13 January 2013
Gold is, at best, a hedge against inflation :: Business Line
I have invested in the following funds through SIP from August 2010.
1) BSL Dividend Yield Plus - Rs 2,000
2) HDFC Equity - Rs 3,000
3) HDFC Top 200 - Rs 2,000
4) Reliance Regular Savings Equity - Rs 2,000
5) Templeton India Growth - Rs 2,000
I stopped the SIPs in funds under serial number 4 and 5 in March 2012 and started investing Rs 2,000 in IDFC Premier Equity and Rs 3,000 in DSPBR Top100.
Could you advise me on which fund to retain/add to make it an ideal portfolio?
Manjula
Higher NAV deters investors from direct investment schemes ::Business Line
Allotment of fewer mutual fund units due to higher NAVs is leaving retail investors investing through the direct investment plan confused.
Under this plan, investors invest directly without intermediation by the distributor. As there is no distribution fee, investors are charged a lower expense ratio by the fund house, translating into a higher NAV (than normal growth scheme).
For instance, the NAV of HDFC Long-Term Advantage Fund — Growth Option is Rs 149.686 while the same for Direct option is Rs 149.706.
A higher NAV will fetch lower number of units to invests, which is worrying them. For instance, if the NAV of a scheme increases to Rs 10.50 per unit from Rs 10 earlier, then for an investment of Rs 1,000, the number of units allotted would decrease to that extent.
The new investment plan has come into effect from January 1
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