Guidance regarding funds supermarkt.co.in & more SIP investment

POSTED BY avi ON October 21, 2010 7:45 pm COMMENTS (12)

Hi,

I have started investing in MF since last one year(After suffering a lot of losses in options & stocks) , i must admit i took help of an Advisor who with some fees helped me pick a few funds. Namely HDFC Top 200 growth(SIP RS 2000) till date 22% returns,Reliance growth MF(SIP RS 1000),till date 18% returns and SBI MSFU dividend(SIP Rs 2000), just 1.41% returns.

Now i want to invest more Rs 10000 through SIP.What a friend of mine suggested is

Increase HDFC Top 200 to 5000 , get DSP Black rock top 100 SIP for Rs 3500 and some Reliance Index fund (?) Rs 3500, please advice! All help is invited.

While reading on Jagoinvestor, i read about Fundsindia.com & fundsupermarket.co.in , how safe is it to invest through these guys? Please advice.

 

Thanks,

Avinash

12 replies on this article “Guidance regarding funds supermarkt.co.in & more SIP investment”

  1. bharat shah says:

    regarding fundsupermart v/s mutualfundindia, one difference is that mutualfundindia would work also for direct equity, new nps, company fd in addition to mf, whereas fundsupermart only for mutual funds. still i am not using anyone. this is only from the sites

    1. Avinash Borse says:

      @bharat shah ……thanks for the reply, will still check on that.

  2. You didn’t mention the scheme name of SBI MF. Magnum Sector Funds Umbrella (MSFU) contains many schemes.

    And why have you taken Dividend option? Any specific reason for that?

    You can add following schemes also.

    Reliance Regular Savings Fund – Equity
    DSP BlackRock Small & Mid Cap
    IDFC Premier Equity Fund

    Do not go for Index Fund. Equity diversified Funds generally outperform Sensex & Nifty in long term.

    Hope it will help you.
    Investmentkit.com

    1. Avinash Borse says:

      @MoneySavingsHelp….Thanks it does help!……i have Magnum Sector Funds Umbrella – Contra Fund – Dividend, it was my first fund about a year back , took it due to a friends recommendation.No particular reason, what do you say? should i discontinue it?

      Please suggest the amount for each fund for SIP if i have Rs 12000 per month to invest.

      1. SBi Magnum Contra Fund is a good fund. It invests in contranian companies, i.e. whose share price is less than valuation price. So, at times, you’ll see the fund is not performing well, and then suddenly, it will rise to justify itself. You can continue with it.

        Just take the growth option. If you’ve taken dividend payout, you’ll end up with your principal amount even after 10 years. And if you’ve taken dividend re-investment, why to adjust your NAV with dividend distribution tax.

        You can make your portfolio like:

        HDFC Top 200 growth (SIP RS 2000)
        Reliance growth MF (SIP RS 1500)
        SBI MSFU dividend (SIP Rs 1000)
        DSP Black rock Mid & Small Cap – Rs.2500
        Reliance Regular Savings Fund – Rs.3000
        ICICI Prudential Discovery Fund – Rs.2000

        Hope it will help you.
        InvestmentKit.com

        1. Avinash Borse says:

          How do i convert from Dividend payout to Growth option for Magnum Sector Funds Umbrella – Contra Fund – Dividend

          1. Just fill up the required form or write an application for the same & submit to your nearest CAMS or SBIMF office.

            Hope it will help you.
            InvestmentKit.com

          2. Dominic Prakash says:

            Just key info to note.

            When you are changing from Dividend to Growth option make sure that you stop the SIP if it is already running. Otherwise the SIP part will keep on going on the Divident fund with the same folio name.

        2. Avinash Borse says:

          Reliance Regular Savings Fund, is available in equity,debt&balanced, which one r u recommending

          1. I recommend Reliance Regular Savings Fund – Equity fund for you.

            Hope it will help you.
            InvestmentKit.com

  3. Harish Handa says:

    Hi Avinash,

    I’m using fundsindia.com from last 1 year and found it very user friendly. Their customer care is very effective and fast. The look and feel of the site very simple and easy to use.

    Just one thing to note here that currently FundsIndia.com doesn’t support DSP Blackrock funds…but soon it will be included in their list.

    Regards
    Harish

    1. Avinash Borse says:

      @Harish …..Thanks for the feedback on fundsindia, will look into it……..there’s one more site nameply fundsupermarket.co.in.WHat do you think about that.Also they have DSP Blackrock fund in there.

      @MoneySavingsHelp….Thanks it does help!……i have Magnum Sector Funds Umbrella – Contra Fund – Dividend, it was my first fund about a year back , took it due to a friends recommendation.No particular reason, what do you say? should i discontinue it?

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