Which Mutual Fund to invest in for 10k budget every month?

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Deal Subedar
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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.

24 Comments  |  
13 Dimers
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Perfectionist
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mutual funds scheme are subjected to market risk.

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Deal Subedar
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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.

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Deal Subedar
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bip100 wrote:

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?

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Deal Cadet
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invest in FD of fincare bank. 9% for 2-3 years. tension free

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Deal Subedar
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pentiumd wrote:

invest in FD of fincare bank. 9% for 2-3 years. tension free

How to open account in fincare bank?

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Deal Cadet
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bip100 wrote:

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.

Rightly Said

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Deal Subedar
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…Choose 1 large cap fund….
SBI BLUE CHIP FUNDREGULAR PLANGROWTH
ICICI PRUDENTIAL BLUECHIP FUNDGROWTH
Reliance Large Cap-GROWTH

….1 MID CAP

Mirae Asset India Equity Reg-GROWH
HDFC MID-CAP OPPORTUNITIES FUNDREGULAR PLANGROWTH
KOTAK STANDARD MULTICAP FUND -GROWTH OPTION

…1 SMALL CAP..
HDFC Small Cap Reg-Growth
L&T Emerging Businesses-Growth
DSP SMALL CAP FUNDREGULAR PLANGROWTH
….

add aggressive hybrid fund n add thematic fund preferably Pharma fund for good growth..

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Deal Subedar
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…There is no formula to get good return….trust the market and invest for more than 5 years….

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Deal Cadet
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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 .

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Deal Subedar
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Puchka wrote:

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?

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Deal Subedar
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sardasa wrote:

Which liquid fund should I choose?

Most liquid funds gives constant return of 7%.
I selected Baroda pioneer liquid fund which has a little better performance than its peer.

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Deal Subedar
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bip100 wrote:

Most liquid funds gives constant return of 7%.
I selected Baroda pioneer liquid fund which has a little better performance than its peer.

Can I withdraw anytime from these liquid funds?

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Entertainer
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pentiumd wrote:

https://101account.com/inde...ml

you can open online with aadhar & pan

Fincare stopped online account two months ago after SC order. And it is good that it stopped because once you open online account it takes forever to get kyc completed. Moreover the agents only oblige coming home if you buy an insurance product or give them fixed deposit. There are several other TnC which one should consider like ATM card is not free after a year, for 15g/15h one has to visit branch (in case account was opened online, is big pain), limitations on account till kyc is done, sms charges per month etc. Now that online account opening is stopped, one has to visit branch and must confirm all clauses. A big avoid until someone is planning 1 lac fd without atm and opts priority 101 so 25k amb is not required.

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Entertainer
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sardasa wrote:

Can I withdraw anytime from these liquid funds?

Yes and you can now instantly withdraw money using website or app of fund, some liquid fund provides upto 90% redemption instantly and most allow 50% of total investment. Don’t forget any withdrawal will be treated for stcg or ltgc.

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Deal Cadet
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marketdimer wrote:

Fincare stopped online account two months ago after SC order. And it is good that it stopped because once you open online account it takes forever to get kyc completed. Moreover the agents only oblige coming home if you buy an insurance product or give them fixed deposit. There are several other TnC which one should consider like ATM card is not free after a year, for 15g/15h one has to visit branch (in case account was opened online, is big pain), limitations on account till kyc is done, sms charges per month etc. Now that online account opening is stopped, one has to visit branch and must confirm all clauses. A big avoid until someone is planning 1 lac fd without atm and opts priority 101 so 25k amb is not required.

i had opened FD visiting branch. zero balance account without debit card. netbanking is more than enough to operate.

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Deal Subedar
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marketdimer wrote:

Yes and you can now instantly withdraw money using website or app of fund, some liquid fund provides upto 90% redemption instantly and most allow 50% of total investment. Don’t forget any withdrawal will be treated for stcg or ltgc.

You mean tax on earning? If my fund value at the time of withdrawal is less than my initial investment then?

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Entertainer
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sardasa wrote:

You mean tax on earning? If my fund value at the time of withdrawal is less than my initial investment then?

If you are in tax bracket (earn above 2.5 lacs) anything above slab you earn is taxable. For whatever appreciation your investment gets you’ll pay stcg accordingly and ltcg on indexation basis. Check with your CA/tax advisor or investment advisor. If fund value is less than what you invested, you can offset stcl or ltcl (capital loss), CA or tax advisor will help you better way.

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Deal Subedar
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still_guessing wrote:

…Choose 1 large cap fund….
SBI BLUE CHIP FUNDREGULAR PLANGROWTH
ICICI PRUDENTIAL BLUECHIP FUNDGROWTH
Reliance Large Cap-GROWTH

….1 MID CAP

Mirae Asset India Equity Reg-GROWH
HDFC MID-CAP OPPORTUNITIES FUNDREGULAR PLANGROWTH
KOTAK STANDARD MULTICAP FUND -GROWTH OPTION

…1 SMALL CAP..
HDFC Small Cap Reg-Growth
L&T Emerging Businesses-Growth
DSP SMALL CAP FUNDREGULAR PLANGROWTH
….

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.,)

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Deal Newbie
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How is Groww app for the purpose of making investment in mutual funds?Any reviews please ?

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Deal Cadet
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mogambo555 wrote:

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.

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Deal Subedar
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…hEllo bro…

….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…
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Deal Subedar
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marketdimer wrote:

Fincare stopped online account two months ago after SC order. And it is good that it stopped because once you open online account it takes forever to get kyc completed. Moreover the agents only oblige coming home if you buy an insurance product or give them fixed deposit. There are several other TnC which one should consider like ATM card is not free after a year, for 15g/15h one has to visit branch (in case account was opened online, is big pain), limitations on account till kyc is done, sms charges per month etc. Now that online account opening is stopped, one has to visit branch and must confirm all clauses. A big avoid until someone is planning 1 lac fd without atm and opts priority 101 so 25k amb is not required.

So if I call them to come home to open an savings account-

I have to open fd along with that then only they come?

I can opt for internet banking for free without debit card.

If I open fd of Rs 1 lakh, I don’t have to maintain any balance in my savings account, right?

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Deal Cadet
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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

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