It should be fine to go ahead. Excluding the tax component i have all in my core portfolio. It should give good diversificationa and nice return prospects.
I feel you will get many corrections during this 6 months time which will allocate more units then the market peaks
As far as I know redimtion is also a hasle free process.
I feel you will get many corrections during this 6 months time which will allocate more units then the market peaks
As far as I know redimtion is also a hasle free process.
Hello MrIndia
If there was a provision for a real hug in this forum, I would have done that. Accept my virtual hug for not only solving my queries, but also guiding me properly. This has actually made me more at ease in investing directly. All this while, I was waiting for the ICICI direct to activate my account, it has taken them more than one month, and I was still waiting. Now, I can convinently forget them
With the markets down, probably a good chance to invest my first SIPs, I am busy downloading the forms and filling them to send to CAMS on Monday.
I am sure you must have good knowledge about the portfolio too. Please do me a last favour. You dont need to advise in detail, I have made this one after consulting good experts in this forum only, I just want your final say in this please. If there is nothing serioiusly wrong, I would want to stick to this portfolio only
1) DSMPL EQUITY = 2K for next 6 months
2) SBI Magnum Contra = 2K for next 6 months
3) HDFC Prudence = 2K for next 6 months
4) DSMPL TIGER = 2K for next 6 months
5) SBI Magnum Tax = 4K for next 3 months & then 2K for next 3 months.
6) Birla Tax Relief 96 = 4K for next 3 months & then 2K for next 3 months.
I would then look at both my financial and market position after 6 months and decide to allcate further funds.
I have already asked for advise in one of my posts to others, but so far no response.
I assure you of not disturbing you again
Thanks
Jeet
PS: Is redemption also simpler like the above procedure?
If there was a provision for a real hug in this forum, I would have done that. Accept my virtual hug for not only solving my queries, but also guiding me properly. This has actually made me more at ease in investing directly. All this while, I was waiting for the ICICI direct to activate my account, it has taken them more than one month, and I was still waiting. Now, I can convinently forget them
With the markets down, probably a good chance to invest my first SIPs, I am busy downloading the forms and filling them to send to CAMS on Monday.
I am sure you must have good knowledge about the portfolio too. Please do me a last favour. You dont need to advise in detail, I have made this one after consulting good experts in this forum only, I just want your final say in this please. If there is nothing serioiusly wrong, I would want to stick to this portfolio only
1) DSMPL EQUITY = 2K for next 6 months
2) SBI Magnum Contra = 2K for next 6 months
3) HDFC Prudence = 2K for next 6 months
4) DSMPL TIGER = 2K for next 6 months
5) SBI Magnum Tax = 4K for next 3 months & then 2K for next 3 months.
6) Birla Tax Relief 96 = 4K for next 3 months & then 2K for next 3 months.
I would then look at both my financial and market position after 6 months and decide to allcate further funds.
I have already asked for advise in one of my posts to others, but so far no response.
I assure you of not disturbing you again
Thanks
Jeet
PS: Is redemption also simpler like the above procedure?