POSTED BY January 1, 2013 12:42 pm COMMENTS (3)
ONAfter a lot of analysis,I have selected the following MF .
I can invest upto 1 Lac for long term since i have this fund lying idle in my savings a/c.
Need you help on selecting the best MF out of these(or any other recommended funds) that i shud invest in and how should i distribute the 1 lac among these funds.
Equity – Diversified Funds
Reliance Equity Opportunities-G
Birla SL Frontline Equity -A (G)
ICICI Pru Dynamic Plan (G)
Large Caps
ICICI Prudential Focused Bluechip Equity Fund (G)
Franklin India Bluechip (G)
Value Funds
ICICI Pru Discovery Fund (G)
Sector Funds – Banking
Reliance Banking Fund (G)
Awaiting reply and help .
Thanks
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All,
Any suggestions on the choice of funds from the above list?
Thanks Anshuk for quick response
1. Yes, i am just in the process of selecting funds and hence have listed the choice that i have made so far..
2. Sure..i was hearing that Pvt banking stocks would do well in 2013 and hence chose that banking fund
3.Yes,my intention is also to divide the 1 lac among the listed ones..i need to finalize the list of MF which i am currently doing and need help.
Any recommendation on the liquid/ultra short term funds that you have..How is Reliance Floating Rate Fund – Short Term – Dividend based..or any other recommendation that you have?
4. Direct Plans …Not sure of these
5. will check HDFC top 200
So how long shud i wait to enter as you said there would be market correction?
1. I don’t think you should have more than 3-4 funds in your portfolio
2. Don’t go for sectoral funds (in your case banking). If you have confidence in the sector, buy stocks.
3. Don’t go for lumpsum investment. I would say divide the above and future investments in next 6 months. Also I believe the market is up and would correct in near future. You can keep the money in a liquid/ultra short term fund by that time. You will earn 8-9%
4. You can wait for the direct plans to come
5. Why didn’t you try HDFC top 200 or Quantum Long term equity (very low expenses)