SIP Profile

POSTED BY Sri Ramakrishna ON February 6, 2012 4:10 am COMMENTS (3)

Hi,
I am new to this site and for investing also. I am 30 and just started investing in SIPs like
HDFC Top200 – 2k pm
UTI Dividend yield- 2k pm
SBI magGlobal fund – 1k pm
SBI Gold fund – 1 k pm
Franklin blue chip – 1 k pm
HDFC mid cap opp – 1 k pm.

My idea is to diversify the funds. But I am not sure whether I have done it or not with my knowledge. Can you please suggest. I dont need any insurance and Tax benifits. I would like to invest 4 k per month in something that you are going to suggest. TQ

-Krishna

3 replies on this article “SIP Profile”

  1. Sri Ramakrishna says:

    Thank you Ashal And BanyanFa

  2. BanyanFA says:

    Hi Mr. Ramakrishna,
    It is nice to see that you have started investing in SIPs. Your current choice of funds are not bad but may require some tweaking.
    Currently you are investing :
    1. Large Cap funds (HDFC Top200 & Franklin Blue Chip) – Rs. 3000 pm.
    2. Mid Caps – Rs. 4000 per month
    3. Gold – Rs. 1000 per month

    If you have further investable funds, you may like to invest / diversify into the following:
    1. Micro Cap funds – best fund being DSP Black Rock Micro Cap Fund – Rs. 1000 should be good;
    2. Sector Fund – Reliance Banking Fund can give a good exposure towards Banking sector. Rs. 1000 per month should be a good amount to start with.
    3. I am avoiding to give you suggetion to invest into Balanced Funds as I believe that you may already be having Income from your Employer via salary. You may want to increase your voluntary PF contribution by Rs. 1000 per month to enhance the debt component of your portfolio. Alternatively invest into your PPF.

    It is important for you to understand that SIPs are meant for long term horizon and hence you may notice very frequent fluctuations in your investment portfolio. These should not bother you, as they are temporary stages of an equity market. In long term, they all should head north and give you good returns.

    Regards
    BanyanFa

  3. Dear Krishna, if you are investing first time, my take ‘ll be to go for HDFC Prudence fund 2K SIP & Franklin India Bluechip fund 2K SIP.

    These 2 funds are good enough to begin with. Later on, when you are comfortable with the investments, you may add 1 or 2 funds more.

    Thanks

    Ashal

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Your email address will not be published.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