Help in selecting mutual funds

[Simi]

Thanks for the help Narayan..Would surely go through the same.

[pasha]

Just stay out of MFs and stocks until this correction is over.
Once the bull market resumes, you can get in.

[rajaram.dilipkumar]

Originally Posted by Simi

Hi
I am looking farward to invest some 30000 Rupees in Mutual Funds.
Need help in deciding which of the mutual funds would be most beneficial.
Thanks

These are the best open ended funds available in the market right now and they are available 10% lower than their recent highs :

1. reliance diversified power
2. ICICI Pru infrastructure fund ( G )
3. SBI Magnum global fund and contra fund

[Simi]

Is this not the right time to invest in MF's??

[pasha]

This is still not the right time to invest in the market. Even if SEBI has managed to stop the rot today, the US markets are very weak which wil spillover into gobal markets.
At the least, wait until this week is over before entering.

[Simi]

Okay thanks Pasha

[Vicky78]

it is always a right time to get into stocks via SIP.

Put your money in a short term debt fund and do a systemantic transfer plan.

Avoid SBI mfs

Franklin Prima Plus - 30%
DSP ML Tiger - 30%
Birla Midcap - 20%
Reliance Diversified Power Sector Fund - 20%

but if you want to get to get a tech sector fund choose DSPML Technology.com fund, but you have to be prepared to wait for a long time to reap benifits out of this fund

For equity fund investment be prepared to remain invested for 3-5 years

[mayurkotlikar]

DSP ML TIGER fund is a good fund with very good track record. Remember, it is dealing with equities. So it is directly related to stock marget in general.
Same is true with Reliance Diversified power sector. Such sectoral funds are good for portfolio diversification.
But out of these two, if you are just starting, I would suggest T.I.G.E.R

DSP ML World Gold fund invests 'only' in the stocks of companies that are involved into 'mining' of gold and other precious metals. This IMO, is not directly related to stock market in general. But there is a catch. When you sell it, you earnings are taxed (10%).
Gold is good way to diversify though

[dipesha]

hi..
there is very gud prospects of infrastructure funds.
I believe that the best infra fund is DSP ML TIGER

Put some money say 5% in power fund like reliance power sector fund

and rest in diversified funds like
(1)SBI MAGNUM CONTRA
(2)SBI MAGNUM GLOBAL
(3)SBI MAGNUM MULTIPLIER 93
(4)ICICI Pru Dynamic Fund
(5)SUNDARAM SELECT MIDCAP
(7)HDFC TOP 200
(8)FRANKLIN INDIA FLEXI CAP

[himanshu12]

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