Regarding SIP date Extension

Q & A Forum › Category: Mutual Funds › Regarding SIP date Extension

rajarajagopal asked 8 years ago

Hello Sree, Very Good Morning and Happy New Year. I have a small clarification on SIP date extension. I have started the below SIP on the following funds with end date as 10/04/2018 through MF Utility.

19851679 Franklin Build India Fund - Direct-GROWTH
2839614/86 L&T Infrastructure Fund Direct Plan - Growth

However, I wanted to extended this date. How can I extend the SIP end date to other date. Is there is any facility to modify the end date in MF Utility itself.? Because I checked in MF Utility. Did not find anything. or else Do I need write an email to MF Utility? Please help me on this. Thanks & Regards, Raja Rajagopal

4 Answers

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Sreekanth Staff answered 8 years ago

Dear Raja, I believe that there should be an option to extend the date. As of now, i am not using MFU so not aware of the available features that are in the platform. You may kindly contact their customer care.

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Sreekanth Staff answered 8 years ago

Thanks for the wishes & Happy new year to you as well!

rajarajagopal replied 8 years ago

Hi Sree,

Good Morning.

Once again for this year, investment. I have the following SIP’s. Currently I have only retirement plan. Shall I continue my SIP’s with same funds. Or Do I need to any changes?

Franklin Build India Fund – Direct Plan Rs.1000
L&T Infrastructure Fund – Direct Plan Rs.1000

ICICI Prudential Value Discovery Fund Rs. 2000

Franklin India Prima Plus Fund – Direct Plan Rs. 3000

Mirae Asset Emerging Bluechip Fund – RP Rs.2000
IDFC Premier Equity Fund – RP Rs. 2000

Franklin India Smaller Companies Fund Rs. 2000

HDFC Balanced Fund – Direct Plan Rs. 2000

I know very well, I have too much of fund in my portfolio. But somehow, I have started with my agent. Most of the funds started on 2016.

Please advise on this.

Also I had invested 1,00,000 in Tamil Nadu Power Finance & Infrastructure Development Corporation Ltd. and now it got matured with 1,19,150. Planning to re-invest this amount in the same for 2 years. Kindly advise me on this too.

Thanks & Regards,
Raja Rajagopal

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Sreekanth Staff answered 8 years ago

Dear Raja, Portfolio looks fine. Keep on eye on IDFC Premier fund and its performance. For a 2 year investment time-frame, you may consider Ultra short term (or) Short term debt funds. Ex : Franklin low duration fund etc.,

rajarajagopal replied 8 years ago

Thanks Sree. will consider the same. Mean while, Could you please suggest me a fund where I can invest this amount.

Thanks,
Raja Rajagopal

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Sreekanth Staff answered 8 years ago

Dear Raja, As mentioned in my previous answer, you may consider Short term debt fund like Franklin Low Duration fund and/or Conservative MIP funds like SBI MIP- Floater fund.

rajarajagopal replied 8 years ago

Thanks Sree