Hello!
I have been investing in MFs to the below funds since 2008, though in a very small amount. However, I did a foolish decision of redemption of part of it in October 2009, by over dozing my knowledge of booking profits though I did not need money. With the result, I have spent considerable amount and now want to pump back the balance redemption amount in my portfolio. Also I have some more surplus amount lying idle in Savings AC. So all in all, it is close to 80K to be put in MFs.
My current Portfolio are:
DSP BlackRock Equity
DSP Tiger
HDFC Prudence
SBI Magnum Contra
SBI Tax Gain
Sundaram Tax Saver
So apart from the Tax saver funds, my portfolio is summarized to 4 funds. Out of which tow funds have gone below ratings.. Magnum Contra, and DSP Tiger.
While I am not planning any further redemption on both the above funds, I request your advice if I need to add new funds or stick with contra and tiger funds.
If yes, here is what I am thinking
Old
DSP Equity [Core Large Cap Fund, continue investing]
HDFC Prudence [Core Balance Fund, continue investing]
New
IDFC Premier Equity Plan A-G OR Reliance Regular Savings Equity
[Risky Midcap Fund, but thinking of small allocation]
Kotak 30-G OR HDFC Top 200-G
[Would it be repetitive of my existing large cap funds, I dont know much]
So if I select 2 of the above choices, my investment in portfolio is back to 4. Do you have any other suggestions please?
Also, 80K, I know SIP works best.. do you think I should transfer these in Debt Funds and do a monthly/weekly STP?. If yes, please suggest some good Debt Funds for my above selection so that I can park my surplus money rightaway. I really do not know much about Debt Funds, I tried to research, there is a whole bunch of them.. gilt, index, long term floating etc etc.. I got confused, hence need this help.
Thank you.. Please put in your valuable advice.
Regards
Jeet
I have been investing in MFs to the below funds since 2008, though in a very small amount. However, I did a foolish decision of redemption of part of it in October 2009, by over dozing my knowledge of booking profits though I did not need money. With the result, I have spent considerable amount and now want to pump back the balance redemption amount in my portfolio. Also I have some more surplus amount lying idle in Savings AC. So all in all, it is close to 80K to be put in MFs.
My current Portfolio are:
DSP BlackRock Equity
DSP Tiger
HDFC Prudence
SBI Magnum Contra
SBI Tax Gain
Sundaram Tax Saver
So apart from the Tax saver funds, my portfolio is summarized to 4 funds. Out of which tow funds have gone below ratings.. Magnum Contra, and DSP Tiger.
While I am not planning any further redemption on both the above funds, I request your advice if I need to add new funds or stick with contra and tiger funds.
If yes, here is what I am thinking
Old
DSP Equity [Core Large Cap Fund, continue investing]
HDFC Prudence [Core Balance Fund, continue investing]
New
IDFC Premier Equity Plan A-G OR Reliance Regular Savings Equity
[Risky Midcap Fund, but thinking of small allocation]
Kotak 30-G OR HDFC Top 200-G
[Would it be repetitive of my existing large cap funds, I dont know much]
So if I select 2 of the above choices, my investment in portfolio is back to 4. Do you have any other suggestions please?
Also, 80K, I know SIP works best.. do you think I should transfer these in Debt Funds and do a monthly/weekly STP?. If yes, please suggest some good Debt Funds for my above selection so that I can park my surplus money rightaway. I really do not know much about Debt Funds, I tried to research, there is a whole bunch of them.. gilt, index, long term floating etc etc.. I got confused, hence need this help.
Thank you.. Please put in your valuable advice.
Regards
Jeet