Ask Mint | On Investments

Ask Mint | On Investments
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First Published: Mon, Feb 16 2009. 01 15 AM IST
Updated: Mon, Feb 16 2009. 12 41 PM IST
Are SIPs (systematic investment plans) a good investment? If so, can you suggest few good SIPs?
Prashanth Raj
An SIP is an excellent way of investing. Some good schemes for investment through SIP are Sundaram BNP Paribas Select Focus (Reg G), UTI Banking Sector Fund (G), Tata Infrastructure Fund (G), Kotak Opportunities (G) and HDFC Top 200 Fund (G). However, before investing you must define your risk profile and decide on a time frame for investments, which should be for a minimum of two years.
I have Nifty 3,100 calls bought at Rs20. Should I wait till the Nifty crosses 3,000 or exit at current levels? Further, should I buy March 2,600 put at current levels?
Rajesh
You may hold your calls till this week. But watch out for the Nifty’s resistance at 3,068 and 3,140 points, respectively. If the Nifty fails to sustain above 3,068 points, some profit selling would be good.
Answers are based on a technical analysis of the markets and individual stocks. The views expressed on this page are not the newspaper’s opinion and are provided for information purposes by Vipul Verma. Readers are requested to do their own research before participating in the stock markets. Neither the paper nor the information provider will be responsible for any outcome based on information provided here.
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First Published: Mon, Feb 16 2009. 01 15 AM IST