Re: please give fund advice
Actually i want to post new post but i dont know how to do that.
iam having 100000 i want to invest in MIP like HDFC MIP LT or Reliance MIP i need every month the dividend (only dividend) should be invested in midcap funds .it should be no entry load or TDS . OR very less loading structure.
I like the plan of investing in a MIP fund (that protects capital a little better than pure equity funds but gives less returns) and invest the dividend in midcap fund (for high returns). This combination protects your capital slightly as well as giving slightly better returns in the long run. I hope you have atleast 10-15 years in order to realize profits. However, there is an uncertainty of the timing (its not monthly always) and the amount of dividend in MIP funds.
You are better off in investing in well managed and diversified equity funds like HDFC Top 200, DSPBR Equity and Birla sunlife Frontline Equity-planA. Since these funds hold stocks in the large&mid cap range, we have been getting consistent & good returns along with sufficient capital protection.
In the long run, equity scores way better than FDs or such. If you understand, the returns from FDs post-inflation is zero or negative.
If you still insist on monthly returns, try postoffice savings that returns 8% and your capital is safe. You can invest the dividend in a midcap fund like Sundaram select or IDFC Premier Equity planA.