POSTED BY March 19, 2014 5:53 pm COMMENTS (7)ON
I 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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7 replies on this article “How to Divide SIP amount in mutual funds ?”
Dear Patrick, the list of Tax saver funds is available in valueresearchonline.
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.
Dear Patrick, ease of operation and tracking. Amount is very small so no need to micro manage in multiple funds.
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.
can you please give reason for this.
where i can find that Franklin India Bluechip(or any fund) is a tax saving fund or not ?