|Author: Partha Kansabanik 07 Sep 2016 Member Level: Diamond Points : 4 (Rs 4) Voting Score: 0|
Remember that while planning SIP, three things are required. The first one is your risk-taking capability, the second one is your target (for the specific purpose you want to invest) and the third one is your time-horizon. In absence of these three information, proper guidance can't be given.
So, I am assuming that your time-horizon is five years, and you have moderate risk-taking capability. Assuming these two factors, I would recommend you to invest Rs. 3000/- p.m. in a equity-oriented hybrid fund and another Rs. 3000/- p.m. in a debt-oriented hybrid fund for proper risk-balancing. If you maintain SIP for five years in these two categories of funds, you would additionally have Nil tax obligation for equity-oriented hybrid fund and you would get indexation benefit in respect of debt-oriented hybrid fund.
The best funds in these two categories can be easily obtained from various mutual fund websites like www.valueresearchonline.com or www.morningstar.in. (I do not mention the names of specific schemes on principle.)
|Author: Sheo Shankar Jha 08 Sep 2016 Member Level: Gold Points : 2 (Rs 2) Voting Score: 0|
A long term planning especially in the SIP is always advantageous so as to make healthy corpus to be utilised for the education of the children, medical expenses for the self and the family- members, buying flats etc.
The more is the time of investment, more is the benifits associated with such corpus. Since you have allocated 6000/- PM to be invested in SIP for twenty - five years. At the end of the stipulated time, you would have definitely huge reserve - may be to the tune of thirty lakhs after the expiry of the period.
Now at this juncture, I would suggest you to operate two funds simenteneously namely equity fund and debt fund and in each fund you may invest the equal amount. In that way, you would compensate the loss of the equity fund in case of any erosion of the same in the lean period. The debt fund would take care of the healthy corpus in the long run. HDFC equity and debt fund seems to be the ideal choice as far as my persepective says. However, it would be much better to have the consultation of some financial planners actively involved in such type of Bussiness.
|Author: Mahesh 09 Sep 2016 Member Level: Gold Points : 4 (Rs 4) Voting Score: 0|
My personal suggestion in this case is to divide the investment into - equity, debt and tax saving fund. So you can invest 2000 Rs each in each of that fund. You'd have to adjust a bit with the market changes for the pure equity fund but rest of the other two funds being on safe side you can take the risk of the 2000 Rs.
You have to also know your risk and the appetite for the risk. If you can manage to lose few ups and downs due to the market then equity funds can be good for you.
1. Go to valueresearch website.
2. Find the equity fund using the 3 year performance.
3. Find the fund ratings and the recent fluctuations.
4. Check the fund-house and the fund review.
5. Select the fund that suits your requirement.
Now do the same process for the debt and the tax saving fund. This process should help you filter out some of the good funds where you can invest. Do note that don't put all the funds into the equity and the debt funds. As that can go against your line of risk appetite.
Make sure you stay invested for minimum 5 years. Otherwise mutual funds are not much use to you in equity and mid-debt category.