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POSTED BY 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)
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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
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
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
Dear Debojyoti, dear Rokhan and dear Ashal
Please advice
Dear Ashal,
Thanks any other MF
How is quantum , I came to know this AMC from you.
Can we believe in Quantum,?
Dear Jay, please invest in Quantum Long Term Eq. fund growth option.
Thanks
Ashal
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.
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
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
feb 8 only SBI MF
Feb 13 only HDFC MF
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
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
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
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?