Monday, September 22, 2008

Where to invest

akshaych21 on ( 09-Aug-08 17:59 )

Iam akshay ,23yrs of age from chennai. i have invested about 40000 in reliance mutaul funds i.e, 5k in vision fund growth , 5k in equity fund growth, 30k in natural resources growth. what should i do with it now. i can wait for 2 more yrs on all. iam also willing to invest another 50k for about 5yrs. my goal is to double or more my investment in this time, so where can i put these funds


Dear Akshay,
You have age on your side. So, time should not (in normal circumstances) be a problem for you, to stay invested.

All your investments right now are in 1 single Fund House, Reliance, which is not a good sign. But all the three funds are good investments, may be a bit on the higher side in Reliance Natural Resources Fund. As you are willing to wait for another 2 years, there is no need to worry about these investments.

Your willingness to invest another 50k (for about 5 years) is a good sign. And your return of double in 5 years should not be a problem. With these in mind, I recommend the following 5 funds for you, invest 10k in each of them
Birla Sunlife Equity Fund
DSPML Top 100 fund
DWS Opportunities Fund
Fidelity Equity Fund
Sundaram Select Focus.

In future, do try to invest through SIPs.
Best of luck,

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