Help in selecting mutual funds

[Ram321]

Which is best???

Hi all,
I am new to this SIPs.
I am going to invest around 2000 pm in Mutual Funds.I have selected funds.But I ma not sure which is the best one and is it better to choose 2 funds to invest 1000 each or put into single fund?
my selection is:

1.MagnamTaxGain
2.HDFC Equity
3.Reliance Vison
4.Reliance Growth.

Can I put my money for 1 year time span in this funds?
I hope some one can guide..

Thanks
Ram

 

[johnbest]

Re: Which is best???

dear

all are best....if you want to get tax benefit too then go for
Magnum Taxgain. It has a 3 yr lock-in. Others from you list
dont have any lock-in period. Also if you can, then increase
the horizon of your investment ie go for a 3 yr SIP.

Also you can go for Magnum Contra, Magnum Global, Pru ICICI
Discovery, Pru ICICI Emerging STAR......if you increase your
investment period.

have a nice day
JB

 

[bansalg]

Re: Which is best???

You may also look at HDFC Prudence. Its a good performing balanced fund.

 

[niranjan190]

Re: Which is best???

I would suggest you to diverisify rather than putting everything in one basket.
My suggestion is to go for 1000 each in Magnum Tax gain and Reliance Growth

Magnum Tax gain and HDFC Equity belong to same category of large cap. Magnum tax gain performs better than HDFC equity.

Reliance Vision and Growth belong to same category of Mid cap. Growth fund perfoms better than Vision fund.

 

[niranjan190]

Re: Mutual Fund Investment

I would prefer

1. SBI magnum tax gain
2. SBI Magnum contra
3. Sundaram Midcap
4. Pru ICICI Services
5. DSP Technology

Sensex has already lost more than 10% in the last month. Though it can't be ruled out about further declines, we can start investing in small amounts now.

We are nearing a major support of 12700, which was the top of may 2006. Considering countrys growth and economy I don't think it would go down. Even if it breaks down 12700, it will come back soon.

Better invest in small amounts now.

 

[suresh_ktnv]

how to invest Rs 1 lac for a period more than 3 yrs

Hi
I have Rs I lac. How to invest this amt for a period morethan 3 yrs for good returns (not for tax savingS)

 

[bansalg]

Re: how to invest Rs 1 lac for a period more than 3 yrs

Depends on how much risk you can take and if you need to invest to save Taxes?

 

[Ankit Jain]

Re: how to invest Rs 1 lac for a period more than 3 yrs

I have Rs I lac.

If u want to invest, first of all u have to decide u need dividend scheme or growth scheme.

How to invest this amt for a period morethan 3 yrs for good returns (not for tax savingS)

If u want to invest for more than three years then keep ur mfs for more than three year.

 

[judemit]

Please Advise

Hi Guys,
I run monthly SIP in these 5 funds since last 6 months(2K in each fund). Please advise me if i am in the right track or if i need to change/modify my portfolio:
1) ICICI Services - Growth
2) ICICI Infrastructure - Growth
3) Sundaram Select Midcap - Growth
4) Reliance Growth - Growth
5) SBI magnum Contra - Growth

I want to invest 10K (Total amt every month) for next 3 years with medium risk.

Thanks in advance,
Jude

 

[niranjan190]

Re: Please Advise

It forms a good portfolio., but it carries high risk
Sectoral funds like Services,infrastructure and Midcap oriented funds like sundaram midcap, reliance growth are very risky but provide good returns in long run.

I would suggest to add Large cap oriented MF or an index fund.