I have started investing in mutual funds . I am investing in three mutual funds in SIP mode. Please review and provide feedback.
1. HDFC Top 200(G) - 1000 pm
2. HDFC Midcap opportunities(G) - 1000 pm
3. UTI Dividend Yield(D) - 1000 pm
4. HDFC Cash Management Treasury Advantage(G) - 3000 pm
5. IDFC Ultra short term (G) - 2000 pm.
The 4th and 5th funds are used to keep my monthly savings. Chose them because they are ultra-short term funds which have a very low exit load.
I will increase the investing amount to 1-3 funds as my financial background improves.
Please provide feedback on my approach.
1. HDFC Top 200(G) - 1000 pm
2. HDFC Midcap opportunities(G) - 1000 pm
3. UTI Dividend Yield(D) - 1000 pm
4. HDFC Cash Management Treasury Advantage(G) - 3000 pm
5. IDFC Ultra short term (G) - 2000 pm.
The 4th and 5th funds are used to keep my monthly savings. Chose them because they are ultra-short term funds which have a very low exit load.
I will increase the investing amount to 1-3 funds as my financial background improves.
Please provide feedback on my approach.