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Dear friends,
On October 28, 2009, the total net assets under management of HDFC Mutual Fund crossed a historic milestone of Rs. 1,00,000 crore making it the first mutual fund to achieve this feat in less than 10 years of its operation.
Wish you and your staff for all the best for future greater acheivements.
Regards,
Wadia...
I want to invest 2.5 lack.Is it advisable to invest in MF at this lavel.If yes than guide me to invest in some good MF which can give me 15 to 18 % return in next one or two year...
Dear Ashalanshu,
But, isn`t the same strategy applied by other agressive funds (which might be large or mid caps)?
In fact, each and every fund manager looks for opportunities. Am I right? Then what is the basic difference?
Thanks...
Dear curious4ever, As per the latest info posted by u for the marriage age of ur D`ter, u can accordingly define ur own mly. or qtly. contribution in terms of quantity of gold.
Thanks
Ashal...
Dear curious4ever, On the face of it Opportunity funds r diversified Eq. funds (os should i say multicap funds) but as the name opportunity points that, these funds may take heavy exposure at a given point of time in large or mid or small cap as well as in a theme or sector, wherever the fund manager thinks an opportunity exists.
From risk point of view, opportunity funds comes after sectoral/thematic funds.
From return point of view, the returns may be highly volatile based on the outcome of opportunities chased by fund manager.
UTI opp., Kotak op.. & DWS Opp. r some of prominent names in this category.
Thanks
Ashal...
Dear whomovedmychees, If u still have some space left for ur 80C investment, u may continue with Fidelity Tax advantage.
But if ur 80C limit is already over from ur other investments no need to park money in Fid. or any other ELSS.
For ur other 2 funds suggested for redemption - HDFC Cap. Builder & Rel. Vision, The advice is right. Off late for past 1.5-2 years Vision as well as Cap. Builder r not performing the way earlier these were known for.
In case of new funds offered for investments, my choice `ll be as below -
HDFC Top 200 instead of HDFC Eq.
DSP Eq. instead of DSP growth
SBI Contra is OK.
Thanks
Ashal...
Dear Members,
What are opportunities funds (Kotak Opp., DBS Chola Opp. etc.)?
How do they differ from other equity (diversified / arbitrage etc.) funds?...
Dear Ashalanshu,
I wrote "at-least 8 years" and not "8 years".
I meant to say that I hope to marry my daughters, only after 18. It might be 20 or 21 also.
Thanks for the advice....
systematic transfer plan...
Dear Curious4ever, The approach is very simple. Just imagine if the marriage of ur D`ters` r today, how muc quantity u `ll gift 2day to each of them.
Divide this quantity, by the no. of months u have to accumulate for each d`ter.
This `ll give u the target of Gold to be purchased every month.
Expense ratio of all gold ETFs is 1%.
Thanks
Ashal...
Dear Manmarandmf, Plz. don`t get fool by thinking that High NAV means the fund is a costly one. Infact High NAV shows the strength of past performance.
If HDFC Top 200`s Current NAV is around 180 Rs.what `ll u say for the NAV of Rel. Growth Fund which is around 400 Rs.
If u want to invest in HDFC Top 200, Plz. do it but thru SIP or STP.
Just FYI - I personally hold both of the above mentioned fund.
Regading Rel. Eq. i had already advised u in my prev. post. Here again my choice `ll be to invest ur redemption money from Rel. Eq. to HDFC Top 200 &/or DSP Top 100.
Thanks
Ashal ...
Dear jpds, Plz. invest ur 20K money in Birla Sunlife Savings Retail Plan.
At the same time fill a STP form to transfer 1K Rs. mly to ur existing Birla Fr`line Eq. fund. While selecting mly. STP, plz. keep the transaction day at least with 15 day of difference from ur SIP transaction date.
Thanks
Ashal...
you can invest one time,but in birla welth5(MIP) growth option& invest through STP...
i have recently signed up with an FP.
I have been suggested to move out of 4 funds (in which I was invested via SIP for almost 2.5 years) and start SIP in 3 other funds.
My earlier funds were
• Fidelity Tax Advantage Fund
• HDFC Capital Builder Fund
• Reliance Vision Fund
Instead I am being asked to put in
• HDFC Equity Fund Growth Plan
• Magnum Contra Fund Growth Plan
• DSP Blackrock Growth Fund
The idea given is to aggressively invest in equity diversified instead of ELSS. Pls. share any views about the new funds vs. the old ones.
Thanks...
Dear Friend, I don`t know that for ur D`ter aged 10 at present, u r going to marry her at her age of 18 for sure or not.
As u posted that u `ll marry her after 8 years. My simple solution - Imagine u r going to marry her 2day, then how much gold u `ll gift her?
I assume ur answer `ll be 200 gm.
Now 8Y = 8*12 = 96 months
It means u w`d have to purchase at least 2 Units every month. As i mentioned earlier, u can`t SIP in Gold ETFs for ur requirement u w`d have to purchase thru ur demat acct. mly.
Hope this `ll clea ur doubt.
Thanks
Ashal ...
