Greetings forum members,
I am a newbie to this forum and a newbie to investments as well! I came across this site only after I put my money on a few funds :annoyed:
I am 32, and I am looking to stay invested for a very long time (> 20 years) and I'm allocating INR 30,000/- every month in 6 different funds (INR 5,000/- in each fund), ALL of which are equity growth funds.
I would appreciate if you could take the time and provide me with your valued opinions on the following funds. Here goes:
1. Birla SunLife Frontline Equity Plan A
2. HDFC Equity
3. IDFC SME
4. ICICI Prudential Dynamic
5. UTI Dividend Yield
6. Reliance Growth
I don't quite recall the tenure that I chose (either 1 year or 3 years). I will have to check with my bank.
Few Qs:
a. Are these funds all decent funds to stay invested for the long-term? If no, which ones in particular should I get rid of, and possibly add to the portfolio?
b. Have I allocated the appropriate amount in each of the funds? Have I put a little too much in any of them?
c. Is it a good idea to increase the amount (by INR 5,000/-) in 1 or 2 funds within the very 1st year of investment?
d. Is it advisable to opt for 2 Large & Mid Cap funds, or choose 1 Large Cap fund and 1 Large & Mid Cap fund? If the latter, what Large Cap fund would you guys recommend between the Franklin India Bluechip fund and IDFC Imperial Equity Plan A?
I look forward to hearing back from you. Any other suggestions would be greatly appreciated.
Thanks, and safe investing
I am a newbie to this forum and a newbie to investments as well! I came across this site only after I put my money on a few funds :annoyed:
I am 32, and I am looking to stay invested for a very long time (> 20 years) and I'm allocating INR 30,000/- every month in 6 different funds (INR 5,000/- in each fund), ALL of which are equity growth funds.
I would appreciate if you could take the time and provide me with your valued opinions on the following funds. Here goes:
1. Birla SunLife Frontline Equity Plan A
2. HDFC Equity
3. IDFC SME
4. ICICI Prudential Dynamic
5. UTI Dividend Yield
6. Reliance Growth
I don't quite recall the tenure that I chose (either 1 year or 3 years). I will have to check with my bank.
Few Qs:
a. Are these funds all decent funds to stay invested for the long-term? If no, which ones in particular should I get rid of, and possibly add to the portfolio?
b. Have I allocated the appropriate amount in each of the funds? Have I put a little too much in any of them?
c. Is it a good idea to increase the amount (by INR 5,000/-) in 1 or 2 funds within the very 1st year of investment?
d. Is it advisable to opt for 2 Large & Mid Cap funds, or choose 1 Large Cap fund and 1 Large & Mid Cap fund? If the latter, what Large Cap fund would you guys recommend between the Franklin India Bluechip fund and IDFC Imperial Equity Plan A?
I look forward to hearing back from you. Any other suggestions would be greatly appreciated.
Thanks, and safe investing
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