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MF Investment Help
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Dear Friends. Like many, I lost quite a bit on the equity market. My Broker he says better to put all the little money in Savings in Fixed Maturity Plan. He says it will give guranteed 8%(Birla FMP) irrespective of the market. Incase the market goes up,it will be better than 8%. Is it true....
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dear babani,
I am sorry to say this, but the funds selected by your agent are not going to give you very high returns. Both the funds are Sector Funds and may be bogged down by Bearishness in that Particular Sector.
They already had great run in the past and repeatation of the same is not expected. Both the Power and Infrastructure Sectors have been hit by Interest Rate hikes and Raw Material Shortages. You are better off investing in Diversified Equity Funds as already suggested to you earlier.
Best of luck,
Srikanth Shankar Matrubai.
...
In reply to:
mf investment help
Posted by :
babani
dear kentmss and ashport
thanks for you advice it will help me immensely, as regards to time framr i can co upto 5- 8 yrs.
other than the aforesaid mutual funs i wanted to know about 2 mutuals which my agent has suggeted
1) reliance diversified power sector fund- gr
2) tata infrastructure fund - gr
whats your take on these two
regards
aroop 
Tracked by: 0 Boarder
Dear zapper, I personally don't prefer to so much duplication of number crunching. Why?
What u r asking for is already available on so many websites, VROL, Moneycontrol. Mutualfundsindia, to name a few. U may get all the so called ratios & nos on above sites & even more info. when already the work is done by others, why u want to get it done by urself (in my view is is merely duplication).
U may agree or disagree with me.
thanks
Ashal...
In reply to:
A New Commer - Pls Guide
Posted by :
Guest
Hello Ashal, Ranjan, Ashport & Others
Thumps up to you all for helping everyone on the MMB. We must try to help each other as much as possible.
What do you say about looking at the ratio analysis of MF, like Beta, Alpha, Sharp Ratio, Expense Ratio, Std. deviation, P/E & P/B?
I have started looking at all these but sometimes it\\`s difficult to make a decision after seeing these ratios.
Is there any good recommendable book to understand all these investment strategies?
Wishes
Zapper
Tracked by: 0 Boarder
Dear Pralhad, For ur monthly prem. of 20K (annual prem. of 2.4L) the minimum sum assured should be 12L Rs. as i mentioned earlier. Now as u have stopped ur future prem. it \\`ll be nice on ur part if u increase ur cover from 11L to 12L.
If it is not possible, don\\`t worry. Here is ur calculation,
A. Sum assured = 11L (as u increased it in the 1st year itself)
B. annual prem. @ 20% of A = 2.2L
C. Excess prem. paid = 20K
D. Total annual prem. paid = 2.4L
E. %age excess prem. of annual prem. = 20/240*100 = 8.33%
F. Total fund value as on date (arrived from the data posted by u) = 15.42L appx.
G. Taxable surrender value = 8.33% of F = 128450 appx.
H. Hence Tax free surrender value = F-G = 1413550 appx.
In the current year, if ur resident indian income from all other sources is almost nil, u may even sat off ur taxable surrender value against basic exemption limit of 1.5L for under 65 age male tax payee.
I hope above info \\`ll be useful to u. Feel free to ask if u need more help.
Thanks
Ashal...
In reply to:
Tax on withdrawals from ULIP
Posted by : Pralhad
Dear Ashal,
Thanks for the reply.Some hope.Details are as follows.Would like to know best path forward.
Policy: ICICI LIFETIME. Started on 24th Aug-2004,premium 20000 per month. Sum assured to begin with was 1 lakh. 100% in maximiser fund.
Within a year, of the policy the insuranse coverage was increased to 11 Lakh.
In Nov 2007, I shifted the whole amount to PROTECTOR fund, (Approx. 13.20 Lakhs). However monthly premiums were continued to go into maximiser fund.
As on date,
Maximiser fund: Units= 3431.26 @ NAV of 51.11 &
Protector fund: Units= 83015.91@ NAV of 16.46.
I'm NRI, premiums paid thr NRE A/C.
Request tax and insurance experts to suggest best path forward. I want to withdraw the amount and have written to stop further premiums.
Best regards,
Prahlad.
Tracked by: 0 Boarder
Dear babani
Both these funds are very good fund but they are sectoral/thematic funds, so limit ur exposure to such funds upto max 10% of ur portfolio.
Regds
Ashport...
In reply to:
mf investment help
Posted by : babani
dear kentmss and ashport
thanks for you advice it will help me immensely, as regards to time framr i can co upto 5- 8 yrs.
other than the aforesaid mutual funs i wanted to know about 2 mutuals which my agent has suggeted
1) reliance diversified power sector fund- gr
2) tata infrastructure fund - gr
whats your take on these two
regards
aroop
Tracked by: 0 Boarder
...
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Dear dsvas
i dont know whether you are continuing SIP in these funds. If you are doing SIP, immediately stop them.Stay invested till completion of three yrs of holding period and then redeem.Or u if u have sizeable investment in these funds, better come out of these funds after 1 yr of holding. If your daughter is of 7 yrs, I understand u will need money for her higher education only after 10-11 yrs. Invest the redeemed fund amt in large cap diversified funds like:
DSPML Top 100
HDFC Top 200
magnum Contra
DWS Alpha Eq
Fidelity Eq
Sundaram Select Focus
Try to invest via SIP only.
Regds
Ashport
...
In reply to:
MF Investment Mistakes
Posted by : dsvas
i have 2 funds 1 is tata young citizens fund, and 2 is sbi magnum children benefit plan. i undrstnd tata young citizens fund has shown poor performance. what about 2 one. please explain. i take these 2 because for my daughter age of 7 years. which is the best fund in this category.
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Dear Guest
Thanks for sharing this info.I`ll take care in future.You can consider invbesting in DWS Alpha Eq Fund which allows an SIP of 500.
happy investing
Thanks
Ashport...
In reply to:
MF Investment Mistakes
Posted by : Guest
Dear Ashport,
HDFC TOP 200 does not allow SIP amount Rs.500. Either 1000 (Monthly) or 3000 (quarterly)
Thanks.
Tracked by: 0 Boarder
Sir ,
I hope u have received my earlier message
With regards,
anusridi...
In reply to:
Modification of MF poerfolio
Posted by :
ashport
Dear anusirdi
Please provide your age, investment goal, risk appetite, investment horizon, then only I `ll be able suggest you modification in your portfolio.
Regds
Ashport
Tracked by: 0 Boarder
Dear Sharmaji,
I will buy the magazine suggested by you.
I have always believed in asset allocation strategies. This is one reason I have actually started investing in ULIPS. Just yesterday I have taken HDFC Endowment Suvidha plan.
In mutual funds, the underlying portfolio of stocks keep changing. So the term -do not marry stocks- will not apply to mutual funds. That term is more specific to shares.
I was holding on to the fund since it is from the same SBI Magnum team. I will consider your suggestion regarding JM Contra.
Thanks,
Raj...
In reply to:
MF Investment Mistakes
Posted by : pcspune
Dear vvrk,
Please Read Article ' Asset Allocation : Key to Wealth Creation" in Investor India Magzine, August 2008 Page No.68-70 ( Bajaj Capital Publication Costing Rs.20/- only).
It mentions that in Long Term 91.5% Profits are on Account of Asset Allocation Strategies. ( We may not be Convinced Easily).
You need not Churn Funds Frequently but you can Read article named as ' DONT Marry Stocks". Same Applies to Mutual funds.
Fund Manager of JM Equity is not Sandeep Sabbarwal since 5-6 months.
P.C.Sharma
Tracked by: 0 Boarder
dear kentmss and ashport
thanks for you advice it will help me immensely, as regards to time framr i can co upto 5- 8 yrs.
other than the aforesaid mutual funs i wanted to know about 2 mutuals which my agent has suggeted
1) reliance diversified power sector fund- gr
2) tata infrastructure fund - gr
whats your take on these two
regards
aroop...
In reply to:
mf investment help
Posted by : kentmss
Dear Babani,
At 38 years, and 3 year time horizon, your risk profile is minimal, you are better off investing in Large Cap Funds and Diversified Equity funds. Instead of investing 10000 in Personal Tax Saver, you could have invested in Large Cap Fund. Instead in Tax Funds only to save your Tax Liability.
Also, you are better off investing through SIPs instead of lumpsum. SIPs are easy on pocket and also serve you better. Even of sip of 100 is available in Reliance and Lotus Mutual funds.
For your 30000, you can consider investing in
Birla sunlife Frontline Equity Fund
DSPML Top 100 fund
Fidelity Equity Fund
HDFC Prudence Fund
HDFC Top 200 fund
Sundaram Select Focus Fund
I have given 6 funds, invest 5000 equally in them. Route all your future investments in these funds only. Have a focussed portfolio and do not become a "Fund collector".
Also, Ashport has , as usual, given good advise. Follow him. You will make good money.
Preferably, invest through sips.
Best of luck,
Srikanth Shankar Matrubai
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Dear vvrk,
Please Read Article ' Asset Allocation : Key to Wealth Creation" in Investor India Magzine, August 2008 Page No.68-70 ( Bajaj Capital Publication Costing Rs.20/- only).
It mentions that in Long Term 91.5% Profits are on Account of Asset Allocation Strategies. ( We may not be Convinced Easily).
You need not Churn Funds Frequently but you can Read article named as ' DONT Marry Stocks". Same Applies to Mutual funds.
Fund Manager of JM Equity is not Sandeep Sabbarwal since 5-6 months.
P.C.Sharma
...
In reply to:
MF Investment Mistakes
Posted by : vvrk
Dear Sharmaji,
To be frank, as of now I still do not have a good EXIT strategy. Have not done much thinking on how long should one wait before getting out of a fund.
I do not like to churn my funds too much. I prefer staying invested and giving some time to my investments. I have stopped fresh SIP\\`s but am planning to stay invested in both JM Equity and HDFC Capital Builder for atleast another year before I decide to switch.
Thanks,
Raj
Tracked by: 0 Boarder
Dear vipinenatr,
You can Invest in any of Following Funds.
Reliance Growth Fund
Reliance RSF Equity Fund
DWS Alpha Equity Fund/Investment Opportunity Fund
DSPML Equity Fund
P.C.Sharma
...
In reply to:
good mutual fund
Posted by : vipinenator
can any one suggest me good diversified equity fund where ican invest for 5-8yr .fund should have history .and it should have provided 20 average annually return .is relinace good fund.
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I suggest only 2 of the best funds to u at present :
Reliance Regular Savings Equity
DWS Invest Oppurtunity
Make your planning simple n effective.
Put 1 lac in each through SIP as per your time frame.
But i think dividend will be paid yearly once only. Do check....
In reply to:
mf investment
Posted by : vipinenator
want to invest 2,00,000 rs in high risk mutual fund for 5-8 yr.what is maximum return i can get.and i want to get dividend quarterly .which mf provide maximum return in india
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Sorry, I forgot to add the funds you should consider investing.
Birla Sunlife Equity Fund
DWS Opportunities Fund
JM Contra Fund
ICICI Dynamic fund
Lotus India Agile Fund
Mirae Asset India Opportunities fund
Reliance natural Resources Fund
sundaram Rural India Fund
these are all Aggressive Funds and should suit your risk profile. Do review your investment every 6 months or so.
Best of luck,
Srikanth...
In reply to:
mf investment
Posted by : vipinenator
want to invest 2,00,000 rs in high risk mutual fund for 5-8 yr.what is maximum return i can get.and i want to get dividend quarterly .which mf provide maximum return in india
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