I want to invest some amount on mutual funds for my babies future
2007-10-22 21:53:18 · 9 answers · asked by Ramu J Rao 1 in Business & Finance ➔ Investing
The Toppers
EQUITY-DIVERSIFIED
Franklin India Prima
SBI Magnum Contra
Tata Pure Equity
HDFC Capital Builder
SBI Magnum Global 94
EQUITY-ELSS
SBI Magnum Tax Gain 93
HDFC LT Advantage
Pru ICICI Taxplan
Birla Equity Plan
HDFC Taxsaver
BOND FUNDS
UTI Bond
Principal Income
Reliance Income Retail
Templeton India Income
JM Income
BALANCED FUNDS
HDFC Prudence
Templeton India Pension
SBI Magnum Balanced
Pru ICICI Child Care-Gift
Tata Young Citizens
2007-10-22 22:09:25 · answer #1 · answered by rkrish79 5 · 0⤊ 0⤋
Great idea.... ask total strangers, whose qualifications and motives can never be known..... where to in-trust your babies future nest egg.
Good luck with that.
Take a little effort. Read a couple of books on Mutual Fund Investing. Understand risk and asset allocation. Recognize the long term effect of management fees on a fund.
This is all much easier than it sounds. Do the right thing. Be responsible. It will help both of you for a lifetime.
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BTW: Most of the specific suggestions you've received (so far) are absolutely terrible.
2007-10-23 07:52:58 · answer #2 · answered by Common Sense 7 · 1⤊ 0⤋
There are more than 700 schemes by 20 odd asset management companies in India.
First you should decide whether you want to invest in mutual funds among other options available http://www.personalfinance201.com/financial-literacy/fundamentals/where-to-invest-and-why.html
http://www.personalfinance201.com/mutual-funds/fundamentals-of-mutual-funds/why-should-we-invest-in-mutual-funds.html
Understand your risk profile and your entire financial goals (not just children's future), before you take financial decisions.
All this is not scary and time taking but is made to be by uninformed (and sometimes unscrupulous) agents
2007-10-23 05:08:29 · answer #3 · answered by Ranjan 1 · 0⤊ 0⤋
If u r really investing for yr baby's future than dont go for MF.
Go for UNITLINK plans of any good life insurance company ultimately they give good returns for long term invt..
They also invest in MF but charges are less than the MF in the ending years which gives u higher returns..
2007-10-23 05:05:44 · answer #4 · answered by chirag agrawal1 1 · 0⤊ 0⤋
I think you may select Reliance Diversified Power Sector Growth or JM Basic Fund. Both are giving very good returns.
2007-10-23 07:41:50 · answer #5 · answered by Thunder 2 · 0⤊ 0⤋
Go for SBI,they are reliable ,they won't fold and you can transit and redeem online,and their funds are very good.
2007-10-25 04:16:13 · answer #6 · answered by ram pra 2 · 0⤊ 0⤋
birla sunlife international equity fund
2007-10-23 06:32:50 · answer #7 · answered by naythan 2 · 0⤊ 0⤋
invest in this MF mr. rao...
really worth it!!
http://www.utimfenergyfund.com/microsite/index.asp
2007-10-23 04:58:13 · answer #8 · answered by deepak n 2 · 0⤊ 0⤋
Do research yourself at Moneycontrol.com & valueresearchonline.com
2007-10-23 05:22:41 · answer #9 · answered by Bharat 5 · 0⤊ 0⤋