I am planning to invest in Mutual funds through SIP – monthly and my time horizon for this investment is 10 to 15 years.
Am already investing in PPF (8000 P.M) for more than a year now.
Below are the funds I have chosen:
- Mirae Asset Emerging Bluechip Direct Growth – Rs.5000 P.M
- DSP Small Cap Fund Direct Growth – Rs.5000 P.M
- Already invested in Tata Ethical Fund Direct growth 2 months back – Rs. 50000 (Lumpsum)
Had invested in TATA Ethical Fund Regular Dividend since Aug 2015 and recently switched to Direct growth plan.
Little confused whether to continue this fund for a long term or should I Redeem after a year to avoid the exit load.
Please suggest whether to stay invested in Tata Ethical or to Redeem, also kindly advice on the SIP Funds chosen.
First do the asset allocation between debt and equity.
Thank you sir for your response.
asset allocation with 30:70 Debt vs Equity should i plan?
Also need your thoughts on whether to reduce the PPF portion and invest in other ultra short debt funds
Thank you sir for your response
asset allocation with 30:70 in Debt:Equity should i plan? If yes can i reduce the contribution towards debt and add the same towards Equity.
Also need your thoughts whether to reduce the PPF portion and invest in ultra short term debt funds..
I have funds for 4 months for emergency purpose and term insurance as well.
Follow the asset allocation of 40:60 between debt and euqity. Regarding PPF, if the goal time horizon is beyond PPF maturity, then stick to PPF only rather than experimenting with debt funds.
I have been investing in Reliance SIP mutual funds, and I would totally recommend this to you rather than the options that you have represented in your question. Reliance Mutual Fund has been popular for a while because it is from a well-established business and offers a wide range of investment options in mutual fund. The various options include small cap, large cap, liquid funds, taxpayers and equity hybrid fund. I have been investing in liquid funds and I am satisfied with the returns. The minimum amount that can be invested is INR 500 which is a lucrative option for first-timers. The benefits of investing in are investing small amounts of money over a long period of time, compounding and rupee cost averaging over a longer tenure, flexibility in withdrawing the whole amount anytime after lock-in period, choosing the amount that has to be invested in SIP mutual funds. There are some unique features like life insurance cover for investors at no extra cost, increasing your existing SIP investment, and also decreasing a specific number of installments temporarily. I hope you find this helpful and are able to invest in Reliance SIP.