[sgiitk]

The dooms-dayers are at it

http://economictimes.indiatimes.com/...w/23152450.cms

[Gautam Misra]

IMO it would not be a bad idea to take some (partial) profits of the table and invest at lower levels.

Originally Posted by sgiitk

The dooms-dayers are at it

http://economictimes.indiatimes.com/...w/23152450.cms

[S_U_N]

So, after almost a year of staying invested, I thought I should calculate some numbers.

I invested in IDFC Ultra Short Term Fund-Reg(G) in last October.
Today, when I checked, I had a gain of 8.84%.
This will attract 10% IT without indexation or 20% IT with indexation.

Now, I am wondering if a bank FD would have given me a higher interest rate (with 30% tax liability) or whether IDFC UST fund was slightly better.

I don't need the money now, but perhaps after 6 months and that too is not certain.

[sgiitk]

@S_U_N; Go ahead. I see only volatile times.

[LonelyPlanet]

My ICICI advisor is recommending these plans saying that yields are very good to lock in. Any perspectives on these recommended schemes.

Reliance Regular Savings Fund - Debt- Growth
Birla Sun Life Medium Term Plan - Regular Plan - Growth
Templeton India Corporate Bond Opportunities Fund - Growth

[ghodlur]

Experts,

How's the market's response pre Diwali and Post Diwali going by the history? Planning to sell off some long holding MF's and use it for home loan pre payment. Does it sound good?

[sgiitk]

@ghodlur; With Sensex at 20,000 I feel we are way above the logical top!

[mobike008]

Originally Posted by S_U_N

So, after almost a year of staying invested, I thought I should calculate some numbers.

I invested in IDFC Ultra Short Term Fund-Reg(G) in last October.
Today, when I checked, I had a gain of 8.84%.
This will attract 10% IT without indexation or 20% IT with indexation.

Now, I am wondering if a bank FD would have given me a higher interest rate (with 30% tax liability) or whether IDFC UST fund was slightly better.

This is pretty bad. This is the very reason I stopped investing in MF. I enjoyed a 45% yearly return and also lost money so i have seen both extremes

I invested FD's in my mom name and get bank interest anywhere between 11%-12% as senior citizen are exempted from tax till Rs. 2 Lakhs per annum, I think this is the most wisest decision

Alternatively, invest in PO Saving Certificate where your investment grows by 60% in 6 years

E. G: Rs, 10,000 becomes Rs.16,XXX in 6 years which though sounds like bank interest is still better than MF's

Originally Posted by sgiitk

@S_U_N; Go ahead. I see only volatile times.

So is investing in MF a wrong move now and in near future?

[sgiitk]

Originally Posted by mobike008

So is investing in MF a wrong move now and in near future?

Me thinks that way. Remember if I buy and you sell then I am thinking to price will go up, and you down! So even if you are right 60% of the time then in the long run you are singing all the way to the bank. I expect the NIFTY to go down to 5800 or so in the not so distant future.

[psvinay]

MF Gurus,

Has any one tried buying/selling through MF house's direct channel (through their portal)? Can some one explain the below? Or, am I missing any thing?

Let me take "DSPBR Equity Fund - Growth" as an example. I have an existing SIP through Citi bank for the above fund. Now I want to move away from the SIP route and do only lump sum purchases (btw, I have a logic/reason for this shift). I wanted to avoid the service charges, hence started exploring the direct route with the fund house. DSPBR's online portal (https://dspbronline.com/IOL_Login.aspx) allows you to create a user-id with an existing folio details. So, I created one with my existing folio which is created through Citi. Here, while purchasing fresh units, I can choose the direct option and avoid the service charge which I have to pay otherwise. The units purchased will hit the folio and will get added to the existing units under the folio. I can also redeem the units (from this folio) through this portal. The money will automatically come to the linked account (Citi Suvidha account in this case).

Though at the time of purchase I can choose the Direct option, the same is not available in the redemption page. From the value shown, looks like it chooses the NAV applicable for the distributors (lower NAV compared to the NAV of the direct route). How can I sell units through the Direct route where a higher NAV will be considered?

Thanks..

[quadra]

A Bangalore based firm setup by IIM-Blr pass outs have launched an online portal primarily for first time investors. Check out this self-explanatory video on how it works.

http://youtu.be/AuFeQghSQxE

I have already registered for this site. Here are the key features:

1. They filter out the funds based on certain criteria and hence you are left with equity based MF's only.
2. Then an algorithm checks the past 4yrs of data for that fund an based on that the top equity MF's are picked which are visible in your profile.
3. Since its targeted to 1st time investors, you don't have the option of viewing any other fund apart from the 4 listed. Good move as they want to keep it dead simple
4. There are 2 options available for investing. Option 1 is mandatory for option 2 to work.
5. Option 1: Minimum amount to start investing is 20,000 (4 MF's x 5000 each)
6. Option 2: Now you can start investing as little as 5000 (same 4 MF's x 1000 each) monthly for x months which can start on a date you like.

FYI: They have HDFC top 200 fund listed as one of the four. I checked the same on moneycontrol and the speedometer rating was showing as "not to invest" in this fund. Then when you check the last 4 year perf of this fund on the same site, the graph clearly states that this fund has shown significant performance in the past.

Inputs anyone?

[Ananthang]

Originally Posted by mobike008

This is pretty bad. This is the very reason I stopped investing in MF. I enjoyed a 45% yearly return and also lost money so i have seen both extremes


So is investing in MF a wrong move now and in near future?

Rightly said Mobike008. I have stopped investing in Mutual funds and except for once, I have always sold with returns less than 8% or sometimes in loss, even though I invested in decent funds.

Last 2 years, I have completed moved to Bank FDs and started concentrating in PPF. I got a PPF opened in SBI and maintaining it as a Savings account, depositing money online regularly.

[mobike008]

Originally Posted by Ananthang

Rightly said Mobike008. I have stopped investing in Mutual funds and except for once, I have always sold with returns less than 8% or sometimes in loss, even though I invested in decent funds.Last 2 years, I have completed moved to Bank FDs and started concentrating in PPF. I got a PPF opened in SBI and maintaining it as a Savings account, depositing money online regularly.

Good Move. Even Iam doing exactly the same and also invested a bit in real estate ( plots etc..) so that there is a decent spread

Iam waiting for March 2014 to complete my last MF fund which if sold earlier will attract penalty and when i close this MF, I may get my own money back or maybe even lesser so imagine, 5 years of monthly invested gone down the drain.

Post liquidation of this MF, I will be done and dusted with MF for good ( unless someone changes my mind that it has started giving back good returns again)

[ontheroad]

FYI: They have HDFC top 200 fund listed as one of the four. I checked the same on moneycontrol and the speedometer rating was showing as "not to invest" in this fund. Then when you check the last 4 year perf of this fund on the same site, the graph clearly states that this fund has shown significant performance in the past.

Inputs anyone?[/quote]
Funds managed by Prashath Jain have been underperforming in the last one year. But he is hopeful for the next year and focusing on IT now( Read a recent interview of him). I stopped SIPs in HDFC top 200. I planning to start sips in other fund houses like ICICI, Quantum or IDFC.

[MaxTorque]

Originally Posted by mobike008

Good Move. Even Iam doing exactly the same and also invested a bit in real estate ( plots etc..) so that there is a decent spread

Better start a recurring deposit and keep the money in bank account and transfer to PPF account by last week of March. If I am not wrong, the interest is calculated on 31st March. Experts may correct if I am wrong.

Originally Posted by ontheroad

I stopped SIPs in HDFC top 200. I planning to start sips in other fund houses like ICICI, Quantum or IDFC.

Even I also topped my SIP in HDFC Top 200 and now started SIP in UTI Opportunities Fund.