Hi, have about a Lac from bonuses this year and want to be able to channel this into investments using MF as my chosen money market instruments. Kindly let me know if I should do a SIP or go lumpsum. Also need you to help suggest about 3-4 good MFs that I can invest in. Also is there any website that provides year-on-year returns of Mutual Funds. The ones I know rate them, worship them etc etc and give 3 yr, 5 yr and since inception performance figures but never the Y-on-Y data. Last but not the least, have been invested the last 3 plus years in HDFC Taxsaver and SBI Magnum tax gain and now thanks to the impending DTC norms, am breaking free and planning to divert this money (4K+4K) into SIPs some good funds. Can you pls help recommend a few?
1 Answers
For money market instruments (Liquid/Short term debt) mutual funds, you can invest lumpsum, there is no need to invest through SIP. SIP is good for funds which have equity exposure.
You can see past performance of mutual funds on following websites:
1. ValueResearchOnline
2. MoneySights
3. MoneyControl
Regarding mutual fund selection, please provide your investment goals (also risk capacity and investment period).
Related