SIP for 3-5 yrs

[rajesh kandimalla]

Hi

I am new to mutual funds,i am planning to invest 25000 p.m as SIP for 3-5 yrs or more.

kindly suggest me the types of investments and where to invest.

 

[nikrod]

Hi

I am new to mutual funds,i am planning to invest 25000 p.m as SIP for 3-5 yrs or more.

kindly suggest me the types of investments and where to invest.

Please refer to following thread. It discusses simillar requirement as yours.

http://www.traderji.com/mutual-funds-discussion-forum/42477-sip-investment-advice-needed.html

 

[rajesh kandimalla]

thanks for the reply nikrod.

kindly suggest me to choose which plan and how much share each fund.


HDFC Top 200 - Rs.

2. Reliance Growth Fund - RP (G) - Rs.

3. HDFC Prudence Fund (G) - Rs.

4. Reliance Regular Savings Balanced - Rs.

5. Birla Sun Life Dividend Yield Plus - Rs.

6. ICICI Prudential Discovery - Rs.

 

[nikrod]

I would suggest following allocation for SIP of 25000 PM

1. HDFC Top 200 - Rs. 8000

2. Reliance Growth Fund - RP (G) - Rs. 5000

3. HDFC Prudence Fund (G) - Rs. 3000

4. Reliance Regular Savings Balanced - Rs. 2000

5. Birla Sun Life Dividend Yield Plus - Rs. 5000

6. ICICI Prudential Discovery - Rs. 2000

You can consider dropping any one balanced fund from 3 & 4. You can add a large cap fund instead to balance your portfolio better.

 

[rajesh kandimalla]

thanks nikrod

i am planning to drop 3 and suggest me the plan in that place .

all these funds comes under tax savings right?

 

[nikrod]

thanks nikrod

i am planning to drop 3 and suggest me the plan in that place .

all these funds comes under tax savings right?

No. None of these funds are tax saving funds.

If you want to drop 3 then 3 funds you can chhose are

HDFC Top 200 - 9000
Reliance RSF - 8000
ICICI Pru Discovery - 8000

 

[rajesh kandimalla]

ok

let me know tax saving cum investment plan for 6k

 

[rajivnc]

ok

let me know tax saving cum investment plan for 6k

As ELSS[Tax Saving MFs] are in confusion w.r.t Direct Tax code, Experts please recommend whether to start a new ELSS SIP

 

[nikrod]

As ELSS[Tax Saving MFs] are in confusion w.r.t Direct Tax code, Experts please recommend whether to start a new ELSS SIP

You can start new ELSS SIP provided the SIP is getting over before 31st Mar 2011. For existing investments is ELSS, current tax laws will be applicable.