for the mutual fund links and you are right about first educating myself about the primary concepts, will do that.
@Radhey Sharma: Thank you very much for the link to the all-in-one info article. Will get back to you, if I have any more doubts.
: )
i want to invest in sbi sip,can you pls suggest me which fund i chussing for my invesment & i want to know that my invesment is tax-exempted or no. thnks…
@joddha aniruddhsinh, What time frame are you looking at ? What is the purpose of investment ?
@Joddha,
Why only SBI and not other funds? Do you want to invest to meet your tax requirements? Radhey has written some wonderful articles for investments in MF. Please go through them.
Rakesh
Hi Sir,
My name is Baskar working in BPO sector, I would like to invest Rs.1000 each in two mutual funds, could you please suggest me in which mutual fund should I have to invest. I searched in valueresearchonline, moneycontrol. From that I found that UTI Dividentyield fund is one of the best and also risk factor is low for that fund, and it gave around 15% for past 5 years and top 10 ranked fund. so i like to invest in that fund is it ok? and I want suggestion from u sir?, and also could you please suggest me another one mutual fund for me???? Your reply is greatly apprecaited.
Age:24 years
Risk: low to Medium
Investment years: long term (10 to 15 years)
tax saving
Baskar,
Till Radhey comes up with his view, i will provide my suggestion.
Good to hear that you are keen to invest at such a young age. As your risk appetite is low to medium you can look at large cap funds namely DSP Top 100, HDFC Top 200. They have been consistent performers for a very long time, i have been investing in them since last 5 years.
@Rakesh, thanks for your quick reply Rakesh, what about uti dividentyield fund????? From valueresearchonline and moneycontrol I found that Dsp top 100 and hdfc top 200 they gave rank 3 but for uti dividend yield fund they gave rank as 1.
@Rakesh, Bang on, that is what you go with.
@Bhaskar,
I don’t track UTI funds. Ever since the Unit 64 scam i have stayed away from UTI.
Hello Sir,
I am totally new to invest in funds. I want to invest 40,000.00-45,000.00 in mutual funds per annum for 3 years. Which would be good fund to invest? Please suggest 3 funds as i want split up 45,000 into 3 different funds. I will take suggestions too.
Thanks a ton.
@krishna, Hi Krishna, If you are new to this field, I’d suggest you to understand the fundamentals of mutual funds before you start investing. You may read below articles: –
https://www.thewealthwisher.com/2010/07/15/what-is-a-mutual-fund/
https://www.thewealthwisher.com/2010/07/24/types-or-classifications-of-mutual-funds/
https://www.thewealthwisher.com/2010/07/18/advantages-of-mutual-funds/
https://www.thewealthwisher.com/2010/10/13/systematic-investment-plan-sip-of-mutual-funds-the-basics/
Once you have understood you can use below articles to select the funds yourself: –
https://www.thewealthwisher.com/2012/01/08/3-best-large-cap-mutual-funds-to-invest-in-2012-in-india/
https://www.thewealthwisher.com/2012/01/11/4-best-large-and-midcap-mutual-funds-to-invest-in-2012-in-india/
https://www.thewealthwisher.com/2012/01/13/best-mid-cap-small-cap-multi-cap-mutual-funds-to-invest-in-2012-in-india/
https://www.thewealthwisher.com/2012/01/28/best-tax-saving-elss-mutual-funds-in-india-for-2012/
Disclaimer: I am not a financial advisor and a reader of financial blogs just like you.
@Vivek K, Thanks Vivek.
Krishna –
Take two large cap (DSPBR Top 100 and HDFC Top 200) and 1 one mid cap (IDFC Premier Equity).
Is UTI oppurtunities Fund a good one to invest in ?
I am a beginner in this field. My age is 23 and I recently joined Mphasis in july.
I want to start with Rs 1000-2000 through SIP.
@Ritish Puri, Start with DSPBR Top 100.
Hi,
I am currently investing 4000 for my 1 year old daughter’ future education and marriage:
1) 2000 in HDFC Top 200
2) 2000 in IDFC Premier Equity
I am planning to invest another 6000 for wealth creation in long-term (15-20) years. Please advise. Thanks.
@Amber,
Good to hear that you have started planning and your time zone is 15 years. People don’t realize that equity is for long term. You can also look at DSP Top 100 and Reliance Eq. opportunity fund, they are good funds and in my long term portfolio.
Radhey has also suggested some funds above, please go through them and invest. Also make sure to monitor your portfolio once every year. If any of the funds are not performing consistently over a period of time then you may switch to other good funds.
@Amber, Amber, the MFs are top notch. Continue.
Do goal based investing please, read –
https://www.thewealthwisher.com/2010/10/07/setting-financial-planning-goals-or-goal-based-investing/
Thanks for replying.
My current annual investments include: PPF (70,000 annually), PF (7-8000 monthly), ULIP (MAX life – maker premium) (24,000 annually), 48,000 (Mutual Funds) and some FDs. Is this bouquet of investment sufficient for long-term wealth creation? I plan to increase investments as my income grows.
Also, I want to get out of ULIP as it was a bad decision on my part. I am not sure how surrender charges would be. Also, should i exit ULIP now as I have already paid 4 years of premium?
My long-term goals are buying a good house, my daughter’s education and marriage, and saving enough for my retirement. I am currently 33 years old.
Thanks.
@Amber,
For ULIPS, you can call the customer service and get the latest NAV. On the basis of that you would be able to determine how much profit you would have made. By the way what are the charges for this ULIP?
Radhey had provided the above link through which you could determine the investment you need to make to achieve your goal. You can apply that to your goals.
I am no expert in this field, lets way what other experts have to say.
@Rakesh, Charges are pretty high. In the intial 3 years, they were over 20% and from the fourth year onwards, they are charging 8.25% annually!!
@Amber,
These charges are way too high. So till date you have invested 96,000. Do check what is your current NAV and decide. If you are willing to take loss then i would suggest to close it and switch to better performing MF.
Infact my wife had a ULIP with Bajaj allianz and the charges were 30%. Even after paying premium for 4 years the NAV was less than the investment amount. We closed the ULIP.
Please wait to hear what other experts have to say.
@Amber, If you have already paid the premium and no more premiums are required then let the investment be there. You should get decent returns at the end of 5-7 years, keep an eye on the NAV and exit when you are getting decent returns after all admin charges. If you plan to exit before 5 years charges will be high.
I am suggesting this because personally I don’t like to go for losses unless I am in real need of money. Rest the choice is yours. 🙂
@Amber, Amber, I recommend you go for paid services.
No one can assess whether you can meet your goals with the current investments you are doing. There are too many factors and parameters at play here.
The money you are putting in is meaty but we cannot ascertain whether your goals can be met as we do not know the targets.
Getting out of a ULIP is a function of whether of many things again and if you situation is made worse by the premium that you pay towards the ULIP, then get out of it otherwise if you can continue then stay put.
@Amber, I would suggest to go for goal based investments.
First identify what your goals are like retirement planning, child’s higher education, marriage etc. Then use a calculator to determine how much money would you need for each goal. Any good calculator should also tell you how much monthly investment is required to achieve your goals.
Once this is done diversify your investments across equity and debt based on your risk appetite. Ideally I would suggest 60-70% in equity and rest in debt. Investments in MFs via SIP is the best way to go. In equity investments, diversify your investments across large cap, mid-cap and small-cap funds.
It is important to review your portfolio once in 6-12 months and make changes, if required.
Let me know if you have any doubts/queries. You can always ask here or hire a CFP. 🙂
Sir,
I dont know about mutual funds.
i want to invest on some mutual fund. cold u suggest best.
my investment is for long time.
could tell is long term or short term MF. which one is best
@Chrandra,
Before you invest always do your research, do not follow anyone blindly. After all its your heard-earned money. Radhey has written some excellent articles. For start you can read about MF and its advantages below.
https://www.thewealthwisher.com/2010/07/15/what-is-a-mutual-fund/
https://www.thewealthwisher.com/2010/07/18/advantages-of-mutual-funds/
Hi sir this is Gunasekharan, married 25yrs working in MNC salary of 14k one day I got a call from Kotak insurance saying invest Rs.2k after 3 yrs u ll get 1.5 lacs so I started invest in that and I had completed 2.5 yrs but now got know that 1st yr premium will get only on maturity which is ULIP Right now fund value is only 9k and also I’m paying birla insurance 1k per month…total 3k I m investing in ULIPS Only all savings in ULIPS kindly advise shall I continue for my future ..i hv daughter 4 months only for her
@Gunasekharan,
A bit confusing,
what is your income and how much of it are you investing each month and where ? Avoid this Kotak product please for now…
Hi my salary is 14k if I take out money it create a loss riwht…. Shall I exit after 7 Yrs ….. Then what about adirhya birla ULIPS
@Gunasekharan, Since you have invested significant amount of money in Kotak, I’d suggest to finish 3 years or whatever is the minimum period and don’t invest anymore. After that keep checking its value [including all charges to be paid to Kotak] once or twice a year and come out of it when you think you are getting decent profit.
If Birla is also a ULIP and you have invested only 3k, I’d suggest to discontinue it and forget about the money.
Let’s see what Radhey has to say and then you can take a call.
@Vivek K, Basic question –
what is your salary per month – ?
how much are you investing in ULIPs total per month ?
@TheWealthWisher, I think the guy has mentioned that his salary is 14k per month and he is investing 3k in ULIPs [2k in Kotak and 1k in Birla] per month.
Is this what your question was or I were to read something between the lines? 🙂
@Gunasekharan,
What are the charges you are paying for these ULIPS? I think you were mis-selled these Ulips. But don’t worry you are the right places. Please read through the various articles what Radhey has written and you will gain more knowledge. Investing in MF’s via SIP’s and taking adequate term plans is a better combination, I have done that and its working good for me.
As for selling Ulips, that will be your call. First find out the value of amount invested and the current net value. If you are willing to take this loss then go ahead or just stay put.
Please wait to hear the views of other experts.
@Gunasekharan, Please stay away from ULIPs my friend, they are an expensive product with average returns. At the end of the day ULIPs also invest money in equity, which you can do yourself by doing SIP in MF.
If there are no more premiums to be paid for ULIP and you don’t need that money immediately, I suggest stay invested in it and try to sell it after 5-7 years.
For your daughter please start investing in PPF and SIP in MFs. If you are new to MFs, start with balanced funds and slowly move to large cap and then mid cap funds.
But before that make sure you have a term insurance, accidental insurance and health insurance and you are adequately covered from all perspectives.
If we have confused you, pick one thing at a time and ask any question you may have.
Thanks Vivek for your valuable information, could you pls suggest/advise which insurance company good for Term and health. Is ICICI ?
@Gunasekharan, There is no one solution for all when it comes to buy insurance of any kind. It varies from person to person depending on their requirement. One should throughly do some research and then select a insurance. This way a person will know exactly what he/she has bought and what are the returns.
I can suggest a few names and you can do some research based on their claim settlement ratio, market goodwill, premium amount etc
– HDFC
– Kotak
– LIC
Try to keep it simple without having too many riders.
For health insurance you may consider: –
– Apollo Munich
– Max Bupa
– National
– Oriental
Better contact medimanage . com, they are the experts in dealing with health insurance. I have dealt with them personally and found them good. They do not charge any commission from the customers and they assist with the claims as well free of cost.
Note this is the list of companies I feel are good, there could be more so you may add or remove while conducting your research.
Let us know which one you choose and why? 🙂
I have a 20Lakh That I have parked in 1 year FD ~9% , can you sugest me a better investement .
@Rowdy,
What is your risk appetite? Please remember investment in MF is for long term. If it matches your requirement then you may invest in the above funds.
If you can’t take risks then continue with your FD.
You may consider investing in MFs via SIP if your investment horizon is 5+ years. You can split 20 lakhs investment into 5-6 good MFs and invest via SIP over a period of one year.
Hi,
I want to invest Rs 2000 per month for one year by SIP .Please suggest me some good options.
@Sumit,
What is your risk appetite? How long do you want to invest? Do you have any goals to achieve with this investment? Please remember MF investment is for a long term.
Sumit, if you are looking to invest for one year then MFs are not the place. Bank FDs are a better option.
To invest in MFs you should have a time horizon of at least 3-5 years. If you are investing for the first time I suggest you go for a balanced fund like HDFC Prudence or HDFC Balanced otherwise you can pick any large cap funds from below: –
https://www.thewealthwisher.com/2012/01/08/3-best-large-cap-mutual-funds-to-invest-in-2012-in-india/
want to invest 2 to 4 thousasnd per month for a period of around 5 yrs. Plz suggest
You can pick any two MFs from below categories: –
– HDFC Top 200
– UTI Opportunities
– IDFC Premier Equity
– Quantum Long Term Equity
Keep checking their performance at least once a year.
Hello sir, I want to invest Rs.6000/- per month in Mutual fund in SIP basis for period of 10 to 12years, so i went to the financial advisor, he advised me to take the below plan:
1. Reliance Tax Saver Fund-Growth Plan(For Tax purpose)-2000/-
2. ICICI Prudential Mutual Fund-2000/-
3. SBI Mutual Fund-2000/-
Here my question is whether the above fund plan is profitable to me or not?? or else suggest me the good return plan.
Thanks in advance.
@Deepak,
I am surprised when your adviser mentioned Reliance Tax Saver. Also didn’t he mention the fund names of ICICI and SBI. Please do your own research before investing. I would go with the below funds.
HDFC Top 200
DSP Top 100
I have been investing in them for over four years and have earned decent returns.
@Rakesh,
why rakesh Is Reliance Tax Saver not that much good ah???
FYI:
The other two plans are:
i.) ICICI Prudential Tax Plan-Growth
ii.)SBI EMERGING BUSINESS
I asked the advisor to invest my money into HDFC Top 200 or DSP Top 100, he said: that and all very high risk fund so as you are beginner i suggest you to invest the above mentioned plan, he has been in the field around 10years, so i don’t know what to do. kindly help me.
@Deepak,
Canara Robeco Equity Tax Saver is a much better fund, Please do your own research before investing. I don’t track the other funds mentioned by you. I am surprised why your advisor suggested not to invest in HDFC & DSP funds these funds have been consistent performers over the years. As your horizon is that of long term why worry about immediate risks. Please go to valuereseach and check the performance of the funds recommended by your agent and HDFC & DSP funds and then decide.
Invest in tax related MFs only if your 80C limit is not completed. With the home loan you have taken I don’t think you need anything else to invest for 80C.
The MF options I have given you below but I also recommend you to go into the archives section of this blog and read articles on MFs. It will help you in taking an educated and informed decision.
@Vivek,
Sorry vivek currently am not availing any loan, i am going to take a loan to construct my dream home. Thats is the reason i am simultaneously investing my money into the mutual funds also, because i wants to repay my loan amt of Rs.20lacs within 12years instead of 25years, so am expecting huge profit amount(27 to 30lacs) from mutual funds. IS my idea is right??? or suggest me a better idea/plan.
Dear Sir,
My name is Deepak, my age is 25. am recently got married. i am working as a senior software engineer in reputed organisation and my wife is also working. our total take home salary is around 54,000/- per month. We used to save Rs.21000/- per month, so i decided to take a Home loan to built a house, This is my long term goal.
Loan amount: Rs.20lacs, ROI:10.50%(fixed) Tenor:20years EMI: 15,000
So after that paying my EMI’s, i had hardly saving Rs.6000/-per month, so i decided to invest Rs.6000/-per month in SIP basis for the period of 10 to 12 years,beacuse based on the returns which i received from the mutual fund i am going to repay my full loan amount as soon, so kindly advice me the good high returns plans with average risk to achieve my goal.
Thanks & Regards,
Deepak.M
@Deepak,
You made a wise decision on building your own home. May i know why you choose Fixed term? With correction in interest rates you could have opted for floating rate and interest rates would come down in the near future.
@Rakesh,
Your question is right, nothing big rakesh; i just did some research on the Home loan interest in the year of 2008-2010 all the banks in india were charging interest rate of 8.75 to 9.75% for home loans, From 2010 to 2012(till march) they charging interest rate of 10.50 to 10.75% so if RBI comes reduce the interest rate means they will reduce at max of .25 to .50% but if they increased means it will increase around max of 1.25 to 1.75% so, i thought to take a wise decision of taking a fixed interest rate instead of taking Floating rate.
You have planned your finances well Deepak. You can invest the extra 6000 in
equity MFs via SIP. You can look to invest in 2-3 MFs, pick one each from below groups: –
– DSPBR Top 100 Equity Reg
– Franklin India Bluechip
– ICICI Prudential Focused Bluechip Equity
– HDFC Top 200
– UTI Opportunities
– IDFC Premier Equity
– Quantum Long Term Equity
After investing keep checking the performance of the funds and switch if any fund is consistently under-performing.
Happy Investing!
@ Vivek,
Now i can’t change anything vivek, because my 1st account statement got generated so atleast for 3years i have to be in the tax saver mutual funds(Reliance & ICICI). Then i don’t have sufficient amount to invest further because i have already taken medical insurance for me and my wife and am paying monthly Rs.4260/- for LIC premium also, so i decided to invest further only by nxt year.
These are my Investment Savings:
i.) Four Mutual funds(2 for me to save tax, 1 for my wife to save tax, 1 for future purpose)- Total spending: Rs.8000/- permonth SIP basis.
ii.) LIC Insurance(Sum Assured Rs.10lacs/-(Maturity: 25years), Remaining Rs.10lacs/-(after my death)- Total Spending: Rs.4260/- permonth.
iii.) Mediclaim Policy -Total spending: Rs.4650/- Perannum, monthly- Rs.390/-
iv.) Going to avail home loan: EMI- Rs.18,960/-
The above are my spendings and savings vivek. kindly help/advised me Is this is enough to survive or anything i have to add???? Your valuable advice will going to change my future.
LIC monthly premium Rs. 4260 for policy SA – 10 lakhs, which policy is this? Looks like benefiting the agent.
I think you need to read on term plans. You can get a 50 lakhs policy for as low Rs. 5000 per year.
That’s fine Deepak, you can invest in MFs suggested when you have some extra cash to invest.
I think you should immediately look to take a term insurance. I don’t think coverage of 10 lacs is enough especially when you are now taking a home loan.
@ Radhey:
Hello sir, i am waiting for your suggestion and advice kindly help me.
Hello sir, I have invest (1) SBI MSFU contra growth 2000/-pm (2) Relience growth 2000/- per month in Mutual fund in SIP basis for period of 10 to 12years, please advised me correct or not. My only one son 2.5 yrs old I want to invest for his education purpose please advice me long term in one time investment. My income is 25000/-PM, PF 8000/-pm going to 6 lacks that I want to reduce pf and invest to MF please advice me. I have retirement about yr 2022. thanks
@Pradip,
Do check the performance of both your funds on valueresearchonline site. If they are underperforming for quite sometime then its better to swtich to good funds.
HDFC Top 200/ DSP Top 100 are some of the good funds.
Dear Thewelthwisher,
I want to secure my 3 year old child future. kindly suggest me should i go traditional child plan or should i go with SIP.
If SIP, please suggest me best SIP….
@Mohit,
SIP is the way to go. How much money do you want to invest. You can select from the above discussed MF.
@Rakesh
i would like to start with minimum 1000 PM..
@Mohit,
You can invest in DSPBR Top 100. Do note investment in MF is for long term.
Do not take traditional plans, go for mutual funds. Read the archive section to find out the best performing one’s.
@Rakesh
I have two more query kindly guide me.
I am 33 year of age with 3 year old son, me & my wife is working i have 14 lakh bank loan & my total family income is 6.0Lakh PA. Currently i am paying normal LIC premium around 30,000 PA.
Query 1- should i secure my home loan?
Query 2- Please suggest which one is good for me “LIC Jeevan Saral & Kokak Capital Multiplier Plan” if other please tell me.
@Mohit,
I am not a financial expert, I am also a reader like you who have gained knowledge reading various articles here. Do spend time reading here and you would gain good knowledge.
As fore your queries –
Yes, you should always secure your home loan.
Don’t buy plans from LIC and Kotak their premiums are high and returns are low, instead buy an online term plan and invest the difference in MF by SIP’s.
This link talks about the best way to protect your home loan.
https://www.thewealthwisher.com/2012/05/23/home-loan-insurance-or-term-insurance/
Rakesh , you are best of the lot !
Hello sir,
I want to invest Rs 5000/- per month in MF.
Kindly guide me .
Hello sir,
I want to invest Rs 5000/- per month in MF.
Kindly guide me .
For what purpose ?
sir,
I want to diversify my investment portfolio.
@Nabanita,
What is your time horizon? please invest in MF only if you can wait for over 10 years and can be prepared to take some losses too.
ok. time horizon is not a problem.
Can you please suggest regarding the plans, since I am new to this MF field.
@Nabanita,
Go with DSPBR Top 100, HDFC Top 200 and Birla sunlife frontline equity funds. Make sure to review them every year. I have invested in these funds. Do spend time here and read various articles on personal finance, you will gain knowledge.
Hi I am new in MF investment.
i am planning to invest 4000-4500 per month in MF as per bellow can you please suggest me in this.
its sufficeant amount in the starting or should i plan 6000-7000pm
my planning
HDFC top 200- rs. 1000/-
UTI Opportunity – rs. 500/-
Franklin India Tax shield- rs- 1000/-
Reliance Equity rs-500/-
ICICI Prudential focus blue chip rs. 1000/-
Birla MNC Mid Cap rs. 500/- (confused)
please suggest + or – of money investing as above
Thanks in Advenced
@Kripa,
You don’t need 6 funds, select 2-3 funds. Do remember investment in equity is for long term.
From the above HDFC top 200, ICICI pru are good funds and you can invest in them.
Why did you select Franklin India taxshield? Reliance equity has been under performer, avoid it.
Thanks Rakesh,
Got it. Thanks you much for suggestion,
also can you please guide money proportion for above Fund. and which another MF i can add in my portfolio for minimized my risk.
Regards- Kripa S
Kripa,
DSP Top 100 is a good fund too. You can split Rs 1500 each into these three funds.
Please do your own research before investing.
Also make sure to review your investments once every quarter.
Well Noted Thanks !!
Rakesh