By Sumeet Vaid
(Founder CEO, Ffreedom, Financial Planners)
Goal Setting in Investment
Iam 40 years old, and my wife is 35. Both of us are earning. We can invest Rs 35,000-40,000 every month as we have recently closed our home loans. I am keen on investing in mutual fund SIPs as Iknow the return on such investments over a long period of time is high. I want to take advantage of the current down-trend in the equity market. Please advise me the instruments in which I can invest this amount for the next 7-8 years for higher returns.
- Amit Kumar
It is very important for you to articulate your goals and on the basis of that an investment should be made. Investing without considering your goals will just help you to build up a money tree that may or may not be sufficient to fulfill your future needs. You want to invest more in mutual funds. For that, be specific about your goals and when they are to be fulfilled and what are the current costs associated with those goals.
If the goal horizon is more than 7 Years, you can follow an aggressive asset allocation where the equity and debt ratio is 80:20. As and when the goals approach, the equity component should decrease and the debt component should increase.
Following this asset allocation will help to rebalance your investment portfolio and also will make sure that you can achieve your goals. You can begin investing in equity diversified schemes of mutual funds if the goals are to be met on a longer term basis. Some good equity diversified schemes include ICICI Focused Bluechip Fund - G, DSP BR Equity Fund - G, IDFC Premier Equity Fund, DSP BR Top 100 - G, HDFC Top 200 Fund - G, HDFC Equity Fund - G among others.
Equities for the Long Run
Iam 27 years old. I want to invest Rs 15,000 in mutual funds. Please tell me which are the best funds.
- Suman Sarkar
Equity as an asset class should be chosen for long-term goals (seven years and more). Debt should be chosen for short-term goals (two-three years away). For the interim period, a combination of both the asset classes should be selected. Based on your goal horizon, you should select your equity and debt asset allocation and accordingly start investing. Some of the best performing equity schemes have been mentioned in the above reply.
(Founder CEO, Ffreedom, Financial Planners)
Goal Setting in Investment
Iam 40 years old, and my wife is 35. Both of us are earning. We can invest Rs 35,000-40,000 every month as we have recently closed our home loans. I am keen on investing in mutual fund SIPs as Iknow the return on such investments over a long period of time is high. I want to take advantage of the current down-trend in the equity market. Please advise me the instruments in which I can invest this amount for the next 7-8 years for higher returns.
- Amit Kumar
It is very important for you to articulate your goals and on the basis of that an investment should be made. Investing without considering your goals will just help you to build up a money tree that may or may not be sufficient to fulfill your future needs. You want to invest more in mutual funds. For that, be specific about your goals and when they are to be fulfilled and what are the current costs associated with those goals.
If the goal horizon is more than 7 Years, you can follow an aggressive asset allocation where the equity and debt ratio is 80:20. As and when the goals approach, the equity component should decrease and the debt component should increase.
Following this asset allocation will help to rebalance your investment portfolio and also will make sure that you can achieve your goals. You can begin investing in equity diversified schemes of mutual funds if the goals are to be met on a longer term basis. Some good equity diversified schemes include ICICI Focused Bluechip Fund - G, DSP BR Equity Fund - G, IDFC Premier Equity Fund, DSP BR Top 100 - G, HDFC Top 200 Fund - G, HDFC Equity Fund - G among others.
Equities for the Long Run
Iam 27 years old. I want to invest Rs 15,000 in mutual funds. Please tell me which are the best funds.
- Suman Sarkar
Equity as an asset class should be chosen for long-term goals (seven years and more). Debt should be chosen for short-term goals (two-three years away). For the interim period, a combination of both the asset classes should be selected. Based on your goal horizon, you should select your equity and debt asset allocation and accordingly start investing. Some of the best performing equity schemes have been mentioned in the above reply.
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