Are you always at a loss while planning your finances? Are you aware of the investment options available in the market?
How best can you plan your finances? What are the crieria for evaluating an investment option?
Are mutual funds profitable investment options? When and how should one buy mutual funds?
In an hour-long chat on
rediff.comI on Wednesday,
financial planning expert Sailesh Multani offered some valuable tips. Here is the transcript:
Sailesh says, Goodevening everyone, lets begin the chat session.
ashish asked, suggest me good mutual fund on which i casn invest my money??
Sailesh answers, at 2009-07-22 12:23:24Hi Ashish, You can consider investing in HDFC Top 200, DSP BR Top 100 and HDFC Equity, which are some of the well-managed large cap funds.
avinash asked, let me know of investment options, other than insurance, ppf, nsc and fd
Sailesh answers, other than the investment options mentioned by you, you can consider investing in equity-oriented mutual funds. However, its important that you have a requisite risk appetite for the same.
shan asked, Hi Sailesh, i wanted to invest around 5000/- p.m in SIP in 2 tax saving MFs. which funds do you suggest ?
Sailesh answers, You can consider investing in Fidelity tax advantage and franklin india tax shield.
sushant asked, Is it right time to invest in Mutual Fund
Sailesh answers, yes, in my view this is the right time to invest in mutual funds. Also as an investor, you should avoid timing the market and invest in mutual funds through the SIP route.
vm asked, Hi,....Can you please let us know about term cover and its benefits...
Sailesh answers, Hi, Term plans are pure life cover plans. they offer maximum sum assured at lower premium as compared to endowment, money back or ulips. However, there are no maturity benefits if the insured survives the term.
sskumar asked, i have 50000/- where should i invest
Sailesh answers, before you start investing your money, you should first set your investment objectives and the time horizon to achieve the same. based on this you decide where to invest your money. Also, the investments should be made depending on your risk-appetite.
vm asked, Hi, How long we should stay invested in MF's through SIP...is the time horizon of 5 years or 5 to 10 or more than 10...
Sailesh answers, Hi. you should invest through SIP over 2 market cycles. A market cycle may take anywhere from 2-5 years. therefore 2 market cycles may take 5-10 years. A market cycle is defined as an up-down-up movement.
yateen asked, Can I sold my M.Funds I.T sector which I bought long back, no much appreciation.
Sailesh answers, Hi. IT funds fall under the category of sectoral funds. these funds perform well when the underlying sector does well. hwever, when the sector losses its sheen, the performance of these funds also take a hit. hence while investing in a sectoral fund, one has to really time his entry and exit from the fund. We suggest you to redeem your investment and invest in well-managed diversified equity funds.
Dhiraj asked, excuse my ignorance but what does SIP stand for?
Sailesh answers, SIP stands for Systematic Investment Plan. It is a route to invest in mutual fund scheme. To know more please click at the link below:
http://www.personalfn.com/detail.asp?date=8/27/2008&story=4
khokon asked, I want to invsest 30K per month in SIP. How much Fund I should choose ? My choices are HDFC top 200 , DSPBR top 100 , Sundaram select focus , HDFC Equity , SBI Magnum contra and Sundaram select midcap.If I choose 3/4 funds from above , please suggest.
Sailesh answers, your selection of funds are quite good. You can go ahead with your investment
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