Dear 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??