New Investor : Help Please !!!!
Hello Friends
I am totally new to invest in MFs. I have about 50K to invest. I think I am not suitable for SIP since I dont have fixed income and hence am not sure whether I will be able to manage each month or 3 months.
For the last 10 days, I have been reading several articles here, personalfn, valueresearch to get accustomed and try to pick up some good funds for long term ( 8-10 years).
I am still not fully aware of terms like large, mid or small caps, risk exposure., risk weightage in portfolio etc etc.. However I have made an attempt as below for investment and would like to have few expert advice to see if i am right in my decisions. Please also mention whether the funds I have choosen is of high or moderate risk. Your comments and advice would be immensely helpful to me. After all just like you, it is my hard earned money and savings......
CORE:
1) Sundaram BNP Paribas Select Focus-G = 5000.00
2) SBI Magnum Contra = 10000.00
3) DSMPL TIGER = 5000.00
BALANCED:
1) Tata Balanced = 5000.00
2) HDFC Prudence = 5000.00
ELSS:
1) Principal Tax Saving = 5000.00
2) HDFC Tax Saver- G = 5000.00
Aggressive:
1) Reliance Regular Savings Equity = 5000.00
2) JM Emerging Leaders-G = 5000.00
OR UTI Infrastructure
Please also advice if I want to do an SIP for one or two funds from the above after the first inital lumpsum amount, is it possible??
Thanks in advance
Regards
Jeet
Hello Friends
I am totally new to invest in MFs. I have about 50K to invest. I think I am not suitable for SIP since I dont have fixed income and hence am not sure whether I will be able to manage each month or 3 months.
For the last 10 days, I have been reading several articles here, personalfn, valueresearch to get accustomed and try to pick up some good funds for long term ( 8-10 years).
I am still not fully aware of terms like large, mid or small caps, risk exposure., risk weightage in portfolio etc etc.. However I have made an attempt as below for investment and would like to have few expert advice to see if i am right in my decisions. Please also mention whether the funds I have choosen is of high or moderate risk. Your comments and advice would be immensely helpful to me. After all just like you, it is my hard earned money and savings......
CORE:
1) Sundaram BNP Paribas Select Focus-G = 5000.00
2) SBI Magnum Contra = 10000.00
3) DSMPL TIGER = 5000.00
BALANCED:
1) Tata Balanced = 5000.00
2) HDFC Prudence = 5000.00
ELSS:
1) Principal Tax Saving = 5000.00
2) HDFC Tax Saver- G = 5000.00
Aggressive:
1) Reliance Regular Savings Equity = 5000.00
2) JM Emerging Leaders-G = 5000.00
OR UTI Infrastructure
Please also advice if I want to do an SIP for one or two funds from the above after the first inital lumpsum amount, is it possible??
Thanks in advance
Regards
Jeet