POSTED BY September 15, 2013 9:24 pm COMMENTS (9)
ONDear Ashal,
Please note that I am planning to start investments in Mutual funds and currently am investing in PPF(only in the month of April to utilize the interest effectively) and RD (for short-term plan).
My Take home salary is Rs.35000. After deducting my house expenses + other expenses, PPF and RD, am left with Rs. 7000/month.
So, could you kindly suggest me how i can go about investing this amount in MF? Please note that i am going through some articles regarding mutual funds and i have only little knowledge about it currently.
Whether i can divide this amount and put 50% in Liquid funds and 50% in Equity funds?
Kindly,Let me know your thoughts on this, as this inputs from you will be of great help for my planning.
Thanks and Regards,
Gopinath.
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Dear Gopinath, out of the 5, please select only 1 fund and invest in that. this ‘ll keep the things simple and in case after 3-4-5 years, you find that fund is not performing well, you can decide easily, where to switch.
Thanks
Ashal
Hi,
This 5 funds (Large-Cap) are ranked topped in long term perfomance funds.
So, kindly suggest whether i can go ahead by investing in any of this funds.
I believe “Expense Ratio” is a crucial factor that has to be considered.
Also, could you kindly advise me on the other factors that i need to consider before taking a decision on this.
HDFC Top 200
ICICI Prudential Top 100 Inst I
DSPBR Top 100 Equity
SBI Magnum Equity
Franklin India Bluechip
Regards,
Gopinath.
Hi Ashal,
Thanks for the inputs.
Regards,
Gopinath.
Dear Gopinath, if the money is meant for PPF, please do not put it at risk in an Eq. fund. Please put all the money in a liquid fund. Regarding plain SIP in Eq. funds, please start investing directly with AMCs.
Thanks
Ashal
Dear Ashal,
Could you provide your inputs on this.
Regards,
Gopinath.
Could you kindly let me know the next steps that i need to take to start investing in MF? Also, i am planning to do MF in SIP basis for long term planning and its not for short term gains(ie.1 year/6 months)
Regards,
Gopinath.
Dear Ashal,
Thanks for the update. Yes, I have already made emerging funding of Rs.72,000 (my 6 months expenses approximately Rs.12,000/month) and have deposited in savings a/c.
Regards,
Gopinath.
Dear Gopinath, please do note, before jumping into Eq. please make sure you have sufficient emergency funding.
Thanks
Ashal
Could you kindly provide your inputs on the above query?
Regards,
Gopinath.