Hi,
Am looking to invest into MFs, a sum of about 75K-1L, with a time horizon of 1year-3year. I have a few MFs shortlisted, which I believe, are good ones:
1. Axis Long term equity Fund
2. Birla SL 95 (G)
3. Canara Robeco Equity TaxSaver Fund
4. UTI MNC Fund
5. UTI Dividend yield Fund (G)
6. SBI Magnum Global Fund
Which amongst these do you suggest are worth investing? If there are any others worth investing, please suggest. Would you suggest SIP mode of investment or lump-sum, considering that equities are in bad shape and outlook is upwards for next 18months or so.
I already hold:
1. Axis Hybrid (3year lock-in, started in Sept 2011)
2. SBI Magnum TaxGain (lock-in of 3yrs over!)
3. Birla SL Tax Relief 96 (lock-in of 3yrs over but dont want to sell since am in loss!)
4. HDFC Top 200 (SIP currently on for last 6months)
5. HDFC Prudence (SIP currently on for last 6months)
6. HDFC MidCap Opportunities (SIP currently on for last 6months)
7. Reliance Diversified Power Sector
8. Reliance Equity Opportunities
9. Sundaram Select Mid-cap
I listed my existing holdings just so that if someone wants to suggest, they would know where their and my opinions overlap.
Thanks,
-Deepak Chachra
(+91-9823848422)