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POSTED BY ON January 6, 2014 3:23 pm COMMENTS (10)
Hi,
I have two goals for financial planning : Retirement and Son education. Planning to invest 10000 in SIP of 2 funds ( Large cap and midcap ).
Duration : 10 to 15 years.
I have no liabilities and all my investment avenues pure FD,GOLD and Real estate.
Can you suggest which 2 funds are best to start from this month.
Where to start SIP ( FundsIndia , ICICI direct ) ?
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Dear Vinman, why dear Dev should take help of a paid planner at al. If you can manage on your own, why can’t he? Just tell me the reason for making different things for self and others by you as you refused to take help of a planner when suggested to you by some one else in another discussion.
Thanks
Ashal
Confusion to choose any one of the following funds in large cap,
ICICI Pru Focused Bluechip Eqty (G)
Franklin India Bluechip (G)
For midcap , i can choose
Quantum Long Term equity Fund .
Some of you please help me to choose which large cap from the above,.
Dev,
I would suggest you to approach a good financial planner to plan for your TWO goals. This way they would be able to spread the GOAL into different classes based on your risk appetite. Their suggestions on which fund to chooses will also help you in the long run if at all portfolio balancing is required as well.
Cheers !
My recommendations would be:
ICICI Pru focused blue chip fund (Large cap)
UTI Opportunities fund (Large cap)
HDFC Balanced fund (Balanced)
ICICI Balanced fund (balanced)
Approach the MF directly and invest to save more money.
For large-mid cap, you can also check ‘PPFAS Long Term Value Fund’.
If I had to select 1 funds from large-cap, large-mid cap and small-mid cap category, I would select the following:-
large-cap
ICICI Focused blue-chip/ or Axis Equity
large-mid cap
Quantum Long Term equity Fund
small-mid cap
IDFC Premier Equity fund/Or SBI Emerging Business fund
In large cap , which one will be better, Because ICICI pru focuses only stared in 2008. But FIBC was started 1993. ( There is overall consistent performance in FIBC)
ICICI Pru Focused Bluechip Eqty (G)
Franklin India Bluechip (G)
Because last may 2013, when i was browsing that time it was rated as very good, (now it is Average )
Still i need suggestion regarding my first question :
Which 2 funds to be selected for investment ( Large cap and midcap ).
Duration : 10 to 15 years.
No to icicidirect, because there is brokerage involved.
Yes to fundsindia, since they do not charge.
Still better option is to approach MF directly and invest in ‘direct’ version of MF.
Why would ICICIDirect have brokerage on MF? Isn’t that only for the Stocks? As far as I know, MF investment doesn’t have a brokerage charged to the customer.
Fundsindia as well is a broker. its just that the account maintenance is free. they’d still earn the trailing commission from AMC.
Best idea is to go with DIRECT plans from the AMC