Hi Friends , i have been investing Rs.5000 in a Recurring deposit so far.But my uncle suggested it is a waste to invest in an RD and i'd do better if i invested in a SIP. He advised me to invest 2500 each in 2 SIP's .
Can you guide me on which Fund houses are doing good ?
Is it better to invest 2500 each in one high risk SIP and the other in a balanced one ?
2007-06-04 17:41:03 · 4 answers · asked by rmg 1 in Business & Finance ➔ Investing
Investing in RD is not exactly "waste". Every instrument is unique and has got some plus and some minus features about it.
If you do not have any experience of share market but wish to invest in shares, usually investments through the mutual fund units is a bit safe and preferred channel. SIP is systematic investment which will be every month. But please remember that when share market goes up the value of mutual fund units will go up and when the market heads down value of units will come down. In SIP, you get to average the cost price over a period of time and is treated as beneficial to the investor.
About which fund house is better? It's very tricky. What is best today may prove worst over a period of time. Past performance is not a guarantee for future performance. You can only hope that the performance continue to be better.
Please check the NAVs of all mutual fund units. There are literally hundreads of schemes available. You can purchase Economic Times or some such business newspaper. They publish the NAV data every day. Read and observe it. Then take a decision urself.
My best wishes for happy investing.
2007-06-04 18:20:45 · answer #1 · answered by Nitin G 7 · 0⤊ 0⤋
if your age is above 45, then go for mutual fund.
Reliance
ICICI prudential
SBI are doing good.
if you are under 45 and doesn't have adequate insurance coverage. then go for ULIP .
ULIP is unit Linked Insurance policy. in other words Ulip is a mutual fund with insurance coverage.
Be sure the initial allocation charges must be low to the level of 5%. because there are many corporates, charges more than 20% which is a loss to your capital.
Ulip has a guarenteed Risk benifit. which lacks in MF.
if you are intrested in Ulips contact me, I will provide the complete details and comparision of various corporates regarding charges and returns.
devaraj0910@yahoo.com
wish you a happy investing
2007-06-05 02:01:23 · answer #2 · answered by Deva 3 · 0⤊ 0⤋
in the present scenario, RD is not at all a loss..infact ur investment is assured so is ur return..
mutual fund, on the other hand, have such guarantee...
further, it would be foolhardy to rely on some1 elses experience .. the best way is to plunge in urself
2007-06-05 05:05:00 · answer #3 · answered by AseemT 2 · 0⤊ 0⤋
in sip will invest minimum 36 months regular basis. if you invest only 5000rs you can do it any good fund any more details ,contact me
2007-06-05 05:12:47 · answer #4 · answered by keral 6 · 0⤊ 0⤋