Is it wise investing in HDFC Prudence Fund and Franklin Flexi India Fund?

Answer 1

Both belong to "mutual fund" space. Usually the mutual fund investment is profitable and relatively safe, if you have got a longer time-span for investments. Additionally, it saves you a lot of headache of stock market investments, analysis et al. The appreciation may be slow but without any mental agonies and problems associated with the stock market investments. Hence if you need appreciation sans trouble and agonies in long term, invest in mutual funds.

But before investing, please compare the existing funds and schemes being run by these mutual fund entities. How they have fared - by looking at the NAVs and appreciations.

Observe the goals and funds allocation of these schemes and whether the allocations are adhered to. Also note down the expenses set aside by the AMC as management fees. Compare these things,too.

I wish you all the profits.

Answer 2

Verify the portfolio first and the past history. You can verify at the Financial news papers, like Business times. Look at NAV. Become a member ( free ) at www.sharekhan.com or www. monster.com. Where you get regular tips and updates. But as a rule " do not put all your eggs in a single basket ". Good luck.