A new entrant's mutual fund portfolio: Advice needed

[mannusingh]

Hi all,
I have just entered the world of mutual funds at the age of 32. My savings so far are as follows:
I have a PF account where I invest about 3.5K per month, a PPF account where I put 70k annually and a money back LIC policy for about 25k for 20 years. My health cover is taken care by my company policy.

I work in the IT field and I have a medium risk appetite and have so have started a SIP of Rs 2000 each in the following mutual funds for the next 5 years


Birla Sunlife frontline Equity plan A (dividend reinvestment)
DSP BR Equity Fund Regular plan (growth)
HDFC top 200 (growth)


My plan is to see how these perform over a period of time and then increase or decrease allocation for a longer period. I eventually plan to go upto 10k per month in SIPs, so please recommend additional mutual funds which will suit my portfolio in the long run.

I had already started my SIP last month before I discovered this wonderful site. So I need advice and recommendations about my choices of mutual funds and any additions or deletions if needed.

 

[asterix24]

Dear Mannu Singh,

Welcome to the investment fraternity. Your initial portfolio is very good!!.. If you wish to add a couple of funds more (Rs. 2000 p.m. each to complete 10k), then I would recommend

1) IDFC Premier Equity Fund (Small and Mid cap)
2) Franklin India Bluechip Fun (Large Cap)

Happy Investing !!

 

[mannusingh]

Dear Mannu Singh,

Welcome to the investment fraternity. Your initial portfolio is very good!!.. If you wish to add a couple of funds more (Rs. 2000 p.m. each to complete 10k), then I would recommend

1) IDFC Premier Equity Fund (Small and Mid cap)
2) Franklin India Bluechip Fun (Large Cap)

Happy Investing !!

Thanks Asterix24, for your feedback and advice. BTW I have another thread running simultaneously where I have asked for ideas to reinvest FD returns for my father who is new to mutual funds and other equity devices. I would really love to hear about your thoughts on this.

Thanks and Regards,

 

[sumitgupta225]

I have a similar query. I am a novice too. I need to choose between UTI Dividend yield and Franklin Templeton Bluechip fund. Both are large cap, though FT is a huge fund. Which one should i keep in my portfolio?

 

[asterix24]

I have a similar query. I am a novice too. I need to choose between UTI Dividend yield and Franklin Templeton Bluechip fund. Both are large cap, though FT is a huge fund. Which one should i keep in my portfolio?

Both are excellent funds and have a fantastic record. FT has been around for a long time and has been a consistent performer. If possible invest in both of them. If you are hard-pressed for only one, then consider FT has it has a longer track record.

Happy Investing!!