Please give me some suggestions

#1
Friends,

I tried contacting Angel Broking, Mansukh and Karvy. From what they consulted me, I came to a conclusion that Share trading is not my cup of tea. I do not have time to watch shares every days and even if I do, I think it will take time for me to catch up. I do not want to risk my money in shares when I don't know the abc of it.

I have decided to invest in MFs. Lets say I am planning to invest 2000 INR every month for long term (not more than for 3 years because I have plans to do after 3 years with this money). What mutual fund would you suggest me? What would be the minimum ROI percent you guess at the least.

Thanks for your time! :thumb:
 

yodlee99

Active Member
#2
Good to see that you have decided to stay away from the stocks. As you would want to use your money after 3 years, I would definitely suggest you to invest in recurring deposit with nationalized banks that are insured upto 1 lakh. Banks have recently raised the interest rates for FD/RDs. There are a few banks that offer flexible RD where you can invest how much ever you want to every month within a large range of 500Rs to 1 lakh Rs, i think. Call a few local banks or read the entire document online.

Though debt mutual funds are relatively safer than equity based ones, they are still susceptible to many factors outside ones control. A recent article: http://new.valueresearchonline.com/story/h2_storyview.asp?str=14931
If you decide to take this route for some amount, you can find the best ones under:
http://new.valueresearchonline.com/...=Debt&returns=R1Year&Percentage=0.1&rating5=5

You are better off in staying away from equity based mutual funds for which one needs at least 5 years of disciplined investment.
Good luck!
 
#3
Still I'll suggest to invest in diversified equity fund through SIP. 3 years period is a standard period to get a suitable return. I'll not suggest for bank FD/RD for 3 years.
 

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