Rs. 1000 on SIP. Best choices

POSTED BY Ragavan ON August 24, 2012 3:50 pm COMMENTS (13)

I am new to MFs. I like to start with 1k pm as SIP. I know its not big amt. I wud like to know wat funds in invest with it?

I am starting it with fundsindia

i wud like to increase amt in 2 or 3 months time say 1500 a month r so. how to do then ?

13 replies on this article “Rs. 1000 on SIP. Best choices”

  1. K Balaji says:

    HI Ashal
    In growth option there are various schemens available which one u talk about
    pl let me know your view.

    K Balaji

    1. Dear K Balaji, there is only one scheme in growth option.

      Quantum Long Term Eq. fund growth option.

      Thanks

      Ashal

      1. K Balaji says:

        thanks

        K Balaji

  2. K Balaji says:

    Hi Ashal
    whenever it comes to MF u always suggest quantum for long term.
    i have gone through the website in the below 3 are there in equity in that which one u feel one should invest

    Quantum Long Term Equity Fund – Dividend Option ,
    Quantum Long Term Equity Fund – Reinvestment Option
    Quantum Long Term Equity Fund – Growth Option

    K Balaji

    1. Dear K Balaji, first a disclosure –

      I’m investing my personal money in Quantum Long Term Eq. fund. My paid financial planning services clients are also investing in this fund.

      Now the answer to your query.

      Please invest in Growth option to create a long term wealth.

      Just to update you – till date since it’s inception, the dividend option has not declare any dividend i.e. almost 6.5Y (counting from Mar 2006).

      Thanks

      Ashal

  3. Dear Ragavan, Please invest 5K Rs. in Quantum Liquid fund & then do mly STP of 1K Rs. into Quantum Long Term Eq. fund. Later on as & when you are confident enough, you may increase the STP amount from 1K to 1.5K or 2K. In between you w’d have to invest only in the liquid fund. The liquid fund ‘ll earn you a bit higher return than your SB account.

    Thanks

    Ashal

    1. TheZionView says:

      Ashal

      Is it worth doing the STP from liquid fund considering the overhead of calculating the STCG or am i missing something?

      1. Dear TheZionView, even after calculating & paying STCG on Liquid funds, the net return from liquid funds ‘ll be higher than SB account.

        Thanks

        Ashal

        1. TheZionView says:

          Ashal,
          I am not questioning the returns i am just asking for a small sip like 1000 doing a STP from liquid fund and then calculating the STCG on all 12 withdrawals during the year and filling the return accordingly is it worth for this small amount. I can understand this works well if its a lumpsum amount?

          1. Dear TheZionView, Please read again the primary query of dear Ragavan, initially he is testing the waters with a 1000 Rs. mly amount & later on ‘ll increase the investment. Also small drops make an Ocean, so these small earnings from Liquid funds ‘ll play a big role later in terms of final return generated on the money invested in.

            Thanks

            Ashal

  4. Ramesh says:

    First timer: go with Franklin Blue Chip or Quantum Long term equity.

  5. Karthik says:

    Just choose one fund from below based on your risk choice and AMC choice

    ICICI Pru Focussed Bluechip (Large cap)
    ICICI Pru Discovery Fund (Midcap)
    HDFC Top 200 (Diversified)
    UTI Opportunities Fund (Large cap)
    DSPBR Micro cap fund (Small + midcap)
    HDFC Balanced fund (Balanced)

    1. Karthik says:

      forgot to mention
      IDFC Premier equity A (Midcap)

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today