Mutual Fund Investment

POSTED BY Parag Shah ON May 12, 2011 11:17 pm ONE COMMENT

Dear Manish,

From last 6 months I am started to invest in MF throuh SIP. I am 29 yrs. old. My investment are as follows 

1) ICICI Pru Tax Plan – 2 K 

2) DSP Black Rock Tax Saver Fund – 3 K

3) UTI Dividend Yield Fund – 2 K

4) Birla Sunlife Frontline Equity Fund -2 K

5) Canara Robeco  Equity Diversified- 2 K

6) ICICI Pru Focused Bluechip Equity Fund – 1 K

7) Fidelity Global Real Assets Fund – 1 K

8) HDFC Top 200- 2 K

9) Reliance Banking Fund- 1 K

Is my portfolio is on right track or I have to some changes in it. and also I want invest in IDFC Premier Equity Fund and ICICI Dynamic via SIP in next 2 months. Is it good choice?Please guide me.

Thanks in advance. 

Dear Ramesh Sir,

Thanks for response following are my details

Both I and my wife are doing a job in Software Company. We both save near about 50 % from our salary. And we wish to invest in all these funds regularly for 15 yrs. through SIP. This is our both investment. I had ULIP of HDFC Crest of 2.5 lakhs for 5 yrs. and my wife had HDFC Pro Growth plan of 9 lakhs for 25 yrs. From last 2 yrs we both invested in ELSS (Reliance and Canara Robeco) funds 35 K and 40 K lump sum amount respectively .Under 80 CCF we invest 20 K in Infra bonds. We both have a comman PPF account in which we invset 40 K p.a. I also invest 1 Lakhs in Canara Robeco FMP. My first goal will have to take a home in next 5 yrs. In next 15 yrs. my child’s higher education and next 22 yrs. child’s marriage.

One reply on this article “Mutual Fund Investment”

  1. Ramesh says:

    @ Parag

    why so many funds? What is the rationale behind each and every fund of yours?

    without complete analysis of your situation including other investments, goals, etc, there is no point in presenting any reasonable answer to your query.

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