I would like to invest Rs. 5,00,000 in the Indian mutual funds. I would be grateful if you can please tell me some good mutual fund schemes which have given good returns for the last three years. I can spare this money for 7 to 10 years. Grateful for your advice
2007-03-10 22:18:47 · 9 answers · asked by Lov 2 in Business & Finance ➔ Personal Finance
Whatever others might say, there is no holy grail here. The only true and tested way of investing for the retail investor is to invest in a mutual fund SIP (Systematic Investment Plan). However, because the market is now trading at a 10% discount, you would be amazed that investing your Rs 5 Lakh today would yield around Rs 25 Lakh in 10 years time.
The best choices in Mutual Fund are
Franklin Blue Chip, Franklin Flexicap, Franklin Prima, HDFC Equity, HDFC Prudence, HDFC Tax Saver Fund, HSBC Equity, Reliance Growth, Reliance Vision, SBI Magnum Contrafund, Sundaram Mid Cap and Templeton India Growth
My firm advise is NOT to enroll in any PMS (Portfolio Managment Service) schemes. These scamsters tend to desert you when the market takes a dive (like in 2000 to 2003). Instead, just research online at valueresearchonline.com or myiris.com and learn how to invest in Mutual Funds.
2007-03-12 07:39:07 · answer #1 · answered by justinageneralway 3 · 1⤊ 0⤋
Hey nice to see you are a patient investor and not a type that want to earn fast money from market. As you have very good 5,00,000 rs capital i will suggest you go for portfolio investing plans rather than investing in any mutual fund. There are many companies which provide assent management solutions like ICICI preduncial, 5paisa.com, Motilal Oswal securities. I am a active player in stock market and know how much money you can make by investing in Portfolio management schemes. You can easily gain upto 40% returns on your investment.
So look Out for PMS ( Portfolio Management Services)
2007-03-10 22:35:54 · answer #2 · answered by niksforhelp 2 · 0⤊ 0⤋
HDFC Mutual Fund & their series of products also SBI Mutual Fund, Tata Mutual Fund & UTI Mutual Fund.
2007-03-11 03:00:18 · answer #3 · answered by Monk & his Ferrari 3 · 0⤊ 0⤋
As far as I know,
SBI Mutual Fund......
even more safe than UTI....
But you ask every MF guy.... this
why not I invest in the other mutual funds....
Then he will tell you the draw backs about others.....
And Soon... you will know about all the MFs
and
you will know the best one your self.
No one is permanently the best or worst.
2007-03-10 22:48:55 · answer #4 · answered by surez 3 · 0⤊ 0⤋
visit valueresearchonline.com and find out the 5star rated funds and also find the returns over a period say 1 yr,2yrs 3yrs, 5 years and from inception.
Good Luck
pnkmurthy@yahoo.com
2007-03-11 18:50:58 · answer #5 · answered by toknowmore 4 · 0⤊ 0⤋
Follow the daily bulletin
2007-03-10 22:21:05 · answer #6 · answered by Expression 5 · 0⤊ 0⤋
Unit trust of India. safe investment. no risk
2007-03-10 22:24:46 · answer #7 · answered by Anonymous · 0⤊ 0⤋
take 10k and divide them in half, take 5 k and buy ICG, wait untill it goes up 30% and take profits...if it goes down 20% double the number of stoks and so on...good luck
2016-03-28 23:57:51 · answer #8 · answered by Anonymous · 0⤊ 0⤋
ELSS sbi magnum/reliance tax saver/hdfc /ICICI
GROWTH ICICI DYNAAMIC / RELIANCE growth / ICICI INFRASTRUCTURE
nfo uti gold fund
2007-03-11 07:17:33 · answer #9 · answered by ssg 2 · 0⤊ 0⤋