Want to invest total 10000, can you please suggest one Mutual Fund from each type and can you please suggest , how much to allocate for each one from total 10000 rupees? From large cap SBI MUTUA FUND, BIRLA SL FRONT LINE EQUITY, BIRLA SL ADVANTAGE FUND and Birla Sun Life Equity Fund-G. From DIVERSIFIED FUND UTI MNC Fund, ICICI Prudential Exports and Other ServicesFund and Franklin India High Growth Companies Fund. From MID AND SMALL CAP Canara Robeco Emerging Equities, Principal Emerging Bluechip Fund, Tata Mid Cap Growth Fund and DSP BlackRock Micro Cap Fund. From balanced funds TATA BALANCED, L&T BALANCED or HDFC BALANCED. Can you please suggest one from each type for long term investment of upto minimum 10 years on SIP manner?
Bennu-How you shortlisted these funds?
based long term past performance ,stability and returns
please correct me if i selected wrong schmes
You can own Birla Sunlife Frontline, Franklin India High Growth companies Fund, Tata Balanced fund. But in mid cap I prefer HDFC MidCap or Franklin Smaller Companies Fund. These many are enough. Avoid sector funds.
May i know how much i need to allocate for each from the amount 10000 for each month ?
Considering your timeframe, I suggest around 60% into Balanced Fund, Rest 40% among Birla large cap and a small and mid cap fund.
Is following allotment fine ? , can you please check .TATA BALANCED 6000 per month for 10 years minimumBIRLA SL I FRONT LINE 2000 per month for 10 years minimumFranklin India High Growth companies Fund 1000 per month for 10 years minimumFranklin Smaller Companies Fund 1000 per month Franklin Smaller Companies Fund
Bennu-Fine, even if you avoid Franklin High Growth fund then also fine.