POSTED BY October 30, 2012 8:10 pm COMMENTS (2)
ONDear Sir,
I’ve been following your blog for some time now & I’m really impressed. I’ve deceided to invest via SIP into mutual funds & before that I would like to run it by you.
I’m 25 with annual income 3 lakhs p.a. I’ve planned on investing 6000 p.m. in mutual funds via SIP with the following mutual funds with growth option:
DSPBR top 100 equity REG , HDFC Equity G, HDFC Prudence, IDFC GSF PF plan B, Templeton India Low duration, UTI Ctrs 81, UTI opportunities respetively in the following ratio 9:8:10:10:5:9:9.
My risk appetite is moderate & I’m looking for long term investment.
Do I need to furthur streamline the number of funds from this list? Or is this selection fine with my risk appetite.
Is payment by growth scheme fine for these funds??
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Dear Homagni, on what basis you opted 7 funds? had you checked the underlying portfolio of all the 7 funds? How much diversification is there?
Thanks
Ashal
Its good you are starting the investment and SIP is a good mode of investing in MF
Why do you need 7 funds. It will just create overhead and doesnt help in diversification
Just keep the 2 funds from the list
DSPBR top 100 equity REG 3000
HDFC Equity G 3000
This will give enough diversification that you need. If you are compelled then you can add a balanced fund