We answer a range of mutual funds question from mutual fund portfolio expansion, lump sum investment in mutual funds, online mutual fund investing besides picking mutual funds for all types of goals.
FundooMoney Website: www.fundoomoney.com
Edited Highlights
1:39 Amit Belwal wants to buy some more funds. He has already invested in funds like Birla Sun Life Equity Fund, HDFC Tax Saver Fund and Birla Sun Life Tax Relief '96
1:51 4-5 schemes is more than enough for your portfolio. We suggest that instead of buying new funds, you enhance the contribution to existing investments
2:45 Too many funds in your portfolio makes it difficult to manage in terms of tracking performance
3:20 Buy a new fund when you now there is something very distinct about it such as a different investment style or strategy
3:40 Chandrakanta Panda wants to invest Rs 1 lakh in a Motilal Oswal equity fund. He wants to know whether the markets will go down further and time his buy accordingly
4:28 Don't bother about whether markets are going to go up or down. Go for a systematic transfer plan (STP)
4:38 The lump sum amount is put in a liquid fund and regular investments are made in an equity fund of your choice thus acting like an SIP
4:50 You can also put the money in a liquid fund and invest regularly in an equity fund of your choice
5:03 For lump sum investments, STP or systematic transfer plans work very well
6:13 STPs give you the same benefits as SIP and you don't have to bother about ups and downs of the market
6:36 Khem Thapa wants to invest in mutual funds through paisbazaar. He wants to know whether he should invest through the platform?
6:53 You need a methodology to compare and rate online platforms
6:57 Since we don't have that we suggest that you collect the feedback of people who have used the platform and are known to you
7:09 You can also get the feedback of other users from online comparison sites
8:45 Vishal Jadhav wants to know how to select mutual fund category for short-term, medium-term and long-term needs
9:11 While choosing funds, a critical determinant is how far away is the goal from today
9:20 If it is 8 years or more, you should be looking at equity funds
9:26 By that time, the returns will be less vulnerable to fluctuations and will typically outperform other assets such as debt
9:39 For periods of 3-4 years, consider debt funds. It is tax efficient for those in the highest tax slab and typically provide good returns
10:11 If the need is less than one year away or you want to keep money for emergencies, consider liquid funds
10:30 For 1-2 years, consider short term debt funds
11:01 For long term goals such as child's higher education and retirement, equity funds will work out much better
11:13 In the goal is 5-8 years away, consider balanced funds which invest most of their money in equities
