Lump sum investment for Long Term Goals

Q & A Forum › Category: Mutual Funds › Lump sum investment for Long Term Goals

ralkar80 asked 8 years ago

Hi Shreekant, I have invested in lumpsum as below: HDFC balance Fund: 450000 Franklin Smaller companies :200000 I have another 250000 and I am thinking to invest in L&T value fund or HDFC Midcap Opportunities Fund. I dont need this money atleast for 10 years and purpose is only wealth generation. If you suggest any fund other than these two that is also OK.

4 Answers

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Sreekanth Staff answered 8 years ago

Hi, Kindly note that based on SEBI norms, there have been lot of changes being proposed for mutual fund schemes. For ex : HDFC Balanced fund is renamed as HDFC Hybrid Equity fund. Suggest you to kindly continue with your investments in two existing funds. You may consider adding one Diversified Equity fund to your portfolio. Kindly read : https://www.relakhs.com/best-mutual-fund-schemes-sebi-norms/

Harleen replied 8 years ago

No official email from HDFC about the renaming of the HDFC balanced fund. This is bit concerning. Thanks for enlightening the readers. Appreciate it.

Sreekanth Staff replied 8 years ago

Hi.. The proposed changes are officially available in the AMC website.

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ralkar80 answered 8 years ago

Hi Shreekanth, Can you please suggest any one good divetsified fund?I dont have much knowledge in this areaand invested earlier reading your blogs only.But I dont see the list for 2018 best funds mentioned by you. Please suggest thinking that I dont need this money for 10-15 years. Regards, Shital

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ralkar80 answered 8 years ago

How is Aditya Birla sunlife advantage fund ? Is it diversified fund?

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Sreekanth Staff answered 8 years ago

Hi, You may consider Aditya Birla Sun Life Equity Fund.