Investment Advise

I have started investing in 2 mutual funds through SIP- (1) Reliance Regular Savings Fund & (2) Miracle asset India opportunity. I will invest 2 thousand every months for the next 5-10 years. How is my investment? Should I continue?

asked Jun 14 '11 at 00:08 by gautam 1111


Hi Gautam,

Your fund choices are good. You can definitely look to continue...but if you look at their performances, they don't offer enough downside protection. Since you are doing SIPs, this volatility mat come to your rescue to average out but then if you truly wish to make your portfolio on auto-pilot then these funds may not be the best. We would suggest you can consider investing in following 4 funds in equal proportion -

  1. HDFC Equity Fund
  2. Birla Sun Life Dividend Yield
  3. IDFC Small & Mid-cap Equity or Premier Equity
  4. ICICI Prudential Discovery Fund

These funds in effect create a multi-cap portfolio of Mutual Funds with an effective downside protection & is well diversified across sectors & stocks.

Hope this helps. -- Santosh Navlani | moneysights.com

answered Jun 14 '11 at 02:27 by moneysights 311

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Asked: Jun 14 '11 at 00:08

Seen: 1,597 times

Last updated: Jun 14 '11 at 13:36