Advice on Investments in Mutual Funds

[pmp123]

I have following investments in Mutual Funds as under:

Date of entry Fund Amount Invested Entry NAV

8Sep10 HDFC Top 200-G Rs.2,81,168/- Rs.212.50

30 Dec 10 ICICI Pru DynamicPlan-G Rs.7,00,000/- Rs.50.22

8 Sep10 ICICI Pru Discovery Rs.2,13,900/- Rs.21.63

26Oct10 Reliance MIP-G Fund Rs.15,00,000/- Rs.110.51

27Sep10 Kotak - 50 Rs.5,00,000/- Rs.110.51

8 Aug10 Sundaram BNP Paribas Rs.1,66,266/- Rs.34.46
SMILE Fund-G
I would request for friends to go through my investments & advice for any better possibilities.

PMP123

Fund-G

 

[milind]

Most of your funds are good. But you seem to have gone against one fundamental advice on this forum that lumpsum investments are no-no, SIP is the way to go. This protects you from buying at a market top.

 

[yodlee99]

Try to invest in small amounts spread over a period of time. SIP makes you a disciplined investor. Among your funds, Kotak-50 and Sundaram SMILE funds are not among the best. In order to reduce capital gains tax, you can redeem after 1 year and invest in DSPBR Equity and IDFC Premier equity fund, both in growth modes.