Mutual Funds Suggestion

POSTED BY Madhava ram ON May 21, 2012 10:17 pm COMMENTS (10)

Hi,

I am going to start SIP in these below mutual funds for next 10 years starting from the month of June. The mutual funds are:
IDFC Premier Equity Fund – Plan A – Growth :::::: 4000 monthly
HDFC Balanced Fund – Growth :::::: 4000 monthly
ICICI Prudential Focused Bluechip Equity Fund – Growth :::::: 2000 monthly.

And also I am planning to sell these funds which I had, and please give your suggestions where to invest the money on
1) Principal Tax Saving Fund started on 04/09/2007 as SIP for one year monthly 1000 and stopped in august 2008. The present value is 8,428
2) SBI Magnum Tax Gain Scheme 1993 – Dividend. started on 04/09/2007 as SIP for one year monthly 1000 and stopped in august 2008. The present value is 7,535.

Please let me know if I need to post any more details.

Thanks
Madhava ram

10 replies on this article “Mutual Funds Suggestion”

  1. Madhava ram says:

    Sachin,

    I was, initially when I bought those I do not know anything about Mutual Funds. Just to save tax I bought them.

    Madhava

  2. Sachin says:

    Madhava ,
    You seems to be big fan of Tax saver funds 🙂
    Sachin

  3. Madhava ram says:

    So, My Mutual Fund Portfolio looks like this:
    Reliance Tax Saver Fund – Dividend :::::::::: 5000
    IDFC Premier Equity Fund – Plan A – Growth :::::: 2000 monthly
    HDFC Balanced Fund – Growth :::::: 4000 monthly
    ICICI Prudential Focused Bluechip Equity Fund – Growth :::::: 4000 monthly.
    After selling the Principal Tax Saving Fund and SBI Magnum Tax Gain Scheme 1993 – Dividend will invest in ICICI Prudential Focused Bluechip Equity Fund – Growth as lumpsum.

    and also invest around 60k yearly in PPF.

    Ashal could you please confirm if my mutual fund portfolio is balanced now?

    Thanks,
    Madhava ram

    1. DEAR Madhava, Please go ahead & start investing.

      Thanks

      Ashal

  4. Madhava ram says:

    Thanks for your valuable suggestion. Could you please throw some light in this as well.

    And also I am planning to sell these funds which I had, and please give your suggestions where to invest the money on
    1) Principal Tax Saving Fund started on 04/09/2007 as SIP for one year monthly 1000 and stopped in august 2008. The present value is 8,428
    2) SBI Magnum Tax Gain Scheme 1993 – Dividend. started on 04/09/2007 as SIP for one year monthly 1000 and stopped in august 2008. The present value is 7,535.

    Thanks,
    Madhava ram

    1. Dear Madhava ram, Invest the redemption amount in the remaining active funds.

      Thanks

      Ashal

  5. Madhava ram says:

    In these funds I actually started SIP with this below amount and would like to double it up if these mutual funds are good in the market, else I can start the SIP for any given Funds.
    IDFC Premier Equity Fund – Plan A – Growth :::::: 2000 monthly
    HDFC Balanced Fund – Growth :::::: 2000 monthly
    ICICI Prudential Focused Bluechip Equity Fund – Growth :::::: 1000 monthly.

    Thanks,
    madhava ram

    1. Dear Madhava, just reverse the SIP amount into IDFC & IPru focussed. I mean invest more SIP amount in IPru Focussed Bluechip & less in IDFC Prem. Eq. To give solidity to your portfolio from the large caps of IPru FB.

      Thanks

      Ashal

  6. Madhava ram says:

    I invested 5000 in this fund Reliance Tax Saver Fund – Dividend on 21/09/2005. Which is now 6,414. Apart of this I am going to open a PPF account to save atleast 60k per year.

    Thanks
    Madhava ram

  7. Dear Madhava, are the proposed funds ‘ll be your only investments or do you have some others also? Please update.

    Thanks

    Ashal

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