Left with small amount, how to Invest in Mutual funds ?

POSTED BY Gopinath ON July 15, 2014 11:34 am COMMENTS (4)

Hi Sir,

Please note that I am planning to start investments in Mutual funds and currently, I am  investing in PPF (only in the month of April to utilize the interest effectively) and RD (for short-term plan).

My Take home salary is Rs.35000.  After deducting my house expenses + other expenses, PPF and RD, am left with Rs. 6000/month.

So, could you kindly suggest me how i can go about investing this amount in MF? Please note that i am going through some articles regarding mutual funds and i have only little knowledge about it currently.

Kindly,Let me know your thoughts on this, as this inputs from you will be of great help for my planning.

Thanks and Regards,

Gopinath.

4 replies on this article “Left with small amount, how to Invest in Mutual funds ?”

  1. ashalanshu says:
    July 31, 2014 at 12:39 pm

    Dear Gopinath, please do read the below discussion first, if not read already by you.

    www. jagoinvestor. com/forum/finacial-planning-faqs

    Thanks

    Ashal

    Reply
  2. Gopinath says:
    July 25, 2014 at 1:11 pm

    Hi sumit,

    Thanks for your inputs. I am just looking for long term investment but initially to start off, am planning to do with the small amount that i have 🙂

    So, I am thinking to do it in 1 large or large-mid cap fund (say Rs. 2000 -3000) as suggested above.

    Kindly let me know your thoughts on this.

    Reply
  3. Sumit says:
    July 15, 2014 at 5:36 pm

    For tax saving (80C limit increased to 150000), I would go for:

    Axis Long term Equity Fund.

    Reply
  4. Sumit says:
    July 15, 2014 at 5:35 pm

    Depends upon your goal, how long you can stay invested, you much risk you you are willing to take.

    Generally I would say 2000 each in below 3 funds:

    1 large or large-mid cap fund:
    Quantum Long term Equity fund/ICICI Pru focussed bluechip/ Axis Equity

    1 small-mid cap fund
    IDFC Premier Equity/ HDFC Mid cap/Axis Mid cap

    1 balanced
    SBI balanced/ICICI Equity balanced

    Thanks
    Sumit

    Reply

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