Need Guide For Investing In Mutual Funds For First Time

C

chirag

Member
#1
#1
Hello Everyone!
I am a student and have recently started doing a part time job.I am interested in investing my salary (since its only laying idle in the bank)
I have heard Mutual Funds are like Fixed deposits but with higher interest rate. is it true?
What do i need to invest in MF?
whats the minimum amount required?
what kind of interest rate can i get? can i get 20 or 30%?
whats the time period for which i have to invest?
i was reading about MF and i came across a lot of types like debt, equity and so on. what are those?

I can invest Rs 3000 per month and have Bank Account in IDBI. If the seasoned players can guide this starter, it would be very helpful of you all :)
 
Rish

Rish

Well-Known Member
#2
#2
chirag said:
Hello Everyone!
I am a student and have recently started doing a part time job.I am interested in investing my salary (since its only laying idle in the bank)
I have heard Mutual Funds are like Fixed deposits but with higher interest rate. is it true?
What do i need to invest in MF?
whats the minimum amount required?
what kind of interest rate can i get? can i get 20 or 30%?
whats the time period for which i have to invest?
i was reading about MF and i came across a lot of types like debt, equity and so on. what are those?

I can invest Rs 3000 per month and have Bank Account in IDBI. If the seasoned players can guide this starter, it would be very helpful of you all :)
Click to expand...
Don't invest on Mutual Funds.

Any 200 points dip, buy Nifty Bees and keep it. All probability nifty has to move (Even if it goes down to 2000 level again it will bounce, whereas scripts not necessary to bounce back to original level) above 7000 and levels are infinitive. YOUR CAPITAL is always protected in the long run.

Whereas Mutual Fund, you will never have control over there investment pattern. Also, Mutual Funds are Govt. Approved criminals playing with investors money.

This is my view and decision is yours.
 
R

rvm123

Active Member
#3
#3
Mutual funds normally collect money from the retail investors and invest in shares / bonds. Their value (which is Net Asset value - NAV) may go up if the shares they had bought appreciated. If share market is bullish, they may get a good return. But the return cannot be predicted. If u put your money in a Fixed Deposit, u may know the interest rate given by them. But here there is no guarantee. It may give positive return or negative also. If your are interested in investing in shares and if you do not know in which companies to invest, u may go for mutual funds, because they are supposed to have expertise in investing in share market. Rs.3000/- per month is good enough to begin with investing in mutual funds.

If the mutual fund invests in shares, it is commonly called as equity. if they invest in bonds / deposits, etc where they will get interest on the deposits made, it is called debt.
 
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