8 replies on this article “Mutual Fund Pick”

1. kishorenath says:

   April 15, 2011 at 9:50 pm

   Thanks Santosh. I will go with ur suggestions.

   Regards,
   Kishore

   Reply
   1. moneysights.com says:

      April 16, 2011 at 11:01 am

      sure Kishore 🙂
      —
      Santosh

      Reply
2. kishorenath says:

   April 14, 2011 at 6:54 pm

   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

   Reply
   1. moneysights.com says:

      April 15, 2011 at 4:10 pm

      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

      Reply
3. Manish Chauhan says:

   April 14, 2011 at 2:01 pm

   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

   Reply
4. Ramesh says:

   April 14, 2011 at 12:40 pm

   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.

   Reply
5. kishorenath says:

   April 14, 2011 at 9:41 am

   Just through internet

   Reply
6. Jagadees says:

   April 14, 2011 at 9:39 am

   @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

   Reply

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