POSTED BY June 4, 2012 7:34 pm COMMENTS (23)ON
I am Lakshmipathy G. I am new to mutual Funds.
I have read some of your links from jagoinvestor and my other favourite tflguide.com, It gave most insights for financial planning.
The people whom i talked personally could not even give Half information of which you have shared.
It was very helpful.
Now i want to start investing in Mutual Funds. Now I need your suggestions to make it a reality.
1) Goal 1:
Investment Objective : Retire in 10 years.(Achieve Freedom from working for money).
SIP Amount : 20,000 Rs per month.
Risk Appetite: 30-40% loss should be fine.
(20,000 * 12 * 10 = 24 Lakhs -Total Investment. Expecting in case of loss atleast 15 Lakhs after 10years).
Age :31 Years
Marriage: Planning to get married this year.
Dependants: Parents Depend upon me.
Profession : Software Engineer by profession, Musician by hobby(hoping to convert into a profession after 10 years).
Monthly Expenses: 30,000 per month on a average.
Expecting Returns : 12- 15%
Expecting Amount :(50 -60 Lakhs)
Tax Savers: Not planning (Is this correct?)
Gold Funds : Less idea So not planning (Is this correct?)
Index Funds : Less idea So not planning (Is this correct?)
Equity with Growth/Dividend Option : Planning for Growth Option(As i heard Dividend calculation will be little complex)
Plans : 70% Equity and 30% Debt.
Large Cap Fund : 15% (3000 Rs)
Large & Mid Cap Funds :15% (3000 Rs)
Multi Cap Fund : 20% (4000 Rs)
Mid Cap Fund : 20% (4000 Rs)
Debt : 30% (Considering Balanced Fund as a Debt Fund)
Balanced Fund : 30% (6000 Rs)
To kick start my self, i thought of doing something in HDFC.
I saw four funds like
HDFC Equity .(CAGR 23.54%)
HDFC Balanced.(CAGR 17.45%)
HDFC Top 200.(CAGR 23.58%)
HDFC Prudence.(CAGR 21.79%)
As i have read from your articles, selecting a same fund house for multiple funds is not advisable.
I am not sure whether to go for a Equity Or Balanced(HDFC Balanced or HDFC prudence)?
If Equity then HDFC(HDFC Equity or HDFC 200) – Large Cap Fund?
If Balanced then (HDFC Balanced or HDFC prudence) – Balanced Fund?
For Large Cap Fund, I am thinking of ICICI Prudential Focused Bluechip Equity OR DSP BlackRock Top 100 Please Advice?
For Large & Mid Cap Funds, I am thinking of UTI Opportunities or HDFC Top 200?
For Multi Cap Funds, I am thinking of HDFC Equity Or Reliance Equity Opportunities Fund – Retail Plan -Growth?
For Mid Cap Funds,I am thinking of IDFC Premier Equity Plan A Or Birla Sun Life MNC Fund (G)?
For Balanced Funds HDFC Balanced or HDFC prudence – Balanced Fund?
Need your help on this?
2) Goal 2:
Investment Objective : Child Marriage or Child Education after 20 Years.
SIP Amount : 3,000 per month.
Risk Appetite: 0% loss
Expecting Returns : 8.6%
Expecting Amount :20 Lakhs
Plan : PPF for 20 Years.
So not considering PPF For the first Goal.
Please help to make my dream reality.