Which Mutual Fund to invest in for 10k budget every month?
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Please suggest the best MF for investment of 10k every month. It need not be tax saving fund. I am looking for maximum profits.
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It is better to diversify your funds into several funds rather that selecting just 1 fund. Also choose different category of funds (Small cap, Mid Cap, Multicap, large cap, Balanced etc). Choose your funds as per your risk category and investment horizon.
Do at least 5 SIP of ₹2000 each.
In which funds?
invest in FD of fincare bank. 9% for 2-3 years. tension free
How to open account in fincare bank?
…Choose 1 large cap fund….
SBI BLUE CHIP FUND – REGULAR PLAN – GROWTH
ICICI PRUDENTIAL BLUECHIP FUND – GROWTH
Reliance Large Cap-GROWTH
….1 MID CAP
Mirae Asset India Equity Reg-GROWH
HDFC MID-CAP OPPORTUNITIES FUND – REGULAR PLAN – GROWTH
KOTAK STANDARD MULTICAP FUND -GROWTH OPTION
…1 SMALL CAP..
HDFC Small Cap Reg-Growth
L&T Emerging Businesses-Growth
DSP SMALL CAP FUND – REGULAR PLAN – GROWTH
….
add aggressive hybrid fund n add thematic fund preferably Pharma fund for good growth..
On what proportions we should divide our SIP/Lumpsum on above fund categories( large, mid, small, hybrid & thematic, etc.,)
…There is no formula to get good return….trust the market and invest for more than 5 years….
Invest in SBI bluechip . For tax saving ELSS schemes ie in axis or AB ( lock in period 3 years) . Or u too can put money in liquid fund for quick redeemption . Consider Tax benefit also. If you hold a equity fund for 1 year then no tax . For debt fund if u hold more than 3 year then 20% tax also 10% on dividents . Invet in largecap equity funs and hold it for long term .
Which liquid fund should I choose?
How is Groww app for the purpose of making investment in mutual funds?Any reviews please ?
Its very good app. It allows you to invest in direct funds. Also app interface is very user friendly. If you are new pm me for referral.
….Only a good certified financial planner can tell u the proportion….
…I believe the ratio should be…large cap (2) , mid cap (1), small cap (1) n thematic (1)…….It means make an sip of 2k,1k,1k n 1k or multiple of this.
But keep in mind market will remain stagnant or will move with negative bias for some time now….n the probability of modi getting majority is getting slim…so market can revisit 6500-7500
….start sip now but divide you money 50% into mutual fund n rest into fixed deposit or gold…
….Happy investing…
Large cap fund- ICICI Focussed Bluechip and Axis Bluechip Fund
Midcap Fund – HDFC Midcap Opportunities, Kotak Emerging Equities
Small Cap – Reliance Small cap and Axis Small Cap
Debt Fund – Kotak Low duration fund and Absl low duration fund
mutual funds scheme are subjected to market risk.