Are mutual funds profitable investment options? When and how should one buy mutual funds? Financial planning expert Irfan Rupani answers a few such queries...
irfan says, hi, good afternoon, lets begin
Pankaj asked, Hi Irfan, I currently invest Rs 1000 monthly by SIP in 9 mutual funds. DSP TIGER, DSP Tax Saver, Principal Personal Tax Saver, SBI Magnum Tax Gain, HDFC Tax Saver, Reiance Tax Saver, Franklinn India Blue Chip, Sundaram BNP Paribas Select Midcap, Reliance Vision. Which funds should i add to my portfolio?
irfan answers, at 2008-07-23 12:47:52hi, you have an over-diversified portfolio. for eg. you have 5 tax-saving funds. ideally 2-3 tax-saving funds should do the trick.
anand asked, Good morning Mr. Rupani. Has midcap funds lost their charm? Is it still safe to hold investments in midcap funds?
irfan answers, hi, mid caps have not lost their charm. mid caps need a longer investment time frame than large caps, because of their inherent nature. so long as you have the risk appetite for it and have a long enough time frame, mid cap funds should be fine.
namrat asked, Can ur goodself name some of the best performing funds which we can invest now?
irfan answers, hi, there is no such thing as best performing funds. different funds could appeal to different investors based on their risk appetite and investment objectives.
mike asked, Hello Irfan, I am an NRI 50 yrs old and will retire in about 6 months time. Is it necessary to include MIPs in the portfolio or other lower risk avenues like sufficient to meet income generation? Please advice.
irfan answers, hi, if you are going to retire in 6 months, mips may not be the right investment for you. write to info@personalfn.com to know more.
kumar asked, Hi currently I hv these MFs - Reliance Vision, Reliance Diversified Power, Templeton India Equity, Fidelity Equity, AIG India Equity fund and Sundram SMILE. Which of these MF are good bet for more investment at this point, what are top 3 Large cap funds would you sugegst to invest at this point of time
irfan answers, hi, in the large cap segment we like funds like dsp ml top 100, hdfc equity and franklin bluechip. however, their inclusion in your portfolio depends on your existing portfolio and your investment goals.
raj asked, Hi, I have been investing in MF since last August with SIP. In the month of June and July 08 when sensex was hovering between 12.5-15k I invested considerable amount of sum as I can buy cheap funds. Is this decision of mine good or you think it should have been otherwise. Thanks in advance.
irfan answers, hi investing via an sip is a good idea. however, ensure that the sip is for a sufficiently long time. to know more please read our article https://www.personalfn.com/detail.asp?date=7/18/2008&story=1
RAM_007 asked, I invested Rs. 70k in ULIP (without life insurence coverage - Tax Benefit). Plz tell me appx. how much loss I have to bear if I had invested the same amount to MF (Tax benefit). I invested it in Dec. 2007. Was it a mistake? My friends are saying that within the 3 years (locking period), I will lose appx. Rs. 20k. Is it right. Plz tell. Will I gain some % money on it. Appx. how much % money I will gain.
irfan answers, hi, since ulips are market-linked it is not possible to predict returns. from your query its not very clear whether you have an independent insurance cover or not. if not, getting one is very important.
Ketan asked, Hi Irfan, looking at the market conditions, is SIP a good option to invest into? I have just started my first MF investment in ICICI Infra with 1000 SIP. Please suggest good MF, not considering the tax benefit.
irfan answers, hi, making your first mutual fund investment in an infrastructure fund is not a prudent way to invest. first build a core portfolio of conventional diversified equity funds/balanced funds before investing in high risk funds like infra funds.
Fakhruddin asked, Hi, I hve invstd in TATA Infrastructure Fund @ par in Dec 04'. The NAV shot to 45.465 in Jan 08'. After so much of Ups & downs, tday it stands at mere 27.835. Can I get ur opinion on what cud b the performance of this fund in the near future. And shud I remain invested expecting to get through the 45.46 benchmark or shud I redeem.
irfan answers, hi, dont worry. this is how thematic funds (infra) typically perform. so long as your risk appetite permits such an investment and you can time your exit from the fund (i.e. have a view on the theme), you should be fine.
kesarirs asked, Hello sir, I'm a self employed professional aged 34 yrs married & having only child aged 3.5 yrs. My total earnings at present are 32000 pm appx. My current monthly investments are: 3000 in reliance tax saver, 2000 reliance growth fund, 1000 in reliance regular savings fund equity and 2000 pm in Post Office RD. Please comment on the selection. I also want to know which fund(s), I should go for if I can afford additional 6,000 pm, out of which 2,000/- should go to an ELSS fund. Please suggest.
irfan answers, hi, your portfolio lacks diversification at the AMC level. good to know you have allocated a smaller portion of your portfolio to assured return schemes like PORD. without knowing what goal you have set for yourself, i will not be able to comment on how adequate/otherwise your investments are. maybe you can write to me at info@personalfn.com with more details.
anand asked, Mutual funds on dividend options have a tendency to allow the NAV to appreciate substantially before declaring dividends. Is there any guideline which make these funds declare
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