portfolio query

[johndinesh]

Hello friends,

1.i have started SIP in HDFC TOP 200 for Rs.1000. If i have to increase MY INVESTMENT OF another 1000 Rs in the same fund ,should i start a new SIP ?

2.CAN I LATER (AFTER 1 YEAR)GIVE SWITCH /SYSTEMATIC TRANSFER OF FUND FROM ONE SIP OF HDFC TOP 200 TO ANOTHER SIP OF SAME FUND (i.e.. HDFC TOP200 TO HDFC TOP 200)???

3.how many large cap funds and how many mid cap fund should one have in his/her portfolio?
( large cap : mid cap ) for long term investment

4. IS BSL dividend yield plus a midcap fund?

5. which is the best among BSL frontline equity,icici dynamic,franklin bluechip, magnum contra

6. wanna start SIP IN ELSS FUND FOR LONG TERM , IS IT ADVISABLE ? how does NEW DIRECT TAX CODE AFFECT ELSS FUNDS?

Anticipating all ur prompt and expert advice ....thanx

 

[palka]

Too many questions at one time

1) How long have you started the SIP, are you paying entry load? if yes, then cancel the sip and start a new one.

2) The question is not clear to me. However, if you use an STP make sure that you do not have to pay an exit load.

3) There cannot be one answer that is appropriate for all. Roughly I try to keep about 60-70 % in large cap 20-30% in Midcap, 10-15% in small caps.You have to decide your allocation level. A portfolio is easily manageable if it contains less number of funds. 3-5 equity funds should be enough. It is not essential to separate investments into dedicated large-mid cap funds. Some very good funds invest across different market caps, e.g. HDFC equity.

4) BSL dividend yield plus has about 50% in mid caps and 30% in small cap. It is a good fund.

5) This question cannot be answered. After all the arguments are over, a fund is only as good as its returns in future, which no body can predict. And as fund houses say, past returns are no guarantee of future performance.
If I have to choose among these, I will choose from the first two.

6) If you want tax benefit from your equity investment, then invest in ELSS fund by all means.
DTC, if implemented in present form, may remove all deductions as we know them and make the tax slabs wider. e.g 30% tax for income >25Lac/year.

Disclaimer: I am not an expert, just an investor like you.