Suggestion on my SIP

POSTED BY Venkatesh Gurram ON May 18, 2013 10:03 pm COMMENTS (8)

 

Hello JagoInvestor forum Experts, 

Please help me with your suggestions. 

I am 26 yrs old & getting 28K monthly take home after all deductions, I am single and my parents are not depending on me. 

Expenses: Monthly living expenses – 8K

Investments till date:

Fixed deposits – 2Lakhs

PPF – 8K per month started last year Jan 2012

Insurance Coverage:

Term Insurance – 50Lakhs from Aviva paying 4.5k/Annum

LIC (Jeevan Anand & Mitra) – 36k/Annum

Emergency fund:

Bank FD : 1L

I am still saving 5k-7k/month. I wanted to start SIP. I searched so many websites and read some articles about MFs. Finally I decided to start SIPs. Could you please let me know these SIPs are good for me.

DSPBR Top 100 Equity MF SIP – 2K/Month(For longterm – 20years)

HDFC Top 200 Equity MF SIP – 3K/Month(For longterm – 20years)

Thanks & Regards, Venkat

 

8 replies on this article “Suggestion on my SIP”

  1. 3sharad says:

    Hi,

    You can consider the following:

    Large-Cap: Birla SL Frontline Equity (50%)
    Mid-Small: Mirae Asset Emerging BlueChip (50%)

    Analysed considering the style and capability to drive performance using attribution analysis.

    Best Regards,
    Sharad
    http://www.thefundoo.com

  2. Sumit says:

    Don’t want to confuse you, but if I were you I would choose the following:-

    1 Large cap – ICICI focused blue chip / Franklin Indian blue chip – 35%
    1 large-mid cap – Quantum long term equity / UTI Opportunities -35%
    1 Mid-small cap – SBI Emerging business/ Reliance Equity Opportunities/ IDFC premeir equity plan A – 30%

  3. Sumit says:

    Don’t want to confuse you, but if I were you I would choose the following:-

    1 Large cap – ICICI focused blue chip / Franklin Indian blue chip – 35%
    1 large-mid cap – Quantum long term equity / UTI Opportunities -35%
    1 Mid-small cap – SBI Emerging business/ Reliance Equity Opportunities/ IDFC equity plan A – 30%

  4. Dear Venkat, past performance is no guarantee of future performance. Be it for Quantum LTE or UTI Opp. Fund. In fact each & every fund is subject to market risk & no future performance guarantee.

    Please decide on your own. if you are happy with UTI Opp. so be it. if you think QLTE is good for you, invest there.

    Disclosure – I’m investing my personal money in QLTEF. But it does not mean that I should force you to invest in QLTEF. 🙂

    Thanks

    Ashal

  5. Ashish says:

    Dear Venkat,

    As dear Ashal has suggested, you should look to invest either of these two shortlisted fund. There is a high duplication among DSP Top 100 and HDFC Top 200 (nearly about 50%) of their holdings are same at this point in time and there is no point investing in both of these funds at same time.

    In this scenario, I would prefer to go with HDFC Top 200 and Quantum Long Term Equity. There also you would find duplication but not to the extent of 50%. These two funds shall invest in wide range of stocks.

    Ashish

    1. Venkatesh Gurram says:

      Thanks Anshuk, Ashal and Ashish..

      Ashal/Ashish

      I saw the last 5 years performance of Quantum long term equity. it is nice. Yesterday my friend suggested UTI Opportunities-G(Equity: Large & Mid Cap) and its performance also quite high compare to Quantum. which one should i choose? and what is main difference between these two? my goal is for retirement corpus.

      Thanks,
      Venkat

  6. Dear Venkat, opt only one fund from the 2 selected by you. The 2nd fund can be Quantum Long Term Eq. fund.

    Thanks

    Ashal

  7. Anshuk Jain says:

    Yup. Those choices are good.

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