Mutual Fund Pick

POSTED BY kishorenath ON April 14, 2011 9:31 am COMMENTS (8)

 

Hello Everyone,

I am 25 and planning to start investing in mutual fund. Will start with 12000 rs per month and incease gradually.

I am planning to go for 2 funds in Equity Diversified and one in Banking and also one in technology. So 3000 RS in each fund.

Here is my pick for Equity Diversified ( 2 out of 5)

Birla Sun Life Commodity Equities – Global Precious Metals Plan -RP (G) 

ICICI Pru Focused Bluechip Equity Fund (G) 

HDFC Long Term Equity Fund (G) 

DSP BlackRock Micro Cap Fund – Regular Plan (G) 

Religare Mid N SmallCap (G)

Here is my pick for banking(1 out of 2)

Sundaram Fin-Serv. Opp.-RP (G) 

Reliance banking

Pick for tech (1 out of 1)

ICICI Pru Tech. Fund (G)

I am confused to choose 2 funds out of that 5 in eq diver, as i dont have much knowledge in that .Can you guys help me in that.
Time period: more than 10 years.
THANKS IN ADVANCE

 



 

8 replies on this article “Mutual Fund Pick”

  1. kishorenath says:

    Thanks Santosh. I will go with ur suggestions.

    Regards,
    Kishore

    1. moneysights.com says:

      sure Kishore 🙂

      Santosh

  2. kishorenath says:

    Thanks all.

    I do invest in stock but i live outside India which makes me little difficult to follow stock market because of time difference/work/lack of recommendation. So thought of entering Mutual Funds. I can go for aggressive ones no problem in that .

    I dont have any IT stocks in my portfolio thats why I planned to have on Tech fund.

    Here is my Stocks portfolio with company and quantity

    Andhra bank – 950
    dena – 150
    lic-167
    HCC-2009
    Alok-600
    Sintex-120
    ITC-50
    Hndalco/Biocon/Coal india/Rel infra/sun tv — Each 25
    PVP Venture -1000( penny one- just gave a try/luck)bought at 10Rs
    Ashok Leyland -100

    With these the net loss is at 20000rs. This is because of HCC where the price dropped because of Lavasa issue. I can Hold these for years, say 10 years Min.

    Also my dad gave his shares to me. His Shares are Larsen – 100 and ultratech cement -20

    I didnt go for any tax saving fund as it is not good enough for me based on my current situation.

    At one point i will be settling in India so I want to start investing early.

    So ur suggestion in Mutual funds and also in my stock portfolio will be helpful to me.

    I have interest in share market as I lost Money at Early stage (when i was doing my First year studies). I lost around 1Lak in commodity marketing (in copper) From that time I had a mind to invest and convert that Loss to profits 😉 😉

    THANKS

    1. moneysights.com says:

      kishorenath,

      You mentioned you have long-term horizon (10 years!). Then why would you want to choose 2 sector specific funds. i mean, sector specific funds are bought keeping the short-term fads into consideration. Nothing wrong in buying some %age into sector funds but then for long-term, wouldn’t it be better if you just invested in good diversified funds & sit tightly?

      If you think, the above makes sense, we would recommend following 4 funds in equal allocations to make your portfolio –
      1. Birla Sun Life Dividend Yield Plus
      2. HDFC Top 200
      3. ICICI Prudential Discovery Fund
      5. IDFC Premier Equity OR IDFC Small & Midcap Equity

      The above portfolio would ensure appropriate diversification across large, mid & some amount of small cap exposure. And funds have good history of consistent great performance in all market cycles.

      Hope this helps.

      Santosh Navlani | moneysights.com

  3. Kishore nath

    It would be much easier for us to suggest something , if you can explain your situation a bit , your expectations and your risk taking ability .

    Manish

  4. Ramesh says:

    For equity diversified, take any 2 out of
    – Templeton India growth / Templeton India equity income (my favs)
    – quantum long term equity (a little trickier to get to because many online portals do not support it)
    – IDFC premier equity
    – Reliance regular savings fund
    – Fidelity equity
    – HDFC equity
    – BSL Frontline equity

    for banking
    Reliance banking fund (not ETF)

    for Tech fund
    tata life sciences and tech fund (includes tech and pharma).

    but i would not recommend any sector funds for a new investor.

  5. kishorenath says:

    Just through internet

  6. Jagadees says:

    @Kishore

    Can you tell us how did u shortlisted above funds? is it through word of mouth from colleagues or research in net or by any other means?

    regards
    Jagadees

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