Mutual Funds

POSTED BY Dr M.Chandrashekhar ON June 20, 2012 11:53 am COMMENTS (4)

All Financial Advisers recommend HDFC Top 200 . It has recently been downgraded to 4 Stars by Value Research. Moreover, Net Assets are over 10,500 crores. Same is with HDFC Prudence.

Both these Funds are being managed by Prashant Jain– well regarded in MF circles.

What if he quits & goes out of HDFC MF ?

Is it OK to start SIP for long term even now in these Funds ?

4 replies on this article “Mutual Funds”

  1. Dr M.Chandrashekhar says:
    June 21, 2012 at 7:33 am

    Point taken , Ashal. However, even to a first timer youngster to MF who wants a long term stay, HDFC Top 200 is routinely being recommended. If the market falls in two years, that youngster will never again invest in MFs.

    I would prefer a good performing Balanced Fund for the raw first timer & in the next 2 years , he should enter Equity MFs.

    Reply
    1. Ramesh says:
      June 21, 2012 at 8:05 am

      If the youngster does not understand how equities work, even after 2 strong years, the third year may prove to be the sucker punch!

      Reply
  2. BanyanFA says:
    June 20, 2012 at 11:41 pm

    It does make sense – it is one of the best available large cap options. Prashant Jain quiting HDFC MF ?? HDFC MF runs on his brand name and practically he runs it !

    Reply
  3. Ashal Jauhari says:
    June 20, 2012 at 11:35 pm

    Dear Dr. MCS, how about starting a SIP of 2Y in these funds & make a review after 20-22 months?

    Thanks

    Ashal

    Reply

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