Mutual funds selection for SIP

POSTED BY Manish awasthi ON February 12, 2013 4:13 pm COMMENTS (3)

Hi
I can invest 30K per month for period of 3 years in SIP left them for 5-6 years to grow.

I have selected 5 funds for SIP and can invest 6K each in these 5 funds.

Large Cap- Franklin Bluechip
Multicap- HDFC equity
Mid Cap service- SBI Emerging Business
         IDFC Premier Equity
Balanced Fund- HDFC Prudence

I Have contigency fund have 4 lakhs in fds/svaing bank a/c . I dont want to break this fund and invest in equity.

Right now,i have 1 lakh In HDFC Tax saver and 1 lakh in PPF But for next 3 year i dont need to do any
tax saving investments.

I have also invested some 1 lakh in equity(small & mid cap stocks). btw i checked my portfolio and SBI emerging business and IDFC premier equity portfolio and found stocks in my equity portfolio is somehwat similar to these funds.

Can someone help me with my selection of funds

Regards
Manish

3 replies on this article “Mutual funds selection for SIP”

  1. Manish awasthi says:

    Hi Ashal/Sharad,

    Objective of this SIP investment is my niece marriage in next 6-8 years.

    Apart from this i would be investing 25-30K monthly in equity too for next 3 years , This objective of this investment would be starting my business in 5 years.

    Regards
    Manish

  2. 3sharad says:

    Hi Manish,

    Your objective at the end of 5-6 years might help in defining the asset allocation across debt/equity schemes.

    Then we can help in specific fund selection.

    Regards,
    Sharad
    http://www.thefundoo.com

  3. Dear Manish, is there any goal for your invest to reach after 8-9 years or you are investing just for sake of it. Please clarify.

    Thanks

    Ashal

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