POSTED BY September 8, 2011 3:38 pm COMMENTS (3)
ONI DO NOT HAVE MUCH KNOWLEDGE ABOUT MARKET AND MFs. I HAVE A TOTAL OF RS. 5000- 7000 TO INVEST PER MONTH IN VARIOUS FUNDS FOR THE NEXT 2-3 YRS. PLZ SUGGEST ME 3-4 GOOD FUNDS INCLUDING ONE GOLD SAVINGS FUND, ONE LARGE CAP AND ONE MID CAP FUND.
MY AGE IS 28 YEARS AND I AM AGOVT EMPLOYEE. MY SALARY IS RS. 50,000 PER MONTH. I AM ALSO PAYIN A HOME LOAN EMI OF RS. 15000 PER MONTH.
THANKS AND REGARDS,
YOGESH PALIWAL
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Dear Yogesh, Out of your 7K Rs. I w’d ask you to use 5K Rs. to increase your home loan EMI & invest remaining 2K Rs. in HDFC Prudence fund.
The reason is simple, After the recent interest rate hikes, your loan term has been increased by your banker & thus your over all interest burden over the term of loan (due to increased term) ‘ll be higher than normal term.
Thanks
Ashal
@yogesh
If you time is just 2-3 years and you need your investment later on ,then invest in MIP or Balanced Fund as the time period of 2-3 years is not for equity Mutual Funds. Consider investing it only if your looking for longer time period like 5+ years.
You can do a sip of Rs. 3,000 each in
Franklin India Bluechip Fund
HDFC Equity Fund
1000 can go to Kotak Gold Fund
All the best !