I am planning to start my investments in mutual funds, and with the information available in your site. I made the following list. Can you please suggest am selected the correct Mutual funds?
Selected below Mutual funds to start my investment. Can you please correct or suggest me on this?
Franklin India Bluechip Fund – Growth , is doing good
ICICI Prudential Focused Blue Chip Equity Fund – Regular Plan – Growth
ICICI Prudential Value Discovery Fund – Regular Plan – Growth BNP Paribas Midcap Fund Mirae Emerging Bluechip -Direct (G)
HDFC Mid-Cap Opportunities Fund – Growth SBI Magnum Global Fund
SBI Small & Midcap Fund – Regular Plan – Growth Reliance Banking Fund
Tata Midcap Growth Plan A Fund
Canara Robeco Equity Tax Saver Fund
ICICI Prudential Tax Plan
Franklin India Tax Shield
Ramesh-Funds are good but retain only ONE fund from each sector. Also, maintain proper debt:equity ration based on your time frame.
Sir , 1 . If a i select Birla SL Frontline Equity Fund (G) from LARGE CAP , ICICI Prudential Value Discovery Fund-Reg(G) from SMALL/MID CAP HDFC BALANCED FUND are these maintain the good ration of Equity:Dept ratio ?or else i need to choose different combination ?can you please suggest on this 2 . Sir it is ok to have more than 5 or 10 mutual funds in our packet during invest ?at max how many we can invest so that it is good for us ?
Ramesh-In this only HDFC Balanced Fund will invest in around 35% of it in debt. Rest of all are pure equity funds. If you want to manage both equity and debt from equity mutual funds alone, then I suggest to invest more towards HDFC Balanced Fund to match your Debt portion.
Below are the funds , which i filtered out from your suggestion and based on information available in each category , and if my monthly investment is 10000 ruppes , can you please suggest how much if i invest in each of the below funds , will give me better returns , so please help me in wise distributing the amount of 10000 rupees in these funds , waiting for your reply .LARGE CAP : SBI BlueChip Fund-Reg(G) MID & SMALL CAP Can Robeco Emerg-Equities (G) DIVERSIFY Can you please suggested one from below two Diversified funds UTI MNC Fund (G) ICICI Pru Value Discovery Fund (G)BALANCED FUND Tata Balanced Fund(G)DEBIT SCHEMA HDFC SHORT TERM OPPE REG GROWTHI hear that max funds in out portfolio should ot exceed the 3 , because of better management and other factors , if i select each from the above then it will become 5 , so is it fine if i do like that ?please suggest wating for your response .
Ramesh-My choice-SBI Bluechip, either Franklin or HDFC, ICICI Discovery Small and Midcap Fund (I am not fan of CanaraRobeco MF, you may say I am biased) and HDFC Balanced Fund. Rest is left with you.
Sir , thanks for the response , from BALANCED FUND and Debit from which one to choose ? (after selecting LARGE MAP , MID & SMALL CAP , DIVERSIFY )
Ramesh-I already mentioned my choice of balanced fund. if you infuse more into this then your debt portion will automatically taken care by this balanced fund and that too will be tax free.