Request to review SIP portfolio for 1st time investor

[ganesh007.india]

Hi,

Wish all members here a VERY HAPPY, HEALTHY and PROPSPEROUS New Year !!!
Requesting all senior members on this forum to please review and comment on below mentioned SIP portfolio for 1st time investor.

1] L cap - DSP BR Top 100 Equity Growth - Rs. 1000
2] L & M cap - Birla Sunlife Frontline Equity Plan A - Rs. 1000
3] L & M cap - HDFC Top 200 - Rs. 2000
4] Multi cap - HDFC Equity Fund - Growth - Rs. 2000
5] Hybrid Equity - HDFC Prudence - Rs. 2000
6] Equity Tax Planning - HDFC TaxSaver Growth - Rs. 1000
7] Equity Banking - Reliance Banking Fund - Growth - Rs. 2000

Thanks in advance.
Ganesh S.

 

[comm4300]

7 funds : overdiversification.

trim them after reviewing their ratings and past performance in valueresearchonline.com

you need to have financial plan first, then comes the instruments [mf, fd, ppf] and methods [sip, swp etc]...

have goals - retirement, child's education, home, car etc,

align funds to your goal by starting SIP.

happy new year...

 

[yodlee99]

Welcome to MF investments.
1] L cap - DSP BR Top 100 Equity Growth - Rs. 1000 - GOOD FUND.
2] L & M cap - Birla Sunlife Frontline Equity Plan A - Rs. 1000 - GOOD FUND.
3] L & M cap - HDFC Top 200 - Rs. 2000- GOOD FUND.
4] Multi cap - HDFC Equity Fund - Growth - Rs. 2000- GOOD FUND.
5] Hybrid Equity - HDFC Prudence - Rs. 2000- GOOD FUND.
6] Equity Tax Planning - HDFC TaxSaver Growth - Rs. 1000- GOOD FUND.
7] Equity Banking - Reliance Banking Fund - Growth - Rs. 2000 - GOOD FUND, but not needed. All your other funds are diversified with investments in bank stocks.

All your funds aer good. As mentioned above, you just need 4-5 funds for 11k per month in SIP. If you are taking 1) above, skip 3). As there are too many HDFC funds, replace 4) with Reliance Reg savings fund and you can go with Fidelity Tax advantge in 6). Skip all sectoral funds like 7).

 

[asterix24]

Just to add on to Yodlee's post, I had another suggestion. Thematic/Sectoral funds are risky and should be treaded with caution. As Yodlee has rightly pointed out, all your other funds have significant exposure to Banks.

If you are saving in Tax Saver fund for Sec 80c purposes, you can consider eliminating (7) above and increase your SIP into ELSS, thereby increasing your benefit too.

Happy Investing !!!

 

[xxdiesel]

Hi,

Wish all members here a VERY HAPPY, HEALTHY and PROPSPEROUS New Year !!!
Requesting all senior members on this forum to please review and comment on below mentioned SIP portfolio for 1st time investor.

1] L cap - DSP BR Top 100 Equity Growth - Rs. 1000
2] L & M cap - Birla Sunlife Frontline Equity Plan A - Rs. 1000
3] L & M cap - HDFC Top 200 - Rs. 2000
4] Multi cap - HDFC Equity Fund - Growth - Rs. 2000
5] Hybrid Equity - HDFC Prudence - Rs. 2000
6] Equity Tax Planning - HDFC TaxSaver Growth - Rs. 1000
7] Equity Banking - Reliance Banking Fund - Growth - Rs. 2000

Thanks in advance.
Ganesh S.

Here's what I would do:

1] L cap - DSP BR Top 100 Equity Growth - Rs. 4000
2] L & M cap - Birla Sunlife Frontline Equity Plan A - Rs. 2000
3] L & M cap - HDFC Top 200 - Rs. 4000
4] Multi cap - HDFC Equity Fund - Growth - Rs. 0
5] Hybrid Equity - HDFC Prudence - Rs. 0
6] Equity Tax Planning - Fidelity Tax Advantage - Rs. 1000
7] Equity Banking - Reliance Banking Fund - Growth - Rs. 0