POSTED BY October 22, 2011 2:09 pm COMMENTS (4)
ONSir please help me ,
I am investing Rs.1000 each in HDFC Taxsaver(G), Reliance Taxsaver(G) and HDFC Equity(g) For on an average 2.5 yrs.
Now i want to invest via SIP additional Rs.4000/-p.m. Which Eq. Diversified funds with long track record should i choose. I want to remain invested for next 15 yrs via SIP(GOD permiting).
Please advice me
Thanks
Dr Naveen Arichwal
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@Naveen
It s better not to Have sectoral funds in our portfolio.As these sectoral funds run will not be positive always. Instead of that go for mid and small cap (If you are bit agggresive)
1. IDFC Premeir equity-Plan A
2. BSL dividend yield plus.
Any how after this financial yr you wont invest in Tax saver. At that time U can go for large and mid cap fund such as
Fidelity India Growth,
ICICI Pru Dynamic Inst I,
Canara Robeco Equity Diversified, Franklin India prima plus, Fidelity Equity, Birla Sunlife frontline equity and UTI dividend yield.
your portfolio
ICICI pru Focused Bluechip fund (G), Birla sunlife MNC fund ,Hdfc Equity (g),and HDFC taxsaver(G) , Add one large and mid cap fund , one mid and small cap fund. Avoid Sectoral funds
Happy Investing!!!!
Thanks to all,
I want to invest in ICICI pru Focused Bluechip fund (G), Birla sunlife MNC fund ,Hdfc Equity (g),and HDFC taxsaver(G) via SIP.Total invested 7000/m
Please comment
@Naveen
You now have
HDFC Taxsaver(G)
Reliance Taxsaver(G)
HDFC Equity(g) (Multi Cap)
Why do you need two tax saver fund? make it one say HDFC tax saver alone.Also you should check your SIP after march 2012 as DTC might kick in from next year making ELSS no more in tax saving quota
You should have a Large Cap fund included in your portfolio to give stability
You can choose one from best performing funds like DSPBR Top 100 Equity,Franklin India Bluechip,ICICI Prudential Focused Bluechip Equity.
You already have MultiCap Fund which can have any stock.But if you are aggressive investor you might look into adding a Mid and Small Cap Fund like Birla Sun Life Dividend Yield Plus,IDFC Premier Equity,HDFC Mid-Cap Opportunities
So if you are conservative you can go like below
HDFC Taxsaver(G) Rs 2000
HDFC Equity Rs 1000
New SIP in Large Cap Fund Rs 4000 (DSPBR Top 100 Equity,Franklin India Bluechip,ICICI Prudential Focused Bluechip Equity.)
If you can be bit more aggressive then
HDFC Taxsaver(G) Rs 2000
HDFC Equity Rs 1000
New SIP in Large Cap Fund Rs 2000 (DSPBR Top 100 Equity,Franklin India Bluechip,ICICI Prudential Focused Bluechip Equity.)
New SIP in Mid & Small Fund Rs 2000 (Birla Sun Life Dividend Yield Plus,IDFC Premier Equity,HDFC Mid-Cap Opportunities)
Hi Naveen
U can invest in some large cap funds Icici Prudential Focussed Bluechip(G) and Franklin India Bluechip (G) (choose among the two) and if u are able to take a bit risk U can have go for the mid and small cap funds such as Idfc premeir equity and BSF dividend yield plus .
Select one in both the category and start investing. Franklin India Bluechip is a very old fund. for more info pls refer this chart
http://www.fundsupermart.co.in/main/research/viewHTML.tpl?articleNo=903
Pls stop investing in the tax saving mutual funds within this financial yr. U may not get the tax benifits under 80C from next financial yr as DTC comes into the picture.
Happy investing!!!!