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Q.

Sir, I want to invest in 5 schemes through SIP for 3 to 5 years in Reliance Diversified Power sector, ICICI fusion Series II, FT Growth Fund, UTI Balance Fund and UTI Infrastruture. Please advice. If any other better scheme, please let me know.

Tags: years, schemes, advice
22 Apr '07 11:45 pm
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Answers (2)

1.

sbi contra growth fund
Answered by jack fruit, 24 Apr '07 07:01 am

 
  
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Hello.My advice for your long term investment would be these fund schemes.These funds are Equity linked and have delivered good returns when the market has gone up and sustained the bad periods of the market since its inception.Hence they are the proved ones.They are tax free for upto 1Lac rupees invested in them.Equity linked Mutual Fund earnings are Profit (or) Loss earnings and not interests (or) fixed income earnings as in case of Balanced (or) Debt Funds.Try to invest in 3-5 schemes if you can to diversify your portfolio.They are 1)SBI Magnum Global-G(Blue Chip),2)SBI Magnum Contra-G(Midcap),3)Franklin India Prima Plus-G(BlueChip),4)Sundaram Select Midcap-G(Midcap),5)Reliance Vision-G(Midcap),6)HDFC TOP 200(BlueChip),7)HDFC Tax Saver,8)SBI Magnum Multiplier Plus-G(BlueChip),9)SBI Magnum Taxgain-G,10)HDFC Equity-G(LargeCap)
You may invest in any of these funds for your long term plan(above 5 years atleast) and you will surely get good returns.Remember invest 60% of your investment ...more
Answered by Abdul Rehman, 12 May '07 02:51 pm

 
  
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Hello.My advice for your long term investment would be these fund schemes.These funds are Equity linked and have delivered good returns when the marke..more

Answered by Abdul Rehman