Publication details: Money Manager – CNBC Bajar – 21-04-2016

Responses, opinion and view from Kartik Jhaveri.

Question sent by Pragnesh Radhanpura:-

I invested Rs. 60,000 in Axis Liquid Fund. Then I transfer Rs. 5,000 monthly through STP in Axis Equity Fund. Is this strategy right or wrong? Also I want to start an SIP. Please advice as to where I can invest?

Advice given:

  1. There is nothing wrong with your strategy. Instead of investing in equity mutual funds via lumpsum, it is a good move to first park the amount in a liquid fund and enter equity mutual funds in a staggered manner. This helps you take advantage of any volatility in the market.
  2. You can start an SIP in a mid & small fund.
  3. If the SIP is a larger amount, you can even consider sectoral exposure.
  4. You can maintain an overall asset allocation of:
    1. Diversified – 40%
    2. Mid & Small – 30%
    3. Sectoral – 30%

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