Hi Nagendra,
First while selecting the mutual funds diversification is the term many people will be using..
Diversification means selecting the mutual funds in different categories based on your age, goal and risk taking capacity.
- Large cap 2. Large and mid cap 3. Mid and small cap 4. Small cap 5. Multi cap(which will have all the four)
I have written in the order of less risk to highly risk. Large cap is less risky.
U can logon to the www.valueresearchonline.com and pick out the top rated funds(four star or five star) which has delivered good returns over different period of time (see a large time frame) based on your risk apetitte.
Comparision of Mutual fund performance
http://www.moneycontrol.com/mutual-funds/compare-funds/All.. On selection compare them in this link.
Tax saver in the protfolio:
Pls avoid this CANARA ROBECCO TAX SAVER fund. this fund are exclusively meant for tax saving purpose under section 80 C. this 80 C deduction will be applicable till this year march only. Future investments on this fund u can take a call after seeing the DTC.
Important point to note;
There are some mutual funds which have delivered highest returns in the past one yr. (SBI magnum).
this one contains high risk when there is a down side market as it is investing in the small cap companies. so Access ur risk apettite and then start investment.
Confusion over UTI AND ING
UTI DIVIDEND yield belongs to large and mid cap , ING DIVIDEND yield belongs to Mid cap and small cap.Both are five star rated fund by valueresearch. Based on ur risk profile u decide how much percent u want to invest in the different caps of the market as explained in the first line.
Balanced fund
this is a must one for all the portfolio.exposure.You will have both equity and debt Advantages of Balanced fund, Based on the market condition automatically asset allocation between equity and debt changes . this makes them to protect us from goi downside when market is dwn.
Hdfc prudence is worth selection.
Investing thru online platform
As you are new investor I am kindly asking you to read some of the post written by pankaj which will helo you to gain good knowledge.
http://www.pankajbatra.com/finance/invest-in-mutual-funds-online-with-moneysights/
http://www.pankajbatra.com/india/how-to-transact-mutual-funds-online-directly/
http://www.pankajbatra.com/finance/growth-dividend-payout-reinvestment-mutual-fund-investment-options/
http://www.pankajbatra.com/page/2/
this is the website of the owner of this forum.
Dont invest thru karvy as they will levy unnecessary charges.Dont go beyond 4 or five mutual funds and spread it across different AMC
I hope I have given you clear direction to your queries. Pls feel free to ask if you have any more.
Do the research and come back post the selection and get it corrected.
Happy investing!!!!
Vignesh.
