Hi all,
I have just entered the world of mutual funds at the age of 32. My savings so far are as follows:
I have a PF account where I invest about 3.5K per month, a PPF account where I put 70k annually and a money back LIC policy for about 25k for 20 years. My health cover is taken care by my company policy.
I work in the IT field and I have a medium risk appetite and have so have started a SIP of Rs 2000 each in the following mutual funds for the next 5 years
Birla Sunlife frontline Equity plan A (dividend reinvestment)
DSP BR Equity Fund Regular plan (growth)
HDFC top 200 (growth)
My plan is to see how these perform over a period of time and then increase or decrease allocation for a longer period. I eventually plan to go upto 10k per month in SIPs, so please recommend additional mutual funds which will suit my portfolio in the long run.
I had already started my SIP last month before I discovered this wonderful site. So I need advice and recommendations about my choices of mutual funds and any additions or deletions if needed.
I have just entered the world of mutual funds at the age of 32. My savings so far are as follows:
I have a PF account where I invest about 3.5K per month, a PPF account where I put 70k annually and a money back LIC policy for about 25k for 20 years. My health cover is taken care by my company policy.
I work in the IT field and I have a medium risk appetite and have so have started a SIP of Rs 2000 each in the following mutual funds for the next 5 years
Birla Sunlife frontline Equity plan A (dividend reinvestment)
DSP BR Equity Fund Regular plan (growth)
HDFC top 200 (growth)
My plan is to see how these perform over a period of time and then increase or decrease allocation for a longer period. I eventually plan to go upto 10k per month in SIPs, so please recommend additional mutual funds which will suit my portfolio in the long run.
I had already started my SIP last month before I discovered this wonderful site. So I need advice and recommendations about my choices of mutual funds and any additions or deletions if needed.