POSTED BY January 18, 2013 8:14 pm COMMENTS (2)ON
As part of my new year resolution, I decided to start saving. And I am a regular reader of JI blogs and forum for last 2 weeks. Enough reading and want to get in action.
I want to start SIP in MFs. I went throught valueresearchonline.com and found few MFs that I am willing to invest in.
2 large cap funds
ICICI Prudential Focused Bluechip Equity Retail
ICICI Prudential Focused Bluechip Equity Inst I
Both these fund has low risk and return is high. The expense ratio is less compared DSPBR Top 100 and Franklin India Bluechip.
In these ICICI Prudential Focused Bluechip Equity Inst I has better Sharpe Ratio and Alpha.
I think I should go for that MF. I need to decide on a mid and low cap mutual fund too.
Are these the factors that you all use to decide on the MF to invest? Once I start investing, how frequntly, I have to change my portfolio? Whenever the NAV gets down, should I switch to a different MF?
Should I invest only in one large cap MF or should invest in 2 or more?
What to do next? How to really start SIP now? Do I need a demat account for that? Or any normal bank account with internet banking will do? What is fundsindia.com? Should I use that? Are there any similar or better services? I am stuck here.
Please advice me how to start SIP? What are the steps? Is everything online? Or do I need to go to banks/offices to get its started?
Sorry for posting such a newbie question. I didnot find these answer in the forum or blogs. If you guys could point me to any post, that would be really a great help.
Thanks in advance,