Jagoinvestor - Personal Finance Blog. Manish Chauhan Comments. Investment in how many mutual funds is enough? Many a times Investors invest in a large number of mutual funds which does not add any additional value to their portfolio most. They have to understand that investing in every new mutual fund coming into the market will not help them in any ways because after a point they have their investment in most of the companies in stock market. In this article lets see how many mutual funds a common man should invest in general.

We sometimes neglect the basic reason to invest in mutual fundsthe reason is very simple:. We invest in Mutual Fund because we have money to invest but we dont have the expertise to invest in Stock Market. We do not want to spend time to manage the investments directly in different stocks and we want to make sure that we diversify our investment across a number of different companies.

I conducted a Poll on this topic and we have some interesting results. Each mutual fund on an average invest in at least companies.

If you buy mutual funds then you are anyways going to invest in close to companies overall considering there will be some overlaps.

So If you buy any equity diversified mutual fundsyour money is going to be invested in some of the best companies probably of them. Now when you buy another Equity diversified mutual fund there are high chances that the money is going to be invested in almost same set of companies in some proportion, so you are going to invest in same set of companies again. Buying 2nd mutual fund of same category will obviously increase your reach to some companies which were not part of the 1st mutual fund.

But now as and when you add 3rd, 4th or 5th mutual fund, you will actually be invested indirectly to same set of companies.

The price movement of these companies share prices will be same for all the mutual funds most probably. So what you have to understand is that after a certain point, adding more mutual funds of the same category is of no much value for the portfolio. Adding more number of mutual funds leads to another problem which is tracking problem if you are a kind of investor who buys a mutual funds and just looks at the NAV to find out if you are in profit or loss then you are not doing right thing.

So if you have too many mutual funds in your portfolio, it will be too tough to track them and your portfolio will be very cluttered. You have to understand that investment of 1 lac in 20 mutual fund will roughly behave in the same way as investment in 5 mutual funds because finally the investment has happened in shares of top companies roughly the same number of sharesso the investment value is result of the underlying share prices movement and not the number of mutual funds in the portfolio.

You can ask two basic questions to yourself to find out if your portfolio size is too big for yourself:. Note that Equity Diversified Mutual funds will cover almost all the big companies in your portfolio. Some ETF or index fund will give index level exposure and make sure you invest in top companies. Debt funds will add exposure to Debt part and no-correlation with Equity. Most of the people do not invest in the same old fund they have bought, they feel that buying every other mutual funds in market will some way help them earn extra returns which is far from truth.

Consistency in investment and faith in one of the good funds you have chosen is the right way to invest in mutual fund. So a single mutual fund has the highest standard deviation and the risk and return can be very high. Adding more funds will help in reducing the standard deviation of the portfolio.

As per Morning Star Research Many thanks to Hemant Beniwal for sharing this. After 4 funds, the effect of adding another fund diminished. Thus, once you own between 7 and 10 funds, there may be no need for more.

In fact, the more funds you own, the more likely you are to own at least a couple that do practically the same thing. That could be a drag on your returns because if you have multiple funds doing the same thing, one is likely to be better than the others. November 25, at 2: November 15, at 4: Q1 Is portfoilio too large? Q2 Is portfolio diversified? November 16, at 3: November 16, at 6: November 26, at 6: November 13, at Hi Manish, I am 27 yr old and have just started earning.

I have moderate risk profile. Would like your inputs on my portfolio 1. DSP BlackRock Micro Cap Fund 1. Franklin I Smaller Cos G 1. ICICI PruValue Discovery Fund 1. Birla Sun Life Tax Relief 96 5K. November 14, at November 4, at 9: I as a minimalist i prefer simple portfolio. So I chose Franklin India Bluechip fund and I am doing SIP and occasional lump sum.

Returns are good and I believe risk is small because of Bluechip. What I am doing is correct or should I be adding more funds? November 5, at 9: October 25, at Manish,Personally I am thankful to you for providing your ideas in the world for investors.

I have one query. My portfolio consists of 1. BSL tax releif 96………. We dont want to put money in Pf of FD these days due to very pow return. October 26, at 6: November 8, at September 10, at Axis Long Term Equity Fund — Growth Rs. Please suggest if I continue investing in these funds or do in need to make modifications in this.

September 12, at 1: November 24, at Sip Investment 1 Sbi blue chip fund 2 Tata Balanced Fund 3 Hdfc prudence fund 4 icici valve discovery fund 5 birla sunlife equity fund November 25, at November 25, at 1: I think is the max you should go with.

Do you need our teams support in documentation and overall help? Just fill this form incase you are willing to invest in mutual funds with Jagoinvestor? January 27, at 7: I have started an SIP of Rs. Multicap — Motilal Oswal MOSt Focused Multicap 35 Fund — Direct Plan G — I have already opened an account with Motilal Oswal with Rs.

I am thinking to switch from Reliance Retirement Fund. How my remaining fund selection looks like? Any change is required? Secondly, i am thinking to do do lumsum investment around K in Motilal Oswal MOSt Shares NASDAQ — ETF Fund. Brief about me I am 34 years old, have one daughter. December 6, at 4: Thanks for your valuable site! ELSS which one is best 2. Axis Long Term Equity Fund 3.

ICICI Prudential Long Term Equity Fund Tax Saving — Regular Plan 4. Reliance Tax Saver ELSS 5. Above is not good, can you suggest some other choice? December 8, at 1: May 20, at 5: I started reading about MFs from past few months and got some understanding.

I recently Jan 15 — till now invested in the following and these are the only two MFs i own so far- 1. Axis Equity Fund — Direct Plan G 2. Both of them i have put equal amount, these were all one time purchase. May 21, at I am Reading on several mutual fund sites that Major Portion of Investment should be in Large cap Funds and then the Mid and Small cap Funds.

May 29, at 1: There is no suggestion which is common for all. The suggestion for you will be as per your risk profiling and what you need. January 20, at I do invest in FD Yly. Please let me know the following: January 22, at 5: I think you should go for a proper advisor who can restructure your portfolio … On a very high level basis, you first need to learn a bit on mutual funds and then. Invest in funds like HDFC topDSPBR top 2.

Yes, see if you should make some policies as PAID UP. September 10, at 1: Currently I am investing in per month HDFC top I am planning for retiement after 15 years. HDFC top existing investment Franklin Blue Chip Canara Robocco IDFC Primer Reliance Pharma Recurring depost with 9. I added Reliance pharma, as I thought exposure to health sector is less in the above port folio.

But I am not sure of it. March 31, at 3: Hii want to invest in mutual funds through SIP. March 31, at You can start with HDFC Prudence, DSPBR top etcSIP has to be paid each month. If you are doing investments manually each month with out SIPthen you can invest whenever you wantwhatever amount you want!

February 19, at 3: Manish, in your book there is a passing reference to Index Fund. Should I prefer HDFC Index to HDFC Equity for my retirement plan its 25 yrs away?

February 21, at 3: Index fund are suggested to those who really want to be free of any monitoriing and believe in long term equity story. February 18, at 9: Pl tell me if it is advisable to have diversification based on Fund Houses as well?

February 19, at 1: Yea it would be a good idea to diverdify across atleast 2 funds houses. January 5, at I really appreciate your efforts to enlighten people like me.

Also, I want to thank all others who have actively participated on the Blog with valuable insight. I am investing in SIP pattern but at my will every month 2. I want to keep Equity: I understand that Gold BeES would act as Hedge for me 4. I am also investing in PPF, LIC, Term Insurance etc. I am not interested in TAX Saving MFs as I am saving Tax through other means. January 5, at 2: You can ask your queries at Forum: January 3, at 8: Hi, Would like your inputs on confusion facing since couple of months.

Have identified the following funds and just want to invest them out of the fact that they all are good, still not sure how they will help me touch my goals of good retirement life, kids education and so on: HDFC Top 2.

Quantum Long term 5. Planning to Invest 1. DSP BR Top for kid 2. Birla dividend yield plus 4. HDFC MIP LT Absolutely appreciate your inputs on clearing my mind and confusion. November 19, at 8: Though there are instructions from the Board that in such cases of scrutiny on the basis of AIR information, the assessment proceeding should be conducted in such a manner that there should be no harassment of assessee. These guidelines and instructions are being blatantly flouted by the authorities and the assessments are being made as normal scrutiny assessments.

Though these instructions are binding on Income Tax Authorities but even the Appellate Authorities are not interfering in cases where the assessments are being made in violation of instructions. It has been held in various judicial pronouncements that these instructions by the board are binding on authorities, subordinate to it and this is the duty of the Court to uphold the sanctity of such instructions in the interest of transparency in administration and public policy.

November 19, at November 19, at 1: Dear Manish I have one more reason to keep multiple mutual fundwhen your investment amount is more. Reporting in annual information report is criteria for compulsory scrutiny by income tax authority. November 19, at 2: That was a new information for mecan you give more info or some links to read on this matter?

November 19, at 9: Manish, I tried and tried but could not register. I can see your query here http: November 18, at 8: Manish, As we both are 31 our investment are high on equity. We plan to add more debt component in future. At present our investment is as follows: Plan is to continue for atleast 15 years. We also invest in PPF each month regularly. Is my portfolio O. Is any change necessary? November 18, at Please ask portfolio related questions here: You have to create a login id at http: Manish, At present our investment is as follows: HDFC top Reliance growth-rs.

November 6, at 5: We really appreciate your effort and wish you happy deepawali. October 11, at 8: Kudos to you for keeping a very highly informative online depository of financial information. Myself — 13 schemes — Returns — I keep a track of all these funds through money control and also update information as per the actual units received for the MF house.

Some of the schemes do overlap and we also have same MF in dividend re-invest and growth options too. This would be ratified once DTC comes in place.

The funda of mine to keep so many funds is simple, as we have multiple goals it is easy for me to allocate the Funds to those. The core portfolio consists of Reliance Diversified Power Sector Fund HDFC Prudence Fund SBI Magnum Contra Fund Reliance Growth Fund DSP BR Equity Fund By having multiple funds it is also easy for me to remove the non-performing funds to take care of short term goals.

So I think it is an individuals choice on the number of Mutual Funds to keep if and only if the person is able to manage those properly. And you are perfectly right in stating the funds is the number a person should have. October 11, at 9: Great to hear thatwhat is the CAGR return of those funds? October 11, at If it is long term such as for buying a house or retirement then a mix and match is required.

But for mid-term goals such as down payment for a vehicle, planning for a holiday or for household purchase a single fund is easier to mange. October 14, at 7: September 20, at 9: You are doing a great job! I have recommended your site to my friends who wants to plan for their future…Keep it up!

I have invested in the following funds. I have also started SIP in the following funds for 5 years. I have invested in stocks before and i have sold most of them as i do not have much time to follow stock market myself.

Let me know what do you think about my investment? Any tips or suggestion to correct my investment. September 20, at Too many mutual fundsWhat is solved by so much of funds, you can have just 5 funds and thats all. Most of these look like equity fundsso there is no need of so manyIts like a school hires 10 physics teachers?

September 13, at 2: Atlast decided to invest in MF thorugh SIP and the person in HDFC suggested me these funds below and it has been 2 installments now. September 13, at 3: July 3, at 3: Each year pick 5 funds 1 Midcap, 1 Large cap and 3 top funds rating based on valueresearchonline and easymf. Do a SIP for 12 months.

I run them against mutual fund comparator in http: Keep the fund for three-five years. Plan a SWP and put the money into a PPF. Now that we can have ppf per person in the family, this is not an issue. July 3, at Wont this lead to a clutter of mutual funds in some years. How will you maintain so many mutual funds and track them? July 9, at I am in a similar situation. I have 28 funds and I maintain it using Microsoft Money software that I bought long time back.

I can get any of my fund performance details within minutes without visiting any websites. It gives SPI reminders and all I do is just update the SPI unit details every month from the MF statement.

July 15, at I think you should get rid of most of it and only have funds max. What is the reason of having so manyyou wont get any benefit from return point. July 19, at 3: Thank you and I am learning a lot from your site and blogs. July 10, at 5: June 24, at June 16, at But before that i need to know that if it is right time for investment in this sector. I am already having investment in Canera Rebeco Tax saver, SBI Magnum Tax saver, Sundaram tax Saver, SBI Magnum Contra, Sundaram SMILE. Tata Indo Global Infrastructure negative return.

Can you please advise? August 7, at 2: June 8, at 6: How is SIP insure from reliance? Can u explain it in detail? June 10, at June 4, at 3: Hi Manish I have SIP of in HDFC TOP and reliance growth taken for long term 25 years. Which fund will be better from below list considering my current SIP. June 4, at June 7, at Understand that you are stressing too much on selection of funds. Even though it mattersbut the main thing is consistency in investmetns and your disciplinethese things will be constantthe ever changing thigns will be funds name every year.

May 26, at 6: Dear Manish, Thanks for the reply. Kindly suggest if these funds are good to invest in or do you have an other suggestion. May 26, at 8: Most of them are good funds. You should see which all suit your requirement and start investmenthow did you come at figure of 6k per month? May 27, at 1: Thats what I can afford around 30 to 36 thousand in total per month. Thats the reason I arrived with 6 thousand per fund. If you have any suggestion please do suggest.

May 25, at 6: Have been reading your blog since long. It just happened by mistake that I went to your blog and found it intresting. Hence an intrest of investing into mutual funds has developed in me though very late. I am 42 now with 2 kids and wife. I have opened Demat account and mutual fund account I dont know what it is called will be opened in a week or so.

Kindly brief me if they are good for a start and for a long term of around yrs. I have cash in hand about 3 lakhs to start investing in them. Since my Demat account opened I invested Rs. May 26, at 9: It does not exist. So create a list of some good funds 10 funds and then choose out of them without any consideration. It will not matter much from returns point at the endeven if it doesyou cant do anything.

May 14, at I want to invest Rs every month through SIP in 5 MF for 5 years i have selected 9 Mutual Fund as mentioned below to invest. Reliance Equity Oppor — RP G ICICI Pru Discovery Fund G HDFC Top Fund G HDFC Equity Fund G UTI Dividend Yield Fund G Sundaram S. E Fund G UTI Master Value Fund G Birla SL Frontline Equity -A G ICICI Pru Dynamic Plan G. May 14, at 8: May 10, at 1: Can you suggest me if any changes required or ant MF i need to add or remove from my portfolio?

Difference between Growth and DIvident option in mutual funds

May 7, at 5: Huge Diversification of mutual funds donot help as these mutual funds are already well diversified. The need of hour is not huge diversification but well and balanced diversification. If an ordinary investor wants to enjoy the maximum benefit he should try to limit to 10 mutual fund schemes at max. May 7, at 6: Yupbut even 10 is on higher side, dont you think it should be if all are equity funds10 makes sense when one has different class of funds. May 7, at By the way, I am just a common mf investor.

I did all the work to decide on those 7 funds. Manish, Is there any article on International equity funds, international commodity funds and International Real Estate funds REIT funds? I found there are very few in india? I know that there is a currency exchange rate risk twice foreign currency of the stock invested to USD and USD to home currency, that isIndia apart from political risks. Commodity funds are more riskier than general stocks I think.

Can you or anybody explain that? May 7, at 2: Not muchI wrote one about REIT long back but it was just about the concept and not the names of the REIT. I invested in 7 funds. You can easily guess their names. Fund of funds Does not invest in its own funds. It only invests in other AMC funds. You can easily guess this too as I think there is only one such fund in indian eq mf industry. After buying them I thought, it is better to buy one fund of funds than the other 4 funds.

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Anyway I am keeping them as of now. May 9, at ING Optimix 5 star fund of funds. ETIFs are niftybees and juniorbees. April 28, at 5: Sir, I am retiring this month and intend to invest 15 lacs as under: PO NSC 4 lacs 3.

HDFC Top 2 lacs 4. HDFC Prudence 1 lac 5. Sundram BNP paribas select midcap 1 lac 7. Birla frontline equity Plan A 1 lac 8DSP BR equity 1 lac UTI Mahila units. April 28, at 8: Your motive should be to get a decent stable monthly income from your investments. If you are not putting money for monthly incomebut for pure investmentsthen it might be okbetter take debt oriented funds or balanced but not pure equity. May 10, at 5: April 23, at 8: Further to the above information I am basically from a lower middle class family.

I want to know how can i plan my finance and build my wealth over long term. Pls give me ur suggestion -Sathish. April 24, at You have good money and time in handinvest in equity aggresively: April 27, at 6: According to that calculation 1 I have to invest at least Rs. At this point following questions arise from my mind. My one more doubt is what must be the proportion of large cap in my portfolio in case if i have to increase my contribution to say a 6.

In those 2 cases how much money i should allocate to each fund? Since i am aiming for long term returns i want to select the best of the best fund which will be steadily growing even after 35 years successfully. Please give me ur suggestions. I am very new to this mutual fund. But willing to take little bit more than average risk. Also having plan of buying house after 5 years. How should I go about now?

As of now almost i have zero expenditure since dad is looking after day to day expenditures. So i have to plan accordingly. Dear Manish, Already I have taken the following mutual funds through SIP 1 Sundaram BNP smile — Growth —Rs. Now I want to invest Rs. Other than above 8 if any other fund is good for long term 10 years please mention them -Sathish.

April 25, at 7: Dear manish, Thanks for your quick response. I am going to continue the 3 funds which i already have. In addition I need ur suggestion to choose any 2 funds from the list of 8 i have given for further investment.

If best fund is not in my list of 8 pls u mention where i should invest. April 25, at You should continue with your 3 funds onlydont take another 2just because the average number has come to does not mean 3 is not good. April 26, at 6: April 28, at April 23, at 4: A superb blog you have here, i am only reading your blog since stockq world market indices to four days, i like the way you interact with people who post comments on yoour blog, Very informative and esy to apply kind of information.

I had put up a query earlier in one of the blogs still waiting for your reply on that one, My next qs is here I have recently started SIPs in Mutual funds Reliance Growth Dividend ICICI Pru Dynamic plan Divedend Now I plan to start 3 more SIPs in these funds, do give me ur feedback. Reliance Regular savings Fund 3. ICICI Pru discovery 4. One Index fund may be Templeton India. How are you choosing make money auto title loan charleston sc What is your risk appetite and your time horizon?

HDFC Prudence is a balanced fund, RRSF is a very aggresive onewhich one is your type? What is the reason to choose dividend optiondo you want a small share of your money every year? April 27, at I do have time in hand to see my portfolio grow and no needs in the immediate future for the money i am investing. Along with these I also regularly put money in My PPF account. I have downloaded all your calculators and have used them to understand my requirements and am now planning my investments My next qs is what are the advantages and disadvantages of Dividend option and growth option.

If you have already dealth with this topic i any earler blogs do send me the link. Keep up the good work. April 19, at Hi,i have one question how are returns calculated in sip as money is invested on monthly basiswould appreciate if u can explain with an example.

Would also like to know your views on my sips started in july April 21, at 9: You dont know the interest in advance. Your interest is the function of NAV increase and not vice versa. April 22, at 5: Thanks for the replyand any thoughts regarding my investments.

I am planning to start in following sip from next monthwould how i get yocash on yoville your comments on that too: April 22, at April 10, at 1: I am newcomer on your site and its just fantastic and knowledgeable for us.

I have one question to ask here. I have a Demat account with Sharekhan from last one year. To be honest, my interest in buying stocks is very less and I have not really purchase anything Stock or MF with online Demat. I bought small amount of mutual funds back in and that time I bought it using Agent. Now, I can see that one can buy Mutual Funds online I am thinking to buy using my demat account with sharekhan. Do you suggest that? As per my knowledge currently mutual funds do not have any entry OR exit load Which is stock exchange of thailand set index series 2.

In this case, how that will go if I buy them online using demat account with sharekhan? Will they charge any commission in that case…any idea?

In case tomorrow if I close my demat account then what happens with my MF that I bought online using sharekhan demat account? April 10, at 9: These online portals are just agentsyou can always transfer your mutual funds from one agent to another with a formits simpleso if sharekhan goes away tommyou just have to fill a form which will shift your funds from sharekhan to some one else.

April 12, at 8: Thanks for quick reply! I got your point about transferring funds from one agent to another if required. But is it mandatory to have agent between a customer and MF company??

Also, if I buy MF online can I specify details such as nominees as we normally do with an agent? My problem is that currently not in India so looking for a easy and safer way to invest in MF considering a long term future. If you are out of indiathe best thing for you would be either do investment using demat account profitable grid trading system through FundsIndia they support NRI.

April 1, at But it is very simple, no paperwork, you can buy almost all AMC mfs via this. But, Is there any other way where I can buy with less transaction cost? I know one way is to directly buy from corresponding AMC. But is it possible practically to visit AMCs and buy from them? Is there any other easy way? How you guys are doing? April 1, at 9: This is the portfolio which I am thinking of going ahead with starting the first week of the current financial year.

I also wanted to know if it will be interesting to add an element of two things in the diversified portfolio: Dividend Yield funds like UTI Dividend Yield Fund for baby phat stock market ValueResearch 5 star 2. Opportunity funds like UTI Opportunities or DWS Opportunities VR 5 and 4 star. Please advise so that I can get going right from the start of the year for some good longish period of time.

March 29, at 3: Congratulations for a brilliant article. I believe the real problem here is that people does not try to understand the Mutual fund schemes and want to make some quick money like in the stock market.

They generally confuse NFO with IPOs Thanks to the agent and try buying all the new NFOs expecting a huge return in the short term. This results nifty option strategy for today having more than 10 MFs in their portfolios.

Also when FY year end arrives they try to put their money what ever ELSS the agent suggest. I believe MF scheme also needs to be studied in detail and then make a decision as per your needs. I believe if one has a good appettite for risk he can invest in 2 large cap equity, 1 diversified and 1 small and mid cap.

Also you have to look at the Fund what is nifty options trading track record. Since Infra is theme for the year one can look to invest in this also. But like you do with your bank account you have to review your portfolio evry 3 months and then modify it if required.

March 29, at 4: March 26, at 9: March 25, at 9: Dear Manish My current sip amounts to 1. Is it good idea? Which should be that single fund for that withdrawal if market rises today? Which should be that single fund for that supplement if market falls today? Which are the funds you recommend to reduce at present? March 25, at Doing tax implications of cashing in stock options kind of analysis for you will take too much to time and effortI would say have a look at the since inception and last 5 yrs return and prune the other fundsThis is a good method but not the best.

Dont stop or reduce the SIP amountbecause then you are timing the market which is not why you are doing SIPthe reason for SIP itself is to be present in market in all the conditions. At the end its consistency and discipline which will payoff and not reducing and increasing the SIP amount. March 24, at 9: Dear Manish, Excellent depth of Knwoledge.

I Have just started SIP in 1. HDFC Equity 25k 2. HDFC Top 25k 3. Birla Frontline Equity 25k 4. Reliance Growth 10k 6. ICICI Discovery 10k 7. Birla Midcap 10k 8. Sundaram Select Midcap 10k 9. Uti Div Yield 10k 10FT Dynamic PE 10k Dsp Equity 10k HDFC Tax Saver 2. March 24, at March 22, at I currently have 3 SIPs in Equity Divercified Mutual funds 1.

DSP BR Equity 3. Am planning to re-do my portfolio as below since i am planning to invest more money via SIP. I plan to invest and stay invested for yrs or more. Manish, Srinivas and members of this blog, please share your views. Also plan to stop SIP on Reliance Vision.

Your valuable inputs are highly appreciated. DSP BR Equity-G 2. Sundaram BNP Select Midcap-G. Reliance Power Divercified-G 2. March 29, at 1: Hi Anu, HDFC top and BSL frontline invests in BSE index, though you are investing in two different funds, it is not called diversification.

I suggest 2 equity diversified funds HDFC top and Sundaram BNP Select Midcap-G Regarding sectoral funds, they are risky and rewards also more, it suits smart investors who are able to understand the sector, budget and policies, when to exit the fund. March 21, at 2: Dear Sir,I choosing a brokerage for option trading in sharekhan planned a SIP for children education,of Rs.

Below are my funds. Large Cap — HDFC Top — Rs. Is these funds good? Will I be able to achieve Rs. March 21, at 1: March 20, at 8: March 19, at 9: I mean to say if i invest my money in all equity schemes of MF launched by A, B and C: Thats what I observed. If most of the MFs claim to invest in sectors like banking and tech choosing a brokerage for option trading in sharekhan why is the diffn in NAV?

For me NAV is what make me profitable, right? March 19, at Even though A,B,C claim to invest in same sectorthe companies can differ and the proportion tooso the difference in NAV is obviousalso how they churn their portfolio also matters. March 12, at 1: I have been seeing too many mails from people trying to restructure their portfolios thru the article. Can we please put an end to such practice. There are various other avenues where people can look at information about performance of funds and take their decisions.

Its some effort but lot more fruitful to oneself. Otherwise they can always look upto a financial planner. For example, these articles have really changed the way I have started looking at my portfolio and various instruments.

An important area is insurance where my viewpoint has drastically changed through all the well meaning portals. March 15, at March 12, at 2: March 11, at 6: If yes in general how much are the charges?

March 11, at 7: March 11, at 5: PPFfor short term: It looks good in general. March 10, at 5: SBI gold ETF I agree when you say that around 4 are enough. March 8, at 9: Is the market going to rise upto 20, level.

March 6, at The other funds mentioned in my MF portfolio will they serve to provide decent returns over a year time frame. Equity Diversified HDFC Top Fund Sundaram BNP Paribas Select Midcap DSPBR Equity. In lot of your posts I have seen ELSS funds being mentioned as a part of the portfolio.

I already exceed my 80C limits, will it be beneficial for me to invest in ELSS funds since their required a 3 year lock-in period and may not serve me any tax benefit.

If you have already reached 80C limit, then no need to invest in ELSS. What is your 80C portfolio? March 6, at 1: Want to reduce the size of portfolio for better management.

Can you please help in choosing or filtering few of them. I understand same category is repeated in these funds. It could be great if portfolio can be reduced to funds. Reliance Regular Savngs Equity — G Reliance Growth — G Rel Power Sector Fund — G.

SBI Magnum Contra — G ICICI Discovery — G IDFC Premier Equity Plan A — G. Forex factory elliott wave 6, at 5: Having minimal number of MFs exposed to large mid small cap is easy for tracking also. My suggestions are as follows: HDFC Top — G -Continue HDFC Equity — G — STP to HDFC top Birla Sunlife Midcap — G — Tsx stock market listing Birla Sunlife Frontline Equity — G — Exit.

Reliance Regular Savngs Equity — G If you are not happy with earnings money with adsense tips 2 equity diversified then consider this as third one otherwise exit Reliance Growth — G — Exit Rel Power Sector Fund — G — Exit.

Sundaram SMILE — G — STP to Select Midcap Sundaram Select Midcap — G — Continue. SBI Magnum Contra — G — Exit ICICI Discovery — G — Exit IDFC Premier Equity Plan A — G — Exit. March 6, at 9: Srinivas, But finally you chose only one fund in each category and totally three only.

I think we can add 2 to 3 funds more to my portfolio. Currently you have filtered these HDFC Top — G -Continue Sundaram Select Midcap — G — Continue HDFC Prudence — G — Continue.

You can add 2 ELSS funds. Read best ELSS funds for this year here. March 5, at It helps general investors like us get a fairer forex short seller ea. Reliance Long Term Equity Fund G HDFC Pru Fund D Magnum Comma Fund G HSBC Tax Saver Equity Fund G Magnum Sector Fund Unbrella Contra Forex rate in pak rupees Reliance Infrastructure Fund G Reliance Equity Linked D DSP Black Rock TIGER Fund D Many thanks.

First decide on number. March 5, at 1: Guha, Looks like you are in a race to make all mutual funds companies happier as I can see all companies funds in your portfolio. Receiving dividends in odd time does not serve financial goal. I suggest shift to growth option redeem all and invest in growth way.

Reliance Long Term Equity Fund G — exit HDFC Pru Fund D — Redeem and invest back in Growth option Magnum Comma Fund G — Exit HSBC Tax Saver Equity Fund G — Exit if 3 years over Magnum Sector Fund Unbrella Contra G — Exit Reliance Infrastructure Fund G -Exit Reliance Equity Linked D — Exit DSP Black Rock TIGER Fund D — Exit.

HDFC tax saver or Sundaram BP tax saver Read my blog: March 4, at 8: Hi Srinivas, Thanks for the feedback. Following are the funds in which I am investing: Reliance Growth Fund HDFC Top Fund Sundaram BNP Paribas Select Midcap DSPBR Equity. Debt fund for long term like you mentioned is not good. Instead go for Balanced fund like HDFC Prudence. Though all the funds you have mentioned are good. If you are not comfortable with ETF direct trading you can go for index fund with low expense ratio and low tracking error.

March 4, at 7: Further on debt funds I am planning to have the following split: The major reason for investment in these debt funds is for corporate forex hedging and to generate enough returns which can supersede interest rates provided on fixed deposits along with tax benefits.

I dont have much insight in index funds, so I picked the one that seem to have done better in comparison to other index funds over a five year time frame. March 2, at Hi Manish, After receiving the valuable suggestions from you and other member of the forum I made some major modifications to my portfolio. Given below is the revised list: LICMF Floating Rate ST Floating Rate ST LIC MF Liquid Fund Liquid Funds Templeton India Short Term Income Fund — Growth Short Term Bond funds Reliance Money Manager — Liquid plus.

March 4, at Fx rate euro singapore dollar is the reason of funds in Debt portfolio? Can you explain each of them? Do you understand what they do and how will they help you? For index fund why dont you choose a pure nifty fund from benchmark? March 2, at 7: SrinivasThats an interesting pointI have never considered that.

May be i should change my way. Whats your view on keeping a part of your portfolio in Gold. March 2, at 8: I will be writing a detail article in coming days for gold investment. I would like to do more study and in-depth analysis of each investment vehicle so save single paisa. In your case, stop gold ETF right away and start RD from ICICI online if you have other bank account see interest rate and convenience.

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Why do you suggest RD instead of Gold ETF? Hi Manish, I am also in favor of investing in gold but only after all types of diversification is done.

As you know investing in gold is not for its returns, instead against inflation, currency. Investing in gold ETF is the best way of investing in gold.

Gold has performed well in bear market better in recession time. When Rupee appreciates then gold depreciates. See gold ETF returns for last 6 months at 8. I have taken March 5th to Feb 5thNAV on 5th of every month. This example is for HDFC brokerages 0. March 5, at 6: So if its a short term thing then RD would makes sense as the volatility from GOLD can be high. What reasons you can think of for Gold not moving forward from this point a lot? March 1, at 5: HDFC Top Rs. Benchmark Gold ETP Rs.

Does any one have a strong reason for or Against Magnum Contra? Contra funds are not bad. March 1, at 6: I understand what Contra Investment style is. Following is a Value Research analysis In its initial years, its contrarian sector moves and concentrated stock allocations made it an awfully bold choice. Its brash allocation to metals and auto in the yearis a case in point. Inwhen other diversified equity funds were bullish on FMCG, this fund avoided these sectoral stocks.

It stayed underweight on healthcare but remained bullish on auto. However, somewhere down the road, it has transformed into a diversified equity offering. It tends to stick more with consensus sectors. Debashish, Having many funds of same category does not add diversification.

HDFC TOp and Reliance growth are better than Magnum contra. Because DSPBR is invests in Top which is again same as HDFC TOp and Reliance growth. I read some report, Midcap companies are the growth story of the next decade. March 1, at 7: I see you are investing in GOLD ETF every month Rs, I hope you understand gold ETFs are not preferred for returns instead it is hedge against currency and inflation. March 1, at 8: SrinivasThanks for meaning of speculators in stock exchange replyyes I understand Gold ETF does not give great returnI am using it more for saving for jewelery for my sisters wedding yrs and not for longterm.

Also I was Talking abt DSP BR Equity not DSP BR Top which is a diversified fund with more tilted to Midcaps. Does is make sense to chose 2 Mid caps DSP BR Equity and Sundaram Select Midcap. I just had a look at DSPBR equity and sundaram portfolio details.

Sundaram is risk grade is above average. Considering the you have other funds which have large exposure to large cap. I suggest you can take some risk and go with Sundaram. Adding DSPBR equity does not make sense. Srinivas Thanks My Idea was to make a monthly SIP of 5K for HDFC Topand 3 quarterly SIP of 3 diff funds 7. March 2, at 6: I suggest better to stay with 2 funds. Instead of going for quarterly, I suggest go for monthly SIP of 3. If your HDFC SIP date is on 5th then Make Reliance growth SIP on 15th and Sundaram on 25th.

Monthly SIP of little amount is better than quarterly huge amount. See my blog http: Few more questions for you. Do you know how much brokerage charges, tax you are paying?

I am using ICICI direct for ETFsMFs and direct stocks. ICICI direct charges Rs. ICICI direct is more costlier then other brokerage houses but I use it more for a convenience factor. Though I know, it is not a wise reason for you to invest in gold ETF for 3 years term for your sister marriage. I was just curious to know if any other benefits you worked out before commenting. With these brokerage charges, you will be under loss. February 28, at 7: Dear Manish, My portfolio is as below.

Fund Invested Value, Rs. Fund — Growth-Regular 20, 18, 6 DSP Merrill Lynch Opportunities Fund — Growth — Regular 20, 20, 7 DSP BlackRock Top Equity -Dividend Reinvestment 20, 22, 8 HDFC Infrastructure Fund-growth 10, 10, 9 HDFC Top Fund — Dividend 60, 54, 10 HSBC Unique Opportunity Fund -growth 10, 9, 11 ICICI Prudential Fusion Fund Series-III- Retail Growth 5, 5, 12 PruICICI Infrastructure Fund —Dividend 22, 13, 13 ICICI Prudential FMP series Plan A-Retail Cumulative 18M 50, 50, 14 IDFC Premier Equity Fund — Plan A —Growth 25, 32, 15 Kotak Opportunities- Growth 20, 19, 16 Reliance growth fund-dividend plan — dividend reinvestment 15, 18, 17 Reliance Infrastructure 5, 5, 18 Reliance Regular Savings Equity fund — growth option 10, 41, 19 Reliance Natural Resources Fund — Dividend 10, 9, 20 Reliance Vision Fund 55, 95, 21 Reliance Diversified Power Sector Fund 22, 51, 22 SBI Magnum Global Fund 60, 54, 23 Sundaram Select Midcap Fund Dividend 60, 49, 24 Sundaram CAPEX — Growth 25, 25, 25 Tata Infrastructure Fund-Growth 15, 13, Total, Rs.

After reading your blog, I want to bring down the number of Mutual Funds in my portfolio as below. B Balanced Funds — 2 nos. C ELSS — 2 nos. Please suggest me what to do now? Which MF should I kept for long term say for 10 years horizon. Can I do Systematic transfer? How to do it? March 1, at Its difficult to comment on each fundhowever your idea of keeping funds is good. It would be practically and humanlly difficult to prune existing funds list.

Fund — Growth-Regular — Exit 6 DSP Merrill Lynch Opportunities Fund — Growth — Regular — exit 7 DSP BlackRock Top Equity -Dividend Reinvestment — Continue 8 HDFC Infrastructure Fund-growth — Exit 9 HDFC Top Fund — Dividend — continue 10 HSBC Unique Opportunity Fund -growth — Exit 11 ICICI Prudential Fusion Fund Series-III- Retail Growth — STP 12 PruICICI Infrastructure Fund —Dividend — Exit 13 ICICI Prudential FMP series Plan A-Retail Cumulative 18M — Contiune till maturity 14 IDFC Premier Equity Fund — Plan A —Growth — Exit 15 Kotak Opportunities- Growth — Exit 16 Reliance growth fund-dividend plan — dividend reinvestment — STP 17 Reliance Infrastructure — Exit 18 Reliance Regular Savings Equity fund — growth option — continue 19 Reliance Natural Resources Fund — Dividend — Exit 20 Reliance Vision Fund — Exit 21 Reliance Diversified Power Sector Fund — Exit 22 SBI Magnum Global Fund — Exit 23 Sundaram Select Midcap Fund Dividend — Continue 24 Sundaram CAPEX — Growth — Exit 25 Tata Infrastructure Fund-Growth — Exit.

Total list 3 Birla Sunlife Frontline Equity-dividend — Continue 7 DSP BlackRock Top Equity -Dividend Reinvestment — Continue 9 HDFC Top Fund — Dividend — continue 18 Reliance Regular Savings Equity fund — growth option — continue 23 Sundaram Select Midcap Fund Dividend — Continue.

You can see the exposure and diversification and balance it out. I suggest reduce on DSPBR Top and increase exposure to Sundaram Select Midcap Fund Dividend. For Tax ELSS see my blog, http: February 27, at 5: Manish, Thank you very much for the reply.

Based on the inputs I have come up with the following portfolio: HDFC Floating Rate Income Fund — Long Term Plan Floating rate Fortis Flexi Debt Fund — Regular Plan — Debt short term ICICI Prudential Gilt Fund — Investment Plan — PF Option — Gilt Fortis Money Plus Fund — Liquid.

February 27, at You can try Benchmark index fundsthey are generally known for low FMCare you looking for Nifty index funds or other indexes like CNX or CNX ? Manish, Thank you you very much for the feedback. Can you suggest which of the two equity funds I can prune.

While selecting debt funds I went on value research and selected funds which had given the highest return over the last 5 years. I started investing in MF 3 months back, so have limited experience in chosing right MFs. Any suggestions on choosing the right debt MF will be really helpful. You can remove One of the DSP fundsdo you understand contra funds? Why have you invested in that?

I am investing in these funds through monthly SIP. HDFC Top Fund — Growth DSP BlackRock Equity Fund — Growth DSP BlackRock Top Equity Fund — Growth Reliance Growth Fund — Growth SBI Magnum Contra Sundaram BNP Paribas Select Midcap Reg-G. Reliance Monthly Income Plan — Growth HDFC Monthly Income Plan — Growth UTI CRTS Overall good portfoliobut why have you not chosen any ELSS fund?

Most of the equity funds you have chosen are similar in portfolio. Do you needs monthly Income? Can you please provide your valuable feedback on the following MF portfolio.

Reliance Growth Sundaram BNP Paribas Select Midcap Reg Magnum Contra DSPBR Equity HDFC Top DSPBR Top Equity Reg. February 26, at 9: February 26, at February 26, at 2: I have 2 ELLSS Funds HDFC Tax Saver and Canara Robeco in SIP for each.

Which Funds I can buy for long term like for my retirement,Child education etc…. Learnt a lot from your blog about financial planning. Big Thank you to you for providing the excellent information. You can get some good funds at: February 25, at Problem with reliance mf, personal relation comes above investor one example.

FT India growth fund is a nice one. The reason why no body talks about it is very simple, everyone cant talk about everythingso always there will be some fund or the other which will not be talked about. What is this scheme actually and can we invest in the scheme. Thanks for your comment. So how are you doing now a days. BtwCanara Robecco Floating fund is a debt fund and has less return potential with safe returns, consider it only for short term if you wantfor long term this is not the fund.

February 26, at 7: Kavitha, Thank you for the appreciation. Though I never said about canara robeco floating rate short term plan specifically anywhere. Debt funds are the last thing to consider. Floating rate funds work out in rising interest scenario.

Now a days, HDFC has come up with RD at quarterly revised interest rate, if the interest rate is rising, you will get the benefit. Does that mean that we should buy floating rate funds when interest rates are down considering they will go up again later. February 26, at 1: If the money market is expected to do well and interest rates are set to go high in future, to take that benefits floating rate funds are preferred.

As this is not possible in case of FD, RD because interest rate is fixed for the whole term. Floating rate funds score well in this case and tax and liquidity.

Take for example, during Nov-Dec deposits rates are going up, if you had parked your money in floating rate funds, your deposit would take benefit of rates going up. Considering the previous 5 years data, floating rates have scored well compared to debt funds in 0. In next years, interest rates are set to increase, so one can take benefit of this. February 26, at 3: Ok great to know this.

How is their investments different from debt funds? Do they put more in bonds? A floating rate mutual fund is a debt fund that invests predominantly in debt securities with a floating rate of interest.

And these debt securities peg their coupon or interest rate payable to a market-driven rate such as the Mumbai Interbank Offered Rate Mibor. Hence, each time the benchmark rate fluctuates; the coupon rate is adjusted accordingly.

The primary advantage of these funds is that they are less volatile than other types of debt funds. This advantage arises due to the inherent structure of the floating rate bonds. In case of fixed rate bonds when interest rates in the economy change, the price of the bond adjusts to make up for the fixed coupon of the bond. While this happens even in the case of floating rate bonds, the change in the price of the bond is less drastic due to the periodic change in the coupon of the bond.

The fall in the price of the floating rate bond will depend upon the reset period. The lesser the gap between the resets, the lower will be the fall in price. February 26, at 8: February 26, at 4: As i am a housewifei always read the replies u give alongwith Manish; and i am comfortable with ur simple answers.

So Floating funds are Kind of Debt fundsNormal debt funds invest in safe instruments where return are very much known like corporate bondsgovt securities etc. On the other hand Floating funds invest more in kind of bonds where the maturity value is linked to Interest rates. So if interest rates go up and downthe returns are also affected. February 26, at 5: Surely I will write an article with more data and I will make it simple to understand for common investor. After reading the article, you can tell us how do you feel and we can suggest as per your needs.

You are one the highest commentator and one of the most knowledgable among all readers. THANK YOU VERY MUCH BOTH OF U. Manish it is very thoughtful of u to explain it so simply so that every person can understand it. February 25, at 4: Very informative article and points. So thanks for that.

However, I think the analysis that you and some of my friends in their responses have done are based on few assumptions:. I think for non-internet savvy folks, it becomes even more difficult to find out these details.

What are the free sources of information other than internet? Many times I have seen that people do investments and forget about it for few months, years. I myself did it for couple of years: Agents are the masters in exploiting these points. So I can easily see that how difficult it is for a layman to do all this research.

That is why I think trusted CFPs or FPs are so much required these days. If a MF has given for e. Does that mean one should take money out of it? I am always confused about exiting. If I stay put then would it mean that the returns will grow and if yes, would they be compounded? Suppose I take money out since I am happy with the returns but then where should I put that money? Invest in some other MF or same MF or?? Should a novice investor go with Sectoral funds?

February 25, at 9: A novice investor should not go for sectoral funds ever. February 25, at 1: February 25, at 5: I wish to put more in Equity funds… but there are other priorities in my current life which hopefully will get over soon.

I think if one buy only Nifty and Nifty Junior ETF then there is no need of further diversification. If someone really desperate for diversification then CNX or CNX ETF from Benchmark is best. You will be invested in Top companies nifty and nifty junior or top CNX or top CNX companies all the time based upon your apetite for diversificcation and opt for one good Large cap HDFC TOP or DSP top and one midcap fund Sundaram smile or IDFC Premiere equity and that is done.

You have diversification and active management at the same time without much ado. Thats short and simple. I selected funds where all the funds are performing well. But I am not able to shorten the list and decrease the portfolio size. To remove the funds from portfolio is much tougher than you think because you can never decide which is better than which. Discard the rest 7. Another way is to open an excel sheet, compute the XIRR returns for each fund, sort it so that highest XIRR is at the top and then you can remove the bottom 5 or 6 funds.

This article reminds me of a book which I read sometime back: Farrell It was all about choosing best funds and diversification. Just thought of sharing some conclusions from this book. February 25, at 7: How about investing with ONE FUND HOUSE but across the spectrum. February 25, at 8: Though it is not a big risk, but still not a intelligent decision because, 1.

Fund is managed by same person HDFC top and HDFC prudence. One should opt for the strength of the particular Fund House. HDFC and Fidelity is good in managing conservative and Large cap funds with awesome consistency but their record on mid cap is not inspiring. Sundaram and IDFC have best performing mid and small cap but Large cap funds are below category average.

Right now only DSPBR is one fund house which is in top qurtile in each category. Their topeqity and Small and midcap funds as well as infra fund TIGER are all doing well.

Anyhow it is the question of good fund house combined with good fund. You can not opt for either in any situation. Fund house is important in terms of process.

HDFC, DSP, Sundram, ICICI, Quantum, Fidelity are all good process driven funds but if you see JM, SBI etc. So look at every aspect. For your theory of same manager thinks in one way.

Look at Sankaran Naren, This gentleman manages ICICI infra a sector fund and ICICI Discovery a value fund and he has not deviated from his mandate in any of the two funds.

Discovery was in bottom half in and Infra in top but he did not templted to buy fancy stocks for discovery as it is avalue fund and in bear market and after, Discovery becomes no. Hi Parmod, Thanks for the thoughts. Each fund house have a different process and each fund house is good in managing large cap or small cap. Regarding fund managers we are talking about fund manager investing in equity mutual fund; not about the funds in different categories.

The example you mentioned one is a sector fund and another one is equity diversified, and obviously fund manager should not deviate from the fund objective.

February 25, at 3: I think you have confused it a little. However see the starting comment where this whole discussion startedwhen you comapred an equity fund with a balanced fund: How can one trust one Contra is no more contrarian, Global is not having a single global holding and so on.

It is been very good to have a discussion with you srini, keep it up and I hope to interact you with lot more points on lot more topics. I need another clarification.

Is it a good idea to make a lump-sum SIP on a fixed date OR to break the monthly investment into say four parts and invest across various dates in the month.

Thanks for good job u r doing here. It should not make much sense to invest on particular date. Wanna do some small study yourself and share with us. Take data for all the dates and see how the NAV grew and the CAGR return. I think Srinivas comment on Fund manager was more of generalthe example you gave about Sankaran Naren is more of one of the rare examples.

Its a general known saying that dont buy same funds from same fund manager unless they are clear enough with their thoughts and have track record of integrity morningstar. I dont have anything against same fund house funds. This portfolio looks ok as Top is large cap diversified fund, Prudence is a balanced fund which also invest some capital into debt instruments buffers the risk a bit.

So bottomline is if there is a fund house which has highly rated funds, no harm in considering them. But its prudent to spread portfolio across different fund houses.

Fund managers certainly take a call how to revise their portfolio during market drops. Fund managers work out short term as well as long term benefits. Based on the past performance you can evaluate how good that fund manager is. Fund performance talks all story. Though the right time to buy a mutual fund is when market is low.

Now Sensex is 16,k and it may go down to 11, after 4 years. Do you wait 4 years? You think 13, is low and invest and it reaches 12, after 2 months.

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How do you feel? Any time buying for long term more than 5 years is always better. I hope my recent article clear your doubt.

Take a look http: February 25, at 6: Nice thing about this blog is its simplicity, it helped me understand several things though I still need to learn a lot. Several people tried to teach me but without any suuccess.

Thanksits an honour. What is righ time to buy any mutual fund? A When market is low? B Or Any time can buy by doing some analysis on past available data of funds.? Most of the people do not buy when market is downso you can understand how tough it is to take logical decisions.

I agree with you and is the right number for mutual funds which one can manage. How many funds do you have? I have 5 funds and 1 gold ETF. Out of 5 funds, 3 are Tax savings ELSS and other 2 SIPs were started 3 years back and paid only for 1 year. Let me know what you think of my MF Portfolio. I have the below 10 MFs in which I made one time investment in my initial ivestment saga. I realize this was a mistake but I am thinking that I will keep them even though they are in negative now untill they come up.

I am sure they will come up sometime in next years. What do you think? Now that I have some knowledge thanx to you I have started SIPs in the following 5 funds for last 6 months. Let me know what you think abt these funds.

Should I make any changes? Let me know how best to do that -Thanks. The new funds you have started are good. February 27, at 3: Or i am confusing my self….

YesI agree to what Hemant says. So there are some people who invest somewhere and then it comes down to This is my MF portfolio. I really appreciate your dedication and hardwork and expect more posts on MF investment.

February 24, at Why dont you capture the last 5 or more odd returns of SIP in these to nail a point-SIP and long term investment really makes sense? February 24, at 7: In my opinion, 1. Two Tax saving MF via SIP 3. One balanced debt oriented MF 4. I am not in favour of thematic funds Total: Am I missing something? The point is not actually the number of funds in realityits about how appropriate your numbers are as per your requirement and profileif you are a hard core mutual funds investors or a trader kind ofthen you can even go upto The biggest worry is that people keep on buying funds after funds without understanding what does it mean and how it helps them.

Though it is difficult to arrive at a number, It depends on individual profile, understanding and risk. I have many friends who invest in mutual funds with these reasons: SBI magnum tax gain, SBI means returns are guaranteed as it is PSU. Whichever fund declares highest dividend in the month of January, they invest in that for next financial year.

February 24, at 1: Hi Manish, You remember me! I met you when you were in Pune. I wish to invest in Gold ETF. I read your article and understood the basic funda about it. But i wan some more information from you regarding, how one can invest in Gold ETF.? Is it like a mutual fund or like trading in shares.

In case if i wan to invest in Gold ETF, what procedure shall i follow; like opening DMAT account etc. February 24, at 2: I am currently holding 10 Mutual Funds. My first investment in MFs where not enough groundwork was done. Of course still holding on to them as I didnot have heart to redeem the same at a loss.

Apart from that I hold 1 balanced fund, 2 diversified funds-large cap, 1-mid cap, 1-small cap, 2 sectorial 1 infrastructure and other in banking. I donot intend to add any more to my protfolio. I believe max carefully chosen funds are more than enough to manage thru SIP.

Yes is a good figureI would say that even more than that can be ok if you know what you are doing, the problem is the people buy mutual funds one by one as they come in market for the first time ,that is wrong thing. Why are you holding on to the old fundseven though you are in lossyou can invest the money in better funds and manage it well. Yup, makes sense to sell the non performing ones. I know its bad strategy but unfortunately very human. Maybe this can be one of topics you can dwell on sometime.

You may like to try http: February 27, at 1: Manish — Too bad you say that. With having so much gyan if you do not save money to invest what abt mango people??? Translate the last 2 words to hindi if you did not understand. I am just out of money this year because of heavy family responsibility. Overall I think funds are okthough the composition can be different depending on individuals needs. I think if a person wants to invest for long term he should rather buy tax saving funds.

October 19, at