Lumpsum investment into mutual funds

POSTED BY dreams.srinath ON November 28, 2011 7:33 pm COMMENTS (2)

Hi Manish,
Firstly thanks a ton for writing this blog..Your are doing a tremendous service by educating ppl abt personal finance. I have been reading your blogs for some time now an got great revelation when i read about your posts on jeevan anand insurance.
After considerable study and thinking,(and courage after your post multiple times) I have surrendered my policy(although it costed me heavily around 70,000 Rs). Now i Have an amount of 1,20,000 which i wanted to specifically invest and see that this outperforms the LIC investment i initially made.. over the long term
Read on one of your blogs about STP(Transfer plan from debt to equity MF). Currently planning to go with HDFC Flex Step for investing this amount. ..
Please guide me on this..any other better investment option for lumpsum ivestment..
Kudos to you once again 🙂
Srinath

2 replies on this article “Lumpsum investment into mutual funds”

  1. Abhishek says:

    Hi

    Choose HDFC Cash Management Treasury Advantage Plan OR HDFC Floating Rate Income Fund Short Term Plan as there the DDT is 14%, Savings plan has 28% DDT.

    Regards
    Abhishek

  2. Dear Srinath, you forgot to post your existing MF holdings, so on the basis of your post that you are going with HDFC AMc, here is my take – Invest those 1.2L Rs. in HDFC Cash management savings plan retail. Start weekly STP of 1K Rs. in HDFC Eq. & another 1K Rs. in HDFC Prudence. Both these funds are long term consistent performer.

    Thanks

    Ashal

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