Dear Mr. Sreekanth,
I would like to draw your kind attention that recently I've invested 5L in IIFL NCD. The tenure is for 5 years and option chosen is monthly interest payout. The payout is going to come 4060 (approx.). I'll add 940 into the paid interest and make it a round figure of 5000. I wanted to reinvest it into Bank RD/MF. One of my friend advised me for MF. He has suggested me 4 funds and told me to choose among them. They are as follows 1) HDFC Corp Bond Fund (G) 2) HDFC Hybrid Debt Fund (G) 3) ICICI Pru Regular Savings Fund (G) 4) ICICI Pru Short Term Fund (G).
I want to choose two funds and invest the interest amount into two parts as SIP for 60 months. So please advice me whether these funds are okay? Which two I can select? OR if you have any other suggestions, please advise.
Regards,
P K Biswas.
6 Answers
Dear Mr Biswas,
May I know what is your investment objective and time frame for this investment?
Do you already own any investments in MF? (Debt/Equity funds)
Dear Mr. Sreekanth,
My investment objective is to increase my wealth. Since this interest is coming from NCD for a period of 5 years/60 months.... so I'll keep invested with SIP for 60 months...... and later I'll decide after 60 months.
Yes already I've invested in Equity MF; there are 5 funds, four small/mid cap funds and one ELSS fund.
Hi,
If it is for creation of wealth, any specific reason for planning to invest in FDs/Debt funds? Is this part of your asset allocation strategy?
Yes this is purely creation of wealth. Some portion (40%) of my previous investment is in Equity market (MF & Direct Share), rest 60% are in Bank or PO investments. My Equity MF investment is through SIP and it is ongoing.
Now here I want to get assured return against this investment (from NCD interest). So I thought to invest in FDs/Debt fund to get assured interest. If you find any other good option, you can suggest me. You are the expert, so your suggestion will be respected and complied with 100% compliance.
Hi,
Thank you for your trust in my work and kind words!
If your investment objective is to get Assured return then kindly go ahead and invest in Bank Fixed Deposit.
The other possible assured return saving options can be 5 year NSC.
Kindly note that debt funds do not give assured / guaranteed returns.
You may kindly go through my latest article @
List of all Popular Investment Options in India – Features & Snapshot
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