Hi,
Till now I had invested in the below ELSS funds just for tax saving purpose based on pure recommendations and have got a consolidated 30% returns from this portfolio.
Reliance Tax Saver Fund
DSP Blackrock Tax Saver
IDFC Tax Saver ELSS
SBI Magnum Tax Gain
Principal Personal Tax Saver
Sundaram Tax Saver
I am thinking of giving a make over to my portfolio of assets by redeeming units of all the above except principal as it is still in negative.
From my net income of 50K I am deciding to allocate in the below fashion
70% Equities via SIP in MF's
10% Debt via GSIP launched by ICICI
5% Gold ETF
5% PPF
The MF's which I have decided to SIP's are as per the April 2011 recommendations of ICICIDirect which are :
Fidelity Equity (Large & Mid Cap) - 8K
ICICI Prudential Dynamic Plan (Mid Cap) - 8K
HDFC Top 200 (Large & Mid Cap) - 8K
HDFC Equity (Mid Cap) - 5K
Sundaram Select Mid Cap Fund (Mid & Small Cap) - 5K
This would be first time foray in large amounts for SIP's. Before jumping aboard I would like to know if my overall portfolio is good for a start or should I start with small amounts?
Your help is very much appreciated. Thanks
Till now I had invested in the below ELSS funds just for tax saving purpose based on pure recommendations and have got a consolidated 30% returns from this portfolio.
Reliance Tax Saver Fund
DSP Blackrock Tax Saver
IDFC Tax Saver ELSS
SBI Magnum Tax Gain
Principal Personal Tax Saver
Sundaram Tax Saver
I am thinking of giving a make over to my portfolio of assets by redeeming units of all the above except principal as it is still in negative.
From my net income of 50K I am deciding to allocate in the below fashion
70% Equities via SIP in MF's
10% Debt via GSIP launched by ICICI
5% Gold ETF
5% PPF
The MF's which I have decided to SIP's are as per the April 2011 recommendations of ICICIDirect which are :
Fidelity Equity (Large & Mid Cap) - 8K
ICICI Prudential Dynamic Plan (Mid Cap) - 8K
HDFC Top 200 (Large & Mid Cap) - 8K
HDFC Equity (Mid Cap) - 5K
Sundaram Select Mid Cap Fund (Mid & Small Cap) - 5K
This would be first time foray in large amounts for SIP's. Before jumping aboard I would like to know if my overall portfolio is good for a start or should I start with small amounts?
Your help is very much appreciated. Thanks