Online SIP plans

#1
I am a newbie to MF.
I want to invest approx Rs. 5000 per month.
Please suggest me some good online SIP plans.
Also how long should I invest? 3-5 years?

Also I have heard some good reviews about Reliance Regular Savings Equity Growth fund. How is it?
 
#2
Now it is possible to set up an SIP fully online.

The kind of funds that will be suitable for you will depend on several factors. Assuming you want to invest in equity funds, Reliance regular savings equity is a good fund. it portfolio consists of about 50% in large caps, rest in midcap stocks, also a small portion in small caps.

Some of the funds that you can consider also are

HDFC equity, HDFC top 200, DSPBR equity, Fidelity equity, Reliance growth. You can choose 2 funds among these and start SIPs.

How long you will invest will depend long you can and want to invest.

All the above mentioned funds are equity funds. If markets fall your investment will also get eroded. It can even become half in value. however if you continue to invest and hold your investment you will reap a rich dividend . If you have followed the stock markets in the last couple of years you will know what I mean.

A market cycle will last 5-6 years on average, you should be able to hold on for that period.

Post further queries. try to be a little more elaborate.

Follow THIS link to invest in reliance funds
 
#3
But do not goto brokers like ICICI Direct you will endup paying extra money to them every month for each SIP. Better visit any nearest branch/office of your fund house and apply for the SIP and online transaction facility, its an onetime task.
 
#5
It is a sectoral fund with a narrow investment mandate. I do not invest in sectoral funds as a rule. However you can invest in a sectoral fund a small portion of your portfolio (10 -15%).

You must understand the sector well. However it is usually a bad idea to invest in any stock/fund because it has done well in the recent past (1 yr or such). It it is my GUESS that it will not do so well in the coming years ( next 1-2 year). But it is purely my guess. You must make your call.
 
#6
I am going to invest monthly 2000 Rs.(SIP) in each of HDFC top 200, Fidelity equity, Reliance Regular Savings Equity Growth fund.
Any suggestions?
 

yodlee99

Active Member
#7
All 3 are very good choices ..go ahead with SIP on different dates of the month.
Have some investments in nationalized bank FDs or in post office that are 100% safe.
Review your choices once every year.
Keep investing via SIPs for real long term (5 yrs, 10 if possible and if you can continue for 20 to 25 years, your family will love you even more;)

Good luck!
 
#8
@cool2cool: very good choice. Keep up regular investing. It is very difficult to keep investing when markets keep falling and you see your investments eroding. Ask anybody who is investing for the last 3 years. but that is the time when you make the maximum gain through an SIP. Ask any body who continued to invest in the last 3 years.

Happy investing :)
 
#9
1] As per Reliance site "The Reliance Regular Savings Fund is an open-ended scheme, which comes with its own ATM cum Debit card -the Reliance Any Time Money Card."

Is Reliance ATM card like any other ATM card?
Are there any benefits? Are there any charges for the same?

2] When I try to setup a new Fidelity equity SIP online, the system prompts to enter SIP End Date or No. of Installments.
Can I modify these (SIP End Date or No. of Installments) later?
 
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