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Personal Finance
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Months back, I posted message asking help regarding my portfolio.
I was suggested a few switches. But, since, I invetsed in Jan-2008 and a lot of funds for which Switch is suggested has exit loads if I Exit or Switch before 1 or 2 years. Should I still go ahead for Swithces or shall I wait to avoid exit load?...
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Just for those who don't know (although most of the boarders know):
If you have invested in differenct schemes of same fund house with different folio numbers, and have nomination in one shceme. If you consolidate all your schemes into one which has nomination then, the nomination is effective for all the schemes.
Explanation:
You inevsted in funds A, B and C with folio numbers 1, 2 and 3 in fund house ABC.
You get nomination done for fund A - folio 1.
After nomination is done, you consolidate funds B & C with folio 2 & 3 into fund A (folio 1).
Result will be the nominated person for fund A will be nominated for funds B and C also....
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ICICI Pru has launched:
ICICI Prudential Fixed Maturity Plans (FMPs)3 Years - NFO closes on 26-August-2008....
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Few days back, I asked about my SIP in Franklin Blue Chip Fund, and was suggested by experts to stop the same.
I sent email to HDFC to stop the same and they replied that it is stopped.
But this month also SIP for same fund is done. So, what I think is that an application is MUST for same.
Please suggest me, is there any specific format for "An application to stop SIP"?
If yes, then what should be the format?
So that, I can send the same to HDFC to submit to the AMC Registrar and get the SIP stopped....
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Agreed.
Reason, I posted today this message, because, whenever, I predicted the downfall and invested some amount, it went in my favor. So, I just thought to post my prediction today and the very first time I predicted, I was proved wrong.
So it does proves that market can't be predicted daily correctly (as far as I am concerned)....
In reply to:
Today\\\\\\\\\\\\\\\\`s Market
Posted by :
ashalanshu
Dear MIKhilji, This time u guessed it right that market can't be timed successfully every day.
Thanks
Ashal 
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Dear MIKhilji, This time u guessed it right that market can't be timed successfully every day.
Thanks
Ashal...
In reply to:
Today\\\\\\\\\\\\\\\\`s Market
Posted by :
m_i_khilji
My Bad.
It just shows, that Market can\\\\`t be timed.
No one can \\\\\\\\
Tracked by: 0 Boarder
I meant to say that Market can't be timed....
In reply to:
Today\\\\\\\\\\\\\\\\`s Market
Posted by : m_i_khilji
My Bad.
It just shows, that Market can\\\\`t be timed.
No one can \\\\\\\\
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My Bad.
It just shows, that Market can\\\\`t be timed.
No one can \\\\\\\\...
In reply to:
Today\\`s Market
Posted by : ashalanshu
Dear MIKhilji, U guessed it wrong. Better luck next time dear.
Thanks
Ashal
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Dear vdixit, Out of ur 10 funds, 4 funds belong to Sectoral/Thematic category. A bad choice. Normally these types of fund should not be more than 10% in any portfolio. Even for a very high risk taking investor, 15% max. is enough. In ur case it is 40% of ur portfolio.
I assume due to this sect./them/ heavy portfolio, u may be in loss, more than market level.
1)HDFC Equity growth switch it to HDFC Growth, which is performing better
2)Reliance Diverified Power sector continue
3)Reliance RSF growth continue
4)ICICI service industries growth switch to either HDFC Top 200 or DSP Top 100 for large cap fund as core of ur portfolio.
5)Reliance Equity oppurtunity growth switch it to DWS Inv. OPP.
6)Relaince Natural Switch it to Rel. Gr.
7)Sundaram CAPEX oppurtunies fund Switch it to Sund. select focus for large cap fund as core of ur portfolio.
8)DSP world Gold fund continue
9)Fiedility Tax advantage. Stop new SIP. For taxation purpose invest new SIP in Principal personal Tax saver or DWS tax saver (free ins. is an added advantage for DWS).
10)Magnum Global fund. switch to Contra.
Thanks
Ashal...
In reply to:
Should hold this Fund?
Posted by :
vdixit
Hello friend,
I am investing in most of the fund through SIP almost 10 K/Month. Now i want to know that should i continue my investment or change any fund.I have following fund.
1)HDFC Equity growth
2)Reliance Diverified Power sector
3)Reliance RSF growth
4)ICICI service industries growth
5)Reliance Equity oppurtunity growth
6)Relaince Natural
7)Sundaram CAPEX oppurtunies fund
8)DSP world Gold fund
9)Fiedility Tax advantage.
10)Magnum Global fund.
Please give suggestion is my investemnet is correct or not.
Tracked by: 0 Boarder
Dear giridhari, first decide ur financial journey's destination (for what purpose u r saving, ur aim, ur time frame for the same, the risk u can take etc.). Then only ask where u should invest.
On a general basis, plz. don't mix up ur Insurance & Investment need.
If u need insurance opt Pure Term cover.
If u want to invest for ur financial goals, invest in MFs, Bank FDs, PPF, PO schemes etc. as per ur choice, returns, goal time frame & risk tolerance level.
Thanks
Ashal...
In reply to:
Invetment in ULIP
Posted by : Giridhari
I want to do some SIP invesment either in mutual fund or ULIP. Please suggest which one I should opt ? also please suggest fund name whcih is good for this time
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Dear MIKhilji, U guessed it wrong. Better luck next time dear.
Thanks
Ashal...
In reply to:
Today\\`s Market
Posted by : m_i_khilji
Market seems to gain today and close on positive note.
Tracked by: 0 Boarder
Dear Friend, as u said u r in 30s, u need not to opt balanced fund right now. Regarding Large cap funds, as u already own DSP Top 100 & Sund. Focus, u may select between HDFC Top 200 & Birla Sunlife Frontline Eq.
Thanks
Ashal...
In reply to:
LargeCap Funds
Posted by : Guest
Dear Ashal,
Thanks. Being in 30, I may not go for a balanced fund right now. Perhaps I may consider Speciality Fund and also DWS Investment Opp Fund. But can you advise about the 3rd Large Cap fund to choose. As posted earlier, I already have DSP 100 and Sundaram Select Focus.
Regards,
Long Term Investor.
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Dear radnar33, as per ur recent info, the monthly returns from ur company deposits r 2.31% or annual compounded 31.6%. It is a healthy return by any means. keep it as it is. make sure such high returns r safe also as i'm unable to understand how a company can offer such high returns when money is available relatively cheap. Stick to invest till age 60. If u do increase ur Eq. MF sip by 8K rs. from sept. & 7K more by oct. ur total SIP amount 'll be appx. 24500 Rs. per month. thru this increased SIP amount u have very fair chance to get ur 1C corpus by the end of 7 years.
As the above matters r clear now, here goes my version for ur MF portfolio restructuring.
DSPML Equity - DR – SIP 2000 3.33 OK
DSPML Opportunities - DR 3.40 switch to DSP ML Top 100 for safety of large cap
DSPML T.I.G.E.R - 3.40 as ur age of 53, sectoral funds should not be there, switch to DSP Top 100 & Eq. in equal proportion.
Fidelity Equity - 1.63 not performing well, switch to HDFC Top 200
FIBCF 4.48 Switch to Temp. India Eq. Income fund
Franklin India FlexiCap Fund 7.02 not performing well, switch to DWS Inv. opportunity with Liq. + STP Route
Franklin India Prima Plus - 3.98 not performing , switch to HDFC Top 200
Franklin India Prima Plus 2.04 same as above
HDFC - Equity – SIP 1000 7.75 stop current sip & start sip in HDFC Growth
HDFC Top 200 - 1.37 Hold & increase exposure as per above recommendation
HSBC - Equity - SIP 1000 1.83 continue
ICICI Infra Struc -SIP 1000 0.27 same as advised for TIGER
Kotak 30 - SIP 1000 0.27 continue
Kotak Opprtunities - 2.20 continue
SBI-Magnum Contra-SIP 1000 1.09 continue
Reliance Equity Oppor 0.82 switch to Rel. Gr.
Reliance Growth - 2.58 continue
Reliance Vision - SIP 1000 6.39 switch to Rel. gr.
SundaramCapex Oppor-SIP 1500 6.43 avoid being a thematic/sectoral fund & switch to Kotak opportunity/DWS opportunity
Sundaram- Energy Oppor 3.40 same as above
Sundaram Select Focus - 6.46 continue & invest more
Sundaram Select Mid Cap 9.51 not performing well. switch in Rel. Gr. & in Sund. select Focus equally
TempletonIndiaEquityIncome 7.64 continue & invest more as recommended above
Tata Infrastructure Fund 1.36 same as for TIGER
Tata Equity Opportunities 3.40 Siwtch in DWS/Kotak opportunity
After all the above switching & restructuring, ur portfolio 'll have following funds with an over all large cap bias
1. DSP Top 100
2. HDFC Top 200
3. Sund. select Focus
4. Kotak 30
5. DSP Eq.
6. DWS Inv. opp.
7. Kotak inv. opp.
8. Rel. Growth
9. Temp. India Eq. Income
10. HSBC Equity
11. HDFC Growth
Although the no. of funds (11) still on higher side but more manageable in comparison to ur current portfolio. For all these funds use dividend pay out plan & invest ur dividends in debt as per ur choice as & when u get it. thru periodic investments of these dividends in Debt (bank FDs, Debt funds, FMPs, Company deposits etc.) ur over all portfolio 'll be restructured automatically between Eq. & debt.
Plz. feel free to ask if u need more help.
Thanks
Ashal...
In reply to:
MF Folio evaluation help
Posted by : radnar33
Ashal....thought would clarify the Co Deposit. 263120 is correct from which we recieve Rs 8980 (one time Initial comm income)plus Rs 15500 monthly for 60 months after which refund of Rs 1000000 (bond paper).All of this is taxable but like I had said....we have paid zero tax as until now as income tax cieling seems to have increased.Hope this helps....thank you...Radnar33
Tracked by: 0 Boarder
Hello friend,
I am investing in most of the fund through SIP almost 10 K/Month. Now i want to know that should i continue my investment or change any fund.I have following fund.
1)HDFC Equity growth
2)Reliance Diverified Power sector
3)Reliance RSF growth
4)ICICI service industries growth
5)Reliance Equity oppurtunity growth
6)Relaince Natural
7)Sundaram CAPEX oppurtunies fund
8)DSP world Gold fund
9)Fiedility Tax advantage.
10)Magnum Global fund.
Please give suggestion is my investemnet is correct or not....
Tracked by: 0 Boarder
Dear Ashal,
Thanks. Being in 30, I may not go for a balanced fund right now. Perhaps I may consider Speciality Fund and also DWS Investment Opp Fund. But can you advise about the 3rd Large Cap fund to choose. As posted earlier, I already have DSP 100 and Sundaram Select Focus.
Regards,
Long Term Investor....
In reply to:
LargeCap Funds
Posted by : ashalanshu
Dear friend, Normally an investor should have following break up in terms of total no. of MF plans.
3 Large cap
1 Mid cap
2 Multicap, diversified, opportunity
1 sectoral
1 balanced
1 speciality fund (here i mean gold funds or global funds to reduce over all risk).
total 8-9 funds r sufficient in any portfolio for a long term growth. the large cap funds should form the core of ur portfolio, hence the over all exposure to this category should be around 50-60%
Mid cap 10%
Multicap - 15-20%
Sectoral - 5-10% but zero before 3-4 years of retirement.
Balanced - initially zero if investors age is in 20s & should increase with age & by the time the person retires, it should be around 40%.
Speciality - 10% of ur initial portfolio.
Plz. note i have not used the word Ideal, as nothing can be ideal for everybody. U may take ur own break up & invest accordingly to reach ur goal post.
Thanks
Ashal
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