thanks for your great support. I have around 5L in lumpsum.already investing in SIP every month with other source
Need your advice to invest 5L
Could you please help?
I am holding Following MFs in portFolio
HDFC BALANCED FUND
ICICI PRUDENTIAL BALANCED FUND
BIRLA SUNLIFE EQUITY FUND
FRANKLIN INDIA HIGH GROWTH
FRANKLIN SMALLER COMPANIES
KOTAK SELECT FUND
SBI BLUE CHIP
Without knowing your expectation and time horizon of the goal, how can I guide you?
Time Horizen is 7 Years. After that i need to generate monthly income for this amount.
In that case a large cap like SBI Bluechip is enough in equity. In debt, use one Ultra Short Term Debt Fund. Allocation between Equity and Debt should be in ratio of 40:60. Dump all the other funds. Your goal is medium term. Hence, no need to take risk and invest in so many funds.
Thanks..Do I need to invest in liquid fund then do STP or invest lumpsum amount in one shot?
Lump sum in one shot with said asset allocation.
can u provide some good Ultra short term funds.
SBI BLUECHIP – 300000
Ultra short term fund – 200000