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@RJK;

1. Excellent fund
2., 3. Why go for another mid-cap when you have listed two funds in 3 with a decent midcap component. Only the Blue Chip does not have a mid-cap component. Again both IDFC Premier and FI Blue chip are excellent funds.

Except for Franklin, everyone else is down at the moment.
Ever since I started SIP in equity since October last year, my total is in negative at the moment.
I invested in Debt (2 funds) and they are giving respectable returns at the moment. So that is the saving grace.

I know it is too early to write-off equity MF, and do not want to discourage any new investor, but there is something about Franklin which is different. What is their "secret sauce"?

@sgiitk,

Thank you for your response, Sir. I'll go ahead with Prudence, FI blue chip. Any recommendation for a debt fund ?

Look at one of the IDFC funds - SS Income (MT or Long Term) or Floater.

Anybody has suggestions on how to get KYC done? I tried ICICIDirect, but they took my forms ut after that no update for past 1 month. I called them up they said they have no clue as to what happened! Any ideas where i could get my KYC done - faster?

^When I opened FundsIndia account, they got the KYC done as part of the process.
There is no cost involved from your side (except courier charges for what you will be sending to Chennai).

You can invest in Mutual Funds after that.

Please let me know if you are interested.
Note: I will get a Flipkart gift coupon if I refer you and if you then create an account. So, there is some commercial gain in here. :)

How safe is FundsIndia? Been hearing about them a lot these days. Even completed the first stage of the registration process but haven't sent them anything yet.

^So far it has been 6 months. No hanky-panky stuff on my two bank accounts.
My friend is also now a member and nothing wrong there as well.

The MF part is free - equity needs Rs. 500 for account opening, plus other charges for transactions.

@RJK; So you will have no midcap component with Blue Chip as the equity component. Yes, Prudnce does invest a bit in mid-caps, that is all.

@S_U_N; Six months is too short. You need a five year horizon. Of course debt is performing, but if interest rates go up they will suffer and vice versa. With the current lot anything is possible.

Been Investing in MF's through fundsindia from last 1.5 years. Have been a smooth sailing so far:)

It does not seem to be a problem at ICICI end. I got my KYC dcuments submitted on 12/12/12 at HDFC Bank but the CVL site started reflecting the change only on March 1st.

3 Months! We have to wait for 3Months to start Investing then?

I do mine through StanChart. You get the ack within a week, but then CVL take their own time. My son's HUF took over two months.

Is not the bank's KYC enough now?

Talking about L&T/ Fidelity, my observation is that last 1 year return is much better than the previous returns (e.g. L&T Indo Asia Fund: 14% in last 12 months, L&T India Special Situations Fund - Growth 16%).

Are they doing a better job than their earlier avatar - Fidelity?

Or is there something in the market that is pushing these funds up?

@S_U_N; surprising since L&T/Fidelity Equity is a Large & Midcap fund. The latter have been in to doldrums. I think so far the team s unchanged.