POSTED BY April 30, 2011 12:23 am COMMENTS (17)ON
I’m 30 years old and this is the first time I’m ever investing in Mutual funds. I plan to do it in SIPs and the investments are for a 10-30 year long term horizon. I can put in about 12,500 each month.
Please let me know if my choice of funds and amount allocated to each is alright.
HDFC Top 200 – 3000
HDFC Equity – 2000
HDFC Prudence – 2000
IDFC Premier Equity A – 2000
DSP Blackrock Small and Midcap – 2000
DSP Blackrock Microcap – 1500
As the markets are high at this moment, would it be wise to wait maybe one or two months before starting to invest? I know it is wrong to time the markets, but just wanted to know if it would be ok to wait like that since it is my first investment. I heard that the first investment amount usually has to be Rs. 5000 or more. So if i could benefit of starting SIPs at a lower NAV wouldnt that be nice?
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