Hi....i earn rs.10000 per month..i want to invest around 2000 per month in mutual funds..pls suggest?

Question

pls suggest where should i invest so as to get maximum returns..

also i do not pay tax.......... so pls direct me in that regaurd also

Answer 1

Hi Nidhi,

very good thinking. You can invest through Mutual Fund Systematic Investment Plan.

Recently Reliance Mutual Fund offered SIP alongwith Insurnace coverage. You can go with it. I think this is the right time to go for SIP which providing Insurance coverage also. For more details contact me over

[e-mail]

shyam.

Answer 2

nidhi,

as of now avoid investing in equity markets.Still if u want to invest in MFs ...u can opt for SIP . For more informtion & query join : http://www.orkut.co.in/Community.aspx?cm...

Answer 3

It's a good decision to start investing in mutual fund. Please remember all the time are good to start investing. But I caution you that investments should not me made with the goal of high returns only. As the risk also increases with return, the first criterion should be protection of capital that you invest, secondly if the return is worth the risk and then if it fits into your financial plan.

Please find out the purpose of your investment like buying something, future home, pursuing studies, savings for future etc. Check out how much you require to save for that (try calculators in moneycontrol or similar websites). Then go for SIP in selected funds. Any professional advisor holding AMFI certification can help you.

For TAX saving scheme check www.valueresearchonline or www.moneycontrol.com for the same. Do some research in the financial sites and then take decision. Don't take the more than 1 year return figures as actual returns. Look for absolute returns for the scheme you wish to invest. Go to the website of the mutual fund and read the Key Information Memorandum for the scheme choosen.

If you require any more help, you can contact me.

Answer 4

Start a SIP (Systematic Investment Plan) with one fund (rs. 2000) or 2 funds (1000 each). Select a 4 or 5 start rated equity mutual funds. Moneycontrol.com and valueresearchonline.com are best companions to check the star rating.

Keep invested for long term. Long term investor not required to bother about market up and down.

does this make sense