Help on Investments & Financial Advice

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Himanshu Shekhar asked 9 years ago

Respected Sir, I purchased DSP BR small and mid Regular(G) on 18April,2017 with a NAV of rs.49.971 for 12years. Your feedback? Sir will fundsindia.com will be a safe portal for buying MF directly? Direct Plan... or any other portal ??? Thankyou!! Waiting for your valuable suggestions!! Sir I am planning to buy ICICI Prudential value discovery fund & ICICI Banking and financial for 14 & 17 years respectively with monthly SIP of rs1000 per month. Your words? and sir in discovery fund the minimum investment amount is being shown 5,000rs so does it mean that i will have to deposit 5,000rs per month? I saw in valueresearch.com. Waiting for your valuable advice!!

4 Answers

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Sreekanth Staff answered 9 years ago

Hi, Do you mean to say that you would like to invest in Direct plans of MF Schemes through FundsIndia portal? May be, the minimum amount to invest at the first instance can be Rs5,000 and later on SIPs can be set up for Rs 1,000. Kindly check on this in investment platform.. Sector oriented funds can be risky and cyclical.

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Himanshu Shekhar answered 9 years ago

Respected Sir,
Yes I meant that only! Through fundsindia.com I wanted to buy! Any other portal?
And I checked in investment platform and now I have understood. But Sir, what do you mean by Cyclical?? And I am ready to take maximum risk......since last time you told me to take risk for long term and be balanced for short.......so should i invest long term in banking & financial sector? Actually, I am very much impressed with ICICI banking & financial MF performance. Your words??

Thank You!!

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Sreekanth Staff answered 9 years ago

Hi, Kindly note that you can buy Regular plans only through FI portal. They get commission from Fund houses. Kindly go through below articles ; https://www.relakhs.com/direct-mutual-fund-plans-buy-online/ https://www.relakhs.com/mutual-fund-direct-plans-vs-regular-plans/ https://www.relakhs.com/mfutility-invest-direct-plans-mutual-fund-schemes-online/ Banking sector is poised for growth and there are lot of opportunities for this sector in India. Cyclical in the sense, there can periods of low performance due to internal or external factors related to economy. So, if you are ok with high risks associated with sector or thematic funds, you may invest in this Banking fund.

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Himanshu Shekhar answered 9 years ago

Thank you Sir!!