Hi,
I am in private service. I want to earn some money through mutual funds, but i have almost no idea. I can invest Rs 6000/ month in SIP. I am thinking of investing Rs 2000 in Axis long term equity fund or Reliance tax saver fund. Which of the two do you suggest for ELSS?
For the rest Rs 4000 I have no idea as to which fund should I invest in. Kindly suggest few funds.
I also want to invest Rs 50000 in liquid fund, kindly suggest some liquid fund suitable for me.
5 Answers
Hi,
May I know the investment horizon you are looking at for Equity fund investments/ELSS ? Axis LTE can be considered if you have a time-frame of atleast 5 years.
Kindly read:
Liquid Funds, kindly go through below articles;
Hi Sreekanth Thanks for the reply! Yes I can keep investing for 5-7 years in ELSS. So should I go for Axis LTE over Reliance Tax saver? I have gone through your articles, but i could not choose among the Equity MF and the Liquid funds. Can you suggest some in this categories? Regards D Sharma
Dear Sharma,
You may consider Axis LTE Fund. Equity Funds : You may consider - Franklin Prima Plus & HDFC Balanced Fund (for horizon of around 5 years).
May I know your investment objective to choose Liquid fund? What is your investment time-frame? If it is for short-term, you may have a look at Arbitrage Funds too. Example: ICICI Pru Equity Arbitrage Fund.
Dear Sreekanth Thanks for the guidance. It would have been difficult to invest my hard earned money without your guidance. I want to invest for short term in liquid fund. Should I go for ICICI Pru Arbitrage fund as suggested by you? A friend of mine has informed me about HDFC Dual Advantage Fund – II 1111 Days April 2016 . Should I invest in this? If yes what is the return that I could expect? Kindly suggest This is for my brother's investment: My brother only believes in SBI so can you suggest among SBI Blue chip (G), SBI Magnum Global(G), SBI Emmerging fund, SBI Magnum Midcap Direct (G). He intend to invest Rs 2000 for a span of 3 - 5 years. Should he go for these funds or should he opt for some other funds. Please suggest. Regards D Sharma
Hi,
An Arbitrage fund may give your returns of around 8 to 9% in say 2 to 3 years. The funds suggested by your friend is a Fixed Maturity Plan (FMP) for 3 years. If you would like to stay invested for 3 years then MIP can be a better option. Ex - Birla Sunlife MIP II Wealth 25 plan.
Read: Best MF MIP Schemes.
In terms of regulations, all fund houses are well regulated in India. Suggest your brother to diversify his MF investments across the fund houses.
You may suggest your brother to go through below articles;
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