POSTED BY March 19, 2014 5:53 pm COMMENTS (7)
ONI have decided to start investing 3000 per month in mutual funds(for long term – more than 10 years).
I have some confusions:
1) should i invest in 1 mutual fund with 3000 monthly SIP or invest in 3 different mutual funds with 1000 each or 2 with 1500 each.
2) which mutual fund(equity – large cap, mid cap, small cap or debt or both) to invest in ?
Please guide me.
Annual Package – 5 lacs
Age – 23 years
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Dear Patrick, the list of Tax saver funds is available in valueresearchonline.
valueresearchonline. com/funds/fundSelector/default.asp?cat=18&exc=fmp&exc=susp&exc=dir&exc=close&exc=notRated&getDataFundSel=Get+Data
Thanks
Ashal
Dear Patrick, direct option means you w’d have to invest directly with the AMC and in this case the expense ratio ‘ll be lower for you thus extra earning for you. Growth option means, no dividend ‘ll be distributed from the profits of the fund and thus the NAV of the fund ‘ll keep on increasing.
Thanks
Ashal
Dear Patrick, ease of operation and tracking. Amount is very small so no need to micro manage in multiple funds.
Thanks
Ashal
Hi Ashalanshu,
I checked for Franklin India Bluechip fund on http://www.valueresearchonline.com/funds/newsnapshot.asp?schemecode=114, but what is “growth option direct plan”
Dear Patrick, please invest 3000 Rs. in one fund like Franklin India Bluechip Growth option direct plan.
Thanks
Ashal
Hi Ashalanshu,
can you please give reason for this.
Hi Ashalanshu,
where i can find that Franklin India Bluechip(or any fund) is a tax saving fund or not ?