I'm a new investor and was thinking of starting SIPs in the following.

Please let me know your thoughts about the same.

DSPBR Top 100 Equity Reg - 13%.
HDFC top 200 - 26%.
UTI Dividend - 20%.
Birla Sun Life Dividend Yield Plus - 13%.
IDFC Small & Mid Cap - 13%.
Quantum Long Term Equity - 13%.

From the prespective of investment in Equities, your choice of funds is good. (Note that the percentages add up to 98, not 100).

However for your overall portfolio you should not have all you money in equities. I would suggest that if your risk-taking ability is high, go up to 75% of investments in equities and 25% in debt/fixed income instruments. However, if your risk-taking ability is not high, do not exceed 50% in equities.

All the funds that you have selected have a 5-star rating at valueresearchonline.com. .

It is a balanced portfolio, but would have been better if the dividend yield funds were actually investing in high dividend yield stocks.

Make sure your SIP contributions are small enough for you to invest for at least the next 3-4 years.

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Alchemist don't know why but whenever I see a MF investment post, everyone do have hdfc top 200 into it.

No doubt it have performed better and from inception i guess somewhere 25+, around 31% is its return.

But don't you think that will turn into risky bet as it might be trading at all time high.I remembered 3 -4 years back for tax gain I was suggested the best MF. That was SBI tax gain.And now after 3-4 years even if I take my money out i am not even getting 3% return or in some case return is negative.

So sticking with this hdfc top 200 any good I know sip will nullify the loss making effect which I didn't did earlier.

Hey guys thank you for the inputs.

@sudhasbahu - I am investing in ppf and tax saving FD (to cover the bracket) apart from this so was looking at higher returns from this MF portfolio. Risk wise it's not too much of a problem right now. I had approximated the % .

@alchemist - overall it's about 15k this year. will review this at the end of one year and either keep it the same or increase this a little once i'm more comfortable investing in MFs

@magnet - I was wondering about the same thing.Everyone I know and everywhere people seem to be investing in this fund. Is the MF manager good enough to handle the growth and the big corpus of the fund?

Well I guess

Mr. Prashant Jain (since Jun 19, 03)
Mr. Miten Lathia - Dedicated Fund Manager - Foreign Securities

Are the fund manager and his records are exceptional.

But only thing to worried about is whether in future will it continue it track record. Read some reviews on net of people who started SIP since 2005 and getting 31-33% returns yearly. It's investing in large caps and some mid caps.

According to its april 2011 holding in its 10 investments they have ITC,TCS,Coal india,Titan ,BOB and most importantly tata motors DVR which I feel is smart investment done stuff.

I'll only suggest 3 things.

1::Whenever you invest,invest when there is fall in market.like say today sensex fell 110 point and before 2 pm so that you can take the benefit of reduce NAV than previous day.

2::Try Sip route that way you can nullify any harm done to your portfolio or you can say you can average it.

3::Track your record or performance every 6 months once and after a year add the line.Whether you wish to continue with this investment or not.

Thank you magnet, will keep this in mind .

All others are done. quantum is not listed in icicidirect. Any idea where I can buy this or do SIP from?

Very true Alchemist, I think fund managers prefer to chase higher returns instead of sticking to the stated investment strategy of the fund.

Quantum I guess you have to buy directly as they are not ready to pay any commission to brokerage house like icicidirect, hdfcsec etc.Hence they not supporting them on their platform.