Prateek Desai from Gujarat has a piece of advice to readers of this blog :
I would like to suggest an alternative to passive mutual fund investing:-
(A) Avoid SIP of fixed date. Keep aside a small sum every month to invest in diversified or ELSS funds.Invest by net transfer when markets around lower band.
(B) Wait for about 15-20% appreciation. Take out the profit and shift profit to MIP Plans(I prefer HDFC and Reliance MIP)
(c) Do this regularly and see that you will achieve very high returns. Maintain this strategy to create your retirement corpus rather than pension plans of ULIPS. I have done this for last five years and obtained over 40 % compounded yearly. Lastly, Have patience. You will be rewarded. Regards
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