Dear Srikanth,
My MF advisor suggested HDFC balanced fund . Heard that HDFC is not good a option to choose at this time and is likely to under perform in the coming days. Kindly opine!
3 Answers
Hi,
May I know on what basis this assumption has been made?
May I know your investment goals and time-frame?
Dear Srikanth,
1)Thanks for the reply. what i expressed about not choosing HDFC MF is not a professional opinion nor i believe its an authentic advise. Its only a comment made by my friend with common interests in investments and Mf's(when we were discussing about MF's). That's the reason for seeking your valuable opinion :).
2) About my goal and horizon- 20-25 lakhs in the next 6 years time for my son's higher education. Kindly suggest the options( Both SIP's and lumpsums).
3) I have opened an account in MF utility platform and got the CAN numbere also. Late on when i applied for the Payeez facility , the POS at my place is asking for a bank mandate which it says has a separate form from the payeez form. However i could not find a separate bank mandate form in the MF utility platform. i tried to mail the issue to MF utility but there is no response. what are my options? should i send another payeez form directly to MF utility corporate office?
Thanks and regards
Hi,
HDFC MF is one of the best fund houses in India. Kindly do not have any wrong perceptions on this!
1 - Kid's Education : You may consider investing in equity oriented balanced funds for the next 3 to 5 years and switch to safer avenues as the goal year approaches.
HDFC Balanced fund / ICICI Balanced fund etc can be considered.
Kindly read :
https://www.relakhs.com/calculate-kids-education-goal-amount/
2 - Sorry, I do not have information on this, as I am yet to use MF Utility platform.
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