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POSTED BY ON January 26, 2014 9:56 am COMMENTS (17)
Dear friends,
I would like to know your opinion on Tata ethical fund and SBI emerging business. I have invested in Canara robeco equity diversified , robeco balanced fund and franklin templeton bluechip funds.
For sbi emerging business i would like to know the frequency of investment and tenure. Shall i go for monthly or quarterly or even half yearly.
Tata ethical has been performing well and i intend to slowly replace Canara equity diversified with this fund. Will it be ok?
Similarly i want to invest in Sensex. Shall i invest in a passive mutual fund or go for Nifty BeES?
thanks for your efforts.
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Dear Waris, I’m investing my personal money in HDFC High Interest STP Growth fund. Should I say more?
Thanks
Ashal
Yes Ashal , thanks a lot.
Can you explain about selection of HDFC High Interest Short Term plan (growth option) ?
thanks
Dear Waris, out of your mly salary, how much can you divert for retirement and how much for house purchase, only you can decide. My personal take – for house purchase invest in a debt fund like HDFC High Interest Short Term plan (growth option).
Fopr your retirement needs, invest in Eq. funds like Franklin India Bluechip and Quantum Long Term Eq. fund. Same funds should be used for kid’s education.
I hope, now it’s specific to your needs. 🙂
Thanks
Ashal
Dear Ashal,
I have 75L term plan from HDFCLIFE.
Dear Waris, I assume you have adequate term cover. Purchase one if not purchased already. PLI is not going to help you to achieve any target. So dump it now. Divert the PLI prem. amount towards other goals. Please check from your own cashflow, how much money can you save and invest on mly basis? Depending upon your saving strength, decide the investment instruments for each of the 3 goals.
Thanks
Ashal
Dear Ashal,
Can you be more specific. Are the details provided by me are not sufficient?
Actually the PLI was taken for house goal, but it will be maturing when i am 35. So that cant be used.I may reinvest that for my kids education.
Kindly advice what investments more are needed for meeting following goals:
1. retirement
2. house purchase
3. kids education(he is 1 yr)
based on the data i have provided.
Dear Waris, 15L Rs. in 3-4Y is a tough task. You need to invest a very high amount on mly basis to reach 15L Rs. in next 4Y. Please tone down your house expectation.
Thanks
Ashal
Dear Ashal,
Thanks for the clarification. Can tell whether NPS saving alone is sufficient for retirement. I am 30 years old. My present NPS corpus value shows 7.2L(5.5L+1.7L gain).
NPS portion will increase 3% each year or more depending upon promotions , pay commissions etc.
if that is sufficient then I will divert the MF money to debt Else i will use 10K RD(present value 1.1L) for house purpose. It seems i need 10-15L for downpayment.
Plz advice
Dear Waris, you have not offended me. Before giving any solution, should I not understand all the needs and pain points? that’s why i’m asking so many counter questions. If the Idea is to arrange the money for house ASAP (I assume next 2-3Y), please do not invest in Eq. funds at all.
First of all, please pin point a price for your house that you w’d be ready to pay. then plan how much ‘ll you put fropm your own pocket and how much from loan? Accordingly calculate how much you need to save and invest on mly basis to reach your house funding target in next 2-3-4 y.
Thanks
Ashal
Dear Ashal,
It seems i have offended you by asking these questions?
And yes i am not very clear about these index funds. Thats why i asked these questions.
Frankly speaking i would like it to be at the earliest i.e. when i am able to arrange for down-payment i will go for it.
I have not yet planned exactly when but i assume it may take >7-8 years. The PLI will also mature at the same time.
Dear Waris, when ‘ll you need money for your house?
Thanks
Ashal
Dear Waris, how can you get Sensex return by investing in Nifty ETF? why are you asking one by one for your MFs? Why are you not discussing all the portfolio ain a single discussion?
Thanks
Ashal
Dear Ashal,
Before starting the SIPs in Canara and franklin we had detailed discussion on the forum. Based on that i had started those SIPs. So i thought we can discuss the changes alone.
For clarity i will again put the portfolio details here:
Canara Robeco equity diversified:2K (House)
Canara Robeco balanced:2K (House)
Canra Robeco ELSS:2.5K(12 months) now stopped as tax part is covered by NPS and PLI
Franklin templeton bluechip:1K(Sons Education)
PLI:5K(House)
PPF:1K(Sons education)
SBI emerging business:Lumpsum investment of 8K
Templeton Income Builder:15K lumpsum
RD:10K(For short term goals such as buying car)
NPS:5K(by me) +5K (By Employer) : For Retirement
I have 75L term plan by HDFC.
Kindly advice.
Hi Waris,
I am no expert, only want to talk about Tata Ethical fund. This is Shariah compliant, ie does not invest in some specific stocks- like banking stocks. In 2012 & early 2013, when interest rate was coming down, these stocks were giving blockbuster returns. In later half of 2013, when interest rate went up, these stocks stumbled. So now Tata Ethical is doing well. You may be sure that when financial stocks do well, Tata Ethical will lag diversified funds. In my opinion it is not wise to omit financial stocks from portfolio (they form largest proportion of sensex). So in a sense Tata Ethical is a sector fund- which as you know is usually not a good idea.
Thanks,
Kuntal.