POSTED BY June 21, 2012 2:27 pm COMMENTS (3)
ONHi
I’m planning to start monthly SIP 2500 each of 2 funds 1) DSP black rock top 100 ‘large cap fund ‘ and 2) hdfc balanced fund ‘equity oriented hybrid fund ‘ for long term ( more than 5 years )
Suggest me whether it is good start or any changes are required ??
regards
shashank
2021 © Jagoinvestor.com All Right Reserved
Shashank,
Excellent start – well done. As Ashal mentioned, you need to keep your nerves of steel and continue to invest irrespective of any downfall !
Just another minor tweak you could make. Balanced funds are combination of Equity & Debt. You may want to invest only in 100% Equity funds and invest any balance amount into PPF account / PF (incase you are employed). The rationale behind it is – the debt portion in Balanced funds attracts fund management charge of over 1.5%. Debt shouldn’t earn over 8- 10% in long term. After Fund management charge, that further reduces. Why not invest in a guaranteed return tax free PPF ?
Regards
BanyanFA
Dear Shashank, Please keep investing irrespective of market level. That’s the main source of profit to you.
Thanks
Ashal
Very good.
Keep learning and investing.
Ramesh