Starting Mutualfund

Guys

Am planning to start invest on MF , and am thinking of invest 6000 per month on different funds, but I do have some queries. [some will be very childish, since I am new to theses MF please bear with me]

1: Starting with do I need to create any D-mat account for investing in MF , if yes suggest me from where I should take.

2: I am planning to invest 6000 , in 4 different funds , 2k each on aggressive risky funds and 1k each on non risky funds.
Please tell me whether my approach is correct, and please suggest some funds.

3: Is it OK to select all the funds from same firm eg : from SBI it self select all 4 funds?

4: My aim is to continue the investment for min 5 yrs , is it good time to create profit?

5: Is it good time for investment?

Thanks in Advance

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Originally Posted by jimmy_moh

Guys

Am planning to start invest on MF , and am thinking of invest 6000 per month on different funds, but I do have some queries. [some will be very childish, since I am new to theses MF please bear with me]

1: Starting with do I need to create any D-mat account for investing in MF , if yes suggest me from where I should take.

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You can invest in MFs without a demat account.

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2: I am planning to invest 6000 , in 4 different funds , 2k each on aggressive risky funds and 1k each on non risky funds.
Please tell me whether my approach is correct, and please suggest some funds.

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More you diversify, it de-risk your portfolio.
- Are you talking about equity and non equity? (what do you mean by aggressive risky funds?)

It depends on your risk appetite and your investment purpose or goal.

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3: Is it OK to select all the funds from same firm eg : from SBI it self select all 4 funds?

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- But if all the funds your are investing in - are giving you consistent returns than what is the issue?

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4: My aim is to continue the investment for min 5 yrs , is it good time to create profit?

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5 years a good time frame, but I would suggest you to go for 5-10 years for equity MFs. Keep reviewing your MFs portfolio after every two years.

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5: Is it good time for investment?

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As answer to above query.

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Originally Posted by Master

More you diversify, it de-risk your portfolio.
- Are you talking about equity and non equity? (what do you mean by aggressive risky funds?)

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am planning for 2 funds in equity and 2 in hybrid.
i saw risk grade in value search and it shows for some funds good returns but risk is above average , those kind of funds.

my goal is after 5 years , getting some 25% profit on my investment. is it feasible?

in my mind i have these 4 funds
1: hdfc top 200
2: sbi magnum emerging
3: Birla Sun Life Medium Term
4: UTI SPrEAD

is it good selection?

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Warning - Don't use extra punctuations.

I would go for following MFs in SIP mode -
Short Term Investment (Min 5 Years) - HDFC Top 200, ICICI Prudential Focused Bluechip Equity Inst I, Quantum Long Term Equity
Long Term Investment (Min 10 Years) - ICICI Prudential Discovery Inst I, IDFC Premier Equity, Reliance Equity Opportunities Inst

Thanks for your inputs.

I have one more doubt in this am planning for these 4 funds
HDFC Top 200
SBI emerging
IDFC Premier Equity
UTI SPrEAD

But how to start all these, am having account in Citibank and SBI.

My 4 funds are with different firms, do I need to start account in all these banks?
Can I transfer money from my account to SIP?

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Originally Posted by jimmy_moh

Thanks for your inputs.

I have one more doubt in this am planning for these 4 funds
HDFC Top 200
SBI emerging
IDFC Premier Equity
UTI SPrEAD

But how to start all these, am having account in Citibank and SBI.

My 4 funds are with different firms, do I need to start account in all these banks?
Can I transfer money from my account to SIP?

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No need to open an account with any bank, you can buy the mutual funds from the fund house or any broker.
Check these threads to know more about MFs -
1- How to invest in a scheme of a mutual fund?
2- FAQ on Mutual Fund