Fund to invest

[sdhaya]

Dear all,

I am planning to invest 1 lakh in MF. Could somebody guide me to the exact fund to invest in. I can lock in the fund for 3 years. I have already purchase the following funds..

BIRLA INFRASTRUCTURE FUND - DIVIDEND 25,000.00
BIRLA TOP 100 FUND - DIVIDEND 50,000.00
FRANKLIN INDIA PRIMA PLUS - GROWTH 5,000.00
HDFC EQUITY FUND - GROWTH PLAN 20,000.05
HDFC TOP 200 FUND - DIVIDEND PLAN 20,000.00
INDIA OPPORTUNITIES FUND - GROWTH 20,000.00
PRUDENTIAL EMERGING STAR - GROWTH 20,000.00
PRUDENTIAL ICICI DISCOVERY FUND -DIVIDEND 20,000.01
SBI BLUECHIP FUND - DIVIDEND 84,000.00
SBI BLUECHIP FUND - GROWTH 100,000.00
TATA EQUITY OPPORTUNITIES FUND - APPRECIATION 22,500.02
RELIANCE EQUITY FUND 100,000.00

Please advice what fund I should invest in.

Thanks and awaiting your comments with much interest.

Dhaya..

[vijbala]

You can pick up the ongoing NFOs :
Templeton India Equity Income fund
Fidelity India special situation

[gaurav12181]

I have a saving of 5000p.m that i want to invest in elss scheme for tax saving benefit.Should i go for sip route or lumpsum investment and should i wait for some N.F.O elss or invest in current elss schmens that are performing good but caerry higher proportion of risk as compared to N.F.O

[sarathc]

The perception that NFOs are less riskier than existing funds is actually wrong.

It's always advisable to stay away from NFOs. Nobody knows how they are going to perform in a bearish market (as there's no track record).

Choose an existing fund with a decent track record over a long horizon (preferably one that has seen protracted bull and bear cycles of the market and fared well through its life) and commit yourselves to it through SIP. That said, if your objective is to save tax, you can choose from the five/four star rated ELSS funds as can be seen from Value Research Online:

http://www.valueresearchonline.com/f...1&objective=20

As at the time of this writing, the star rated funds are:

1. HDFC Long Term Advantage (Five Star)
2. HDFC Tax Saver (Five Star)
3. Sundaram Tax Saver (Four Star)
4. Birla Equity Plan (Four Star)
5. Prudential ICICI Tax Plan (Four Star)
6. Magnum Tax Gain (Four Star)

[pravise]

Can anybody comment about investment in FIdelity Special sItuation fund ? The offer closes today....so it would be helpful if i get some info.

Thanks
pravise

[pravise]

Also can somebody explain what are gilt funds?

regards,
pravise

[angsu]

I am looking for investment into some Tax Saving Funds (ELSS). I am agree to take risk for the cost of high return. Can You suggest me some Mutual Fund of this type.

[sarathc]

Originally Posted by angsu

I am looking for investment into some Tax Saving Funds (ELSS). I am agree to take risk for the cost of high return. Can You suggest me some Mutual Fund of this type.

1. HDFC Tax Saver
2. HDFC Long Term Advantage Fund
3. Franklin India Tax Shield
4. Birla Equity Plan
5. Magnum Taxgain
6. Sundaram Tax Saver
7. Prudential ICICI Tax Plan

have been the better performing funds for quite sometime in ELSS category (nothing different from a reply given to a similar question in this thread itself previously!).

[angsu]

Can anyone suggest me, whether I should invest in diversified equity fund or into some sectorial equity fund. If sectorial, then which one should be the best for this financial year.

[arunuj]

Equity Diversified Yield has been consistently improving. Stick to it.
But ofcourse the risk level is also high. Would be better if you could invest 20% in health (pharma) sector. (Reliance pharma is a good pick)