POSTED BY April 14, 2011 9:31 am COMMENTS (8)ON
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)
Pick for tech (1 out of 1)
ICICI Pru Tech. Fund (G)
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8 replies on this article “Mutual Fund Pick”
Thanks Santosh. I will go with ur suggestions.
sure Kishore 🙂
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
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 😉 😉
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
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 .
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
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.
Just through internet
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?