Should I open account with FundsIndia or add more money in my existing funds ?

POSTED BY Jay ON March 2, 2014 5:52 pm COMMENTS (14)

I have SIP 6000PM in the following MF, I am planning to invest additional 10000 PM

I just heard about Fundsindia. Which is the best option ?

Open a/c with fundsindia and invest as per their advice or start additional  SIP on my already existing fund.

My existing funds-

EQUITY / SBI Emerging Businesses Fund – Regular Plan – Growth
EQUITY / SBI Blue Chip Fund – Regular Plan – Growth
HDFC Top 200 Fund (G)
HDFC MidCap Opportunities (G)
HDFC Equity Fund (G)

 

14 replies on this article “Should I open account with FundsIndia or add more money in my existing funds ?”

  1. ashalanshu says:

    Dear Jay, why do you want to invest in 10-15 funds? If 2-3 fund can not do it for you, 10-15 can’t do it either. Please put your 10000 Rs. either in your existing funds or the one I suggested above.

    Thanks

    Ashal

  2. Jay says:

    Dear Ashal,

    Thanks, please suggest one more fund, once again I will mention my portfolio.

    EQUITY / SBI Emerging Businesses Fund – Regular Plan – Growth – 1000
    EQUITY / SBI Blue Chip Fund – Regular Plan – Growth – 1000
    HDFC Top 200 Fund (G) – 2000
    HDFC MidCap Opportunities (G) – 1000
    HDFC Equity Fund (G) -1000
    planning 4000pm in Quantum long term eqty
    4000 pm – new fund suggested by you

  3. ashalanshu says:

    Dear Jay, I’m investing my personal money into Quantum Lomng Term Eq. fund. You should decide now on your own to invest or not in this fund.

    Thanks

    Ashal

  4. Jay says:

    Dear Debojyoti, dear Rokhan and dear Ashal
    Please advice

  5. Jay says:

    Dear Ashal,
    Thanks any other MF
    How is quantum , I came to know this AMC from you.
    Can we believe in Quantum,?

  6. ashalanshu says:

    Dear Jay, please invest in Quantum Long Term Eq. fund growth option.

    Thanks

    Ashal

  7. Jay says:

    Actually I missed 10 year, now I am in 40’s I would have started this 10 year before. All these are happening because of Jagoinvester, my heart thanks to Jagoinvester.

  8. Jay says:

    Dear Debojyoti, dear Rokhan and dear Ashal

    Thanks for quick advice.
    I would be much thankful if you can suggest some good funds
    SIP -10000pm

  9. Debojyoti Das says:

    dear Jay,
    dear Rokhan and dear Ashal has commented on your funds which are nearly similar. Please read dear Rokhan’s comment where he provided the similarity of underlying stocks for SBI Bulechip and HDFC qeuity, the different sectors (banking, finance, telecom, petroleum, etc) where your money is invested each month. If the stocks are similar, we don’t need two funds just for name sake and from two different AMCs. This is not diversification. I believe the diversification is when actually you are investing in different sector funds and you have stocks in different sectors which are for your different Goals which will be fullfilled after certain period of time. Experts can throw more light on this.
    Coming to your question;
    1. select funds based on the sectors where they invest your money rather by their name.
    2. It is wrong statement that being a beginner, you need to go with Regular AMC rather than Direct. Even in regular AMC from HDFC, etc, will not provide you suggestion from their own interest unless you call them up for a help. Therefore, do your own research.
    3. FundsIndia is a mere AMC. Earlier comment already describes why you need/not need FundsIndia.

    thanks
    debojyoti

  10. Jay says:

    feb 8 only SBI MF
    Feb 13 only HDFC MF

  11. Jay says:

    Formatted output, NAV value I captured is on different date
    Date Sbi Emerging SBI Blue chip HDFC Top 200 HDFC MidCap HDFC Equity
    SIP 1,000 1,000 2000 1000 1000
    Feb 8, 14 54.2406 17.484
    Feb 13, 14 220.953 20.116 288.402
    Feb 18, 14 53.982 17.55 223.098 20.189 291.606
    02/19/14 53.845 17.627 226.802 20.457 294.473
    02/24/14 55.063 17.786 225.88 20.728 296.509
    02/25/14 55.123 17.834 226.783 20.892 297.777
    02/28/14 55.019 17.988 228.546 20.935 299.684
    03/01/14 55.272 18.116 230.9 21.069 302.951

  12. Jay says:

    Hi Rokhan/ Ashal,
    Thanks for the information.
    I started SIP on last month and below are current allocations, please review and advice where I can invest additional 10000PM
    Other than charges any difference direct and regular plan? Do I require expert knowledge to manage my funds?
    When I asked HDFC manager he replied you are beginner so better to go with regular plan.

    Date Sbi Emerging SBI Blue chip HDFC Top 200 HDFC MidCap HDFC Equity
    SIP 1,000 1,000 2000 1000 1000
    Feb 8, 14 54.2406 17.484
    Feb 13, 14 220.953 20.116 288.402
    Feb 18, 14 53.982 17.55 223.098 20.189 291.606
    02/19/14 53.845 17.627 226.802 20.457 294.473
    02/24/14 55.063 17.786 225.88 20.728 296.509
    02/25/14 55.123 17.834 226.783 20.892 297.777
    02/28/14 55.019 17.988 228.546 20.935 299.684
    03/01/14 55.272 18.116 230.9 21.069 302.951

  13. ashalanshu says:

    Dear Jay, why are you not investing 50 funds? why only 5 funds? Are you really diversified among these 5 funds? Why are you not investing directly with 2 AMCs to save on expense ratio and thus earning a bit extra return over the period which ‘ll translate into a healthy extra corpus?

    Thanks

    Ashal

  14. Rokhan says:

    HDFC Equity and SBI Blue Chip – What is the difference?

    HDFC Equity Fund
    ——-
    Infosys
    ICICI Bank
    State Bank of India
    Aurobindo Pharma
    Reliance Industries
    Tata Consultancy Services
    Tata Motors DVR
    Larsen & Toubro
    ITC
    BPCL

    SBI Bluechip
    —-
    HDFC
    ITC
    Motherson Sumi Systems
    Infosys
    Tata Consultancy Services
    ICICI Bank
    Reliance Industries
    HCL Technologies
    Bharti Airtel

    Do you see the number of stocks that are similar in both? If the portfolio is so similar is there a need for 2 funds.

    I am sure you’ll get similar results with other funds as well.

    Question of using FundsIndia is just whether you want a distributor to make your life easier or would you rather save on expense paid to AMC by going direct?

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