Mutual Fund Advise for a NewBie

[somnathgupta]

Hi All,

First of all, Thank you for taking out your time to help others.

I am new in to mutual funds, and i am looking to invest around 15-20k per month through SIP.

I am keeping horizon for 5-7 yrs for those investments.

My Risk appetite is moderatly high, and i can afford to take risk.

Please suggest around 4-5 funds in which i can invest. I am planning for HDFC top 200, and DSPBR TP 100 Equity Growth.

Thanks in Advance,

Somnath.

 

[asterix24]

Hi Somnath,

Your choice of 2 funds is excellent. You can spread your 20000 investment as below:

Your choice
=========
Large Cap: DSP BR Top 100 - 4000
Large and Midcap: HDFC Top 2000 - 4000

Suggested additions
===============
Large Cap: IDFC Imperial Equity / Franklin India Bluechip - 4000
Multicap / Large and Midcap: HDFC Equity / Fidelity Equity / BSL Frontline Equity - 4000
Balanced: Reliance Regular Savings Balanced - 4000

In Balanced, you can even opt for HDFC Prudence, but it's portfolio is very similar to HDFC Top 200 and hence, I didn't suggest the same. The idea of your portfolio is to stick to 80% Equity Oriented funds with a spread across Large, Mid and Multi cap funds, avoiding Mid & Small cap funds. The rest 20% can be invested into a Balanced fund with Equity exposure.

If this is too high a equity exposure for you, you can consider eliminating the Multicap fund and investing the same into gold ETF.

Happy Investing !!

 

[milind]

These are good funds. You may consider having a third on in mid/multicap category like HDFC Equity, DSP Equity. Please also ensure debt allocation for your risk profile.

-- Milind

Hi All,

First of all, Thank you for taking out your time to help others.

I am new in to mutual funds, and i am looking to invest around 15-20k per month through SIP.

I am keeping horizon for 5-7 yrs for those investments.

My Risk appetite is moderatly high, and i can afford to take risk.

Please suggest around 4-5 funds in which i can invest. I am planning for HDFC top 200, and DSPBR TP 100 Equity Growth.

Thanks in Advance,

Somnath.

 

[Subhadip]

Hi All,

First of all, Thank you for taking out your time to help others.

I am new in to mutual funds, and i am looking to invest around 15-20k per month through SIP.

I am keeping horizon for 5-7 yrs for those investments.

My Risk appetite is moderatly high, and i can afford to take risk.

Please suggest around 4-5 funds in which i can invest. I am planning for HDFC top 200, and DSPBR TP 100 Equity Growth.

Thanks in Advance,

Somnath.

wellcome to financial arena
go for HDFC TOP 200
HDFC EQUITY
HDFC PRUDANCE
IDFC PREMIER EUITY PLAN A
DSP BLACKROCK EQITY

AND FOR TAX SAVING GO FOR HDFC TAXSAVER
AND HDFC LONG TERM ADVANTAGE FUND...

go for this sip..
1.hdfc top 200......3000
2.hdfc equity .....3000
3. hdfc prudance ....3000
4. idfc premier euity .....3000
5.dsp equity ...3000
6. hdfc taxsaver ...3000
7. hdfc long term advantage ..2000

go for growth option..
i m in favour of hdfc fund house as they r more consistant...
plan for ur goals in advance..life goals...:clap::clap::clap::clap:

 

[somnathgupta]

Hi All,

Thanks for u r reply.

I have finalized on the following funds:

1. HDFC top 200
2. HDFC Equity
3. HDFC Tax Saver
4. IDFC Premier Equity.

But after analyzing i find that Equity exposure is a littler high, (93%?), any suggestions on the same? Any debt fund that i may invest in?

Thanks,
Somnath.

 

[asterix24]

Hi Somnath,

I am little surprised at the choice of your funds. All are Equity oriented funds and the number 93% (possibly from a tool) is due to the very limited debt exposure of these funds. In essence, you have 100% equity allocation.

It would help if you state your objectives, horizon etc for members to suggest alternatives. Though each of your fund is fantastic in their own right, I am very surprised by selection and request for addition of debt fund. Why not consider a Balanced fund?

Happy Investing !!

 

[Subhadip]

Hi All,

Thanks for u r reply.

I have finalized on the following funds:

1. HDFC top 200
2. HDFC Equity
3. HDFC Tax Saver
4. IDFC Premier Equity.

But after analyzing i find that Equity exposure is a littler high, (93%?), any suggestions on the same? Any debt fund that i may invest in?

Thanks,
Somnath.

add HDFC PRUDANCE in it ....as it is balanced fund...
go for SIP....each fund in different date ..
like one in 1, second in 5th,third in 10th, fourth in 15th, fifth in 20th..and so on..
so go for growth option...and please go for atleast 3 to five year..
u ll have a vaery good amout in ur kitty..and for our country concern..u can have around 20 % return per year at the end of 5 yr..
let hope for the best and please stick to the discipline..:clapping::clap::thumb:

 

[asterix24]

Hi Dr.Subhadip,

Let me give you a disclaimer. I don't intend to comment on other's comments, but I was too inquisitive to let this opportunity pass. Hence, please treat this question as query from a student of investment.

Your advice and portfolio chosen by Somnath is fundamentally good. I have personal investments in one or more of those funds directly or indirectly. However, your advice of adding HDFC prudence is a bit of mystery. Almost 80% of Somnath's investment is into one AMC which is pretty scary.

Could you explain why didn't suggest another fund or suggest remodifications if HDFC prudence introduction was essential?

Happy Investing !!