Hi all, I'm planning to invest money in mutual fund. My kid is one year old. I think this is the right time to invest money. From next year he has to be put in play school so I can't do investment after that... So pls give me some suggestions on investing. Is it right to invest in sip or mutual fund or can I put the money what I have in fd for 5 years. Pls help me... Thanks and regards, Lakshmi
Hi Laksmi, I suggest you go through "The Hindu" newspaper. They list so many long term investments and the money you have to invest for them. Its like for your kid, you can invest 5000 or 6000inr every month upto 10 or 15 years and then later you can get a huge amount. It is like a compound interest on your amount and then again principal + interest gets multiplied over years. I think this gives you more money than FD. The longer period you opt, the less amount you have pay per month.
Hello Lakshmi Madam, My Suggestion to you is, open an RD account in the name of your kid in any bank with you as natural guardian. Banks are offering very good RD plans which you can utilize it. The interest will be calculated on cumulative basis that will give you a better yield on maturity. I would not recommend you to go for any mutual fund as it is subjected to market risk. Happy investing. Thanks and Regards, Nanda
50% invest in Equity funds and 50% in guranteed returns like PPF, NPS and children education scheems. Blue chip funds are good to target. At current levels(26k), Gold is attractive investment and looks like it will reach 24K in next 3 months...
