Mutual fund investment for long term
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I am 20, and would like to invest <=500 for the long term in different mutual fundsย like rs100 in each to avoid risk (when I am in emergency, so that I can take it in future) . I don't know any. Kindly suggest where and on which to invest, I have an account in kotak, HDFC, Jupiter shall I invest in there itself?
Thanks for helping
Thanks for helping
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https://www.desidime.com/comments/permalink/10126541
I would suggest to study and get a job so that you can invest at least 5k. at 20 don't go forย sip calculator which shows crore of returnsย in x years. after 40 years 1 crore maybe like 10 lakh of today.. at 20 build your career instead of wasting time thinking of sip/mutual fund etc.
even if you double your investment in 1 year it will hardly be like 6k-> 12k butย if 5k per month investment then 60k-> 120k . see the absolute difference.
https://www.desidime.com/comments/permalink/10126601
Agree, after my expenses I am leftover with that rs500. I am spending that amount on absolutely wasting things or street food. So, not wanting to do any research whatever other dimers inform going to invest on that.
https://www.desidime.com/comments/permalink/10126731
At 20.. i did not even know how to properly pleasure myself
and here you are, financially mature and wise enough to want to diversify.
But if you are reasonably educated (or reasonably uneducated).. then at this early age.. it seems a bit like 'over' diversification (to me).
As Asians, and that too desi ones, being risk averse is good... but God be willing.. you still got 6-7 decades of productive time ahead of you.
Can take little more risk.
Unclear if you meant โน500? Like in a year? In a month?
If sticking to MFs, better stay clear of the MF's (mother f) which are into derivates, are thematic, are into heavy portfolio churning or are vice funds (India does not have much, but in other markets.. vice funds are big. They invest in casinos, liquor and what not).
You seem like following the 'slow and steady wins the race' philosophy.
It is good.๐๐ผ even though you may never become a Vijay Mallya, Samuel Benjamin Bankman.
Convenience is just about preferences.
(Not that I am 'projecting' but this time I avoided to use air-conditioning in my room even when temperatures were above 40ยฐ C. If domestic help's families do not die, neither will I.)
It can really convenient to use a middle-person, broker, advisor/platform to invest.
And itcan also DOES give one a learning curve.. to get to climb the ropes by oneself.
No one can be 100% unbiased unless they are 'God', but sites like valueresearchonline or Mobeylife (brainchild of the person who is credited with writing about the Harshad Mehta scam).. are relatively neutral and hopefully not influenced by gifts/ money from fund houses.
AMFI itself gives basic trend charts and can help research about which fund managers leave job every 3-4 years or follow an aggressive versus more stable approach to investing.
Based on ๐๐ผthese๐๐ผ.. the option of directly logging on to the site of the fund hose or walking into their office to invest in even a SIP is possible.
Yes, your uncle's brother-in-law (agent cum advisor), hdfcsecurities, sharekhan, groww, anand rathi securities and so on.. can be convenient.. but like I mentioned.. at twenty.. you got plenty of time to even learn from some mistakes and better still build your foundation/ knowledgebase. Be it via 100% trial and error or by 20% self experience and rest from other's help.. is an open ended choice.
Apart from Mutual Funds, a thought can also be given to saving enough to have some corpus of 5-6000โน and also 'hedging' with bullion (gold, silver).. which too is reasonably liquid (liquid = easy to sell).
Say if one purchases government bonds or digital form gold.. then there is ABSOLUTELY ZERO cost of storage (except perhaps demat charges) and nearly no risk of it getting stolen.
Government bonds have practically zero risk of default. But they might require one to 'lock' (the funds) 'in' for some time.
Bullion.. like almost anything else has the risk of price movements.
Although (personal opinion only) it is unlikely to give poor returns in 10-20 years, even after adjusting for inflation.
[๐ฎ๐ฆ๐ฉ๐ฆ๐ฏ๐จ๐ข๐ข๐ช ๐ฌ๐ข 7-8 ๐ฑ๐ฆ๐ณ๐ค๐ฆ๐ฏ๐ต ๐ฏ๐ช๐ฌ๐ข๐ข๐ญ ๐ฌ๐ข๐ณ ๐ฃ๐ฉ๐ช.. ๐ฅ๐ถ๐ด ๐ฃ๐ฆ๐ฆ๐ด ๐ด๐ข๐ข๐ญ ๐ฎ๐ฆ๐ช๐ฏ '๐ด๐ฐ๐ฏ๐ข ๐ค๐ฉ๐ข๐ข๐ฏ๐ฅ๐ช' ๐ต๐ฉ๐ฆ๐ฆ๐ฌ ๐ต๐ฉ๐ข๐ฏ๐ฌ ๐ณ๐ฆ๐ต๐ถ๐ณ๐ฏ๐ด ๐ฅ๐ฆ ๐ฉ๐ฆ๐ฆ ๐ฅ๐ฆ๐จ๐ข ๐ข๐ช๐ด๐ช ๐ถ๐ฎ๐ฆ๐ฆ๐ฅ ๐ฉ๐ข๐ช.. ๐ฌ๐ฉ๐ข๐ข๐ด ๐ฌ๐ฆ ๐ช๐ด๐ด ๐ข๐ด๐ด๐ฆ๐ต ๐ค๐ญ๐ข๐ด๐ด ๐ฎ๐ฆ๐ช๐ฏ (it is one of the most liquid commodities. Unless one is in a deep forest among other animals only, someone is always available and ready to buy gold, silver).
and here you are, financially mature and wise enough to want to diversify.
But if you are reasonably educated (or reasonably uneducated).. then at this early age.. it seems a bit like 'over' diversification (to me).
As Asians, and that too desi ones, being risk averse is good... but God be willing.. you still got 6-7 decades of productive time ahead of you.
Can take little more risk.
Unclear if you meant โน500? Like in a year? In a month?
If sticking to MFs, better stay clear of the MF's (mother f) which are into derivates, are thematic, are into heavy portfolio churning or are vice funds (India does not have much, but in other markets.. vice funds are big. They invest in casinos, liquor and what not).
You seem like following the 'slow and steady wins the race' philosophy.
It is good.๐๐ผ even though you may never become a Vijay Mallya, Samuel Benjamin Bankman.
Convenience is just about preferences.
(Not that I am 'projecting' but this time I avoided to use air-conditioning in my room even when temperatures were above 40ยฐ C. If domestic help's families do not die, neither will I.)
It can really convenient to use a middle-person, broker, advisor/platform to invest.
And it
No one can be 100% unbiased unless they are 'God', but sites like valueresearchonline or Mobeylife (brainchild of the person who is credited with writing about the Harshad Mehta scam).. are relatively neutral and hopefully not influenced by gifts/ money from fund houses.
AMFI itself gives basic trend charts and can help research about which fund managers leave job every 3-4 years or follow an aggressive versus more stable approach to investing.
Based on ๐๐ผthese๐๐ผ.. the option of directly logging on to the site of the fund hose or walking into their office to invest in even a SIP is possible.
Yes, your uncle's brother-in-law (agent cum advisor), hdfcsecurities, sharekhan, groww, anand rathi securities and so on.. can be convenient.. but like I mentioned.. at twenty.. you got plenty of time to even learn from some mistakes and better still build your foundation/ knowledgebase. Be it via 100% trial and error or by 20% self experience and rest from other's help.. is an open ended choice.
Apart from Mutual Funds, a thought can also be given to saving enough to have some corpus of 5-6000โน and also 'hedging' with bullion (gold, silver).. which too is reasonably liquid (liquid = easy to sell).
Say if one purchases government bonds or digital form gold.. then there is ABSOLUTELY ZERO cost of storage (except perhaps demat charges) and nearly no risk of it getting stolen.
Government bonds have practically zero risk of default. But they might require one to 'lock' (the funds) 'in' for some time.
Bullion.. like almost anything else has the risk of price movements.
Although (personal opinion only) it is unlikely to give poor returns in 10-20 years, even after adjusting for inflation.
[๐ฎ๐ฆ๐ฉ๐ฆ๐ฏ๐จ๐ข๐ข๐ช ๐ฌ๐ข 7-8 ๐ฑ๐ฆ๐ณ๐ค๐ฆ๐ฏ๐ต ๐ฏ๐ช๐ฌ๐ข๐ข๐ญ ๐ฌ๐ข๐ณ ๐ฃ๐ฉ๐ช.. ๐ฅ๐ถ๐ด ๐ฃ๐ฆ๐ฆ๐ด ๐ด๐ข๐ข๐ญ ๐ฎ๐ฆ๐ช๐ฏ '๐ด๐ฐ๐ฏ๐ข ๐ค๐ฉ๐ข๐ข๐ฏ๐ฅ๐ช' ๐ต๐ฉ๐ฆ๐ฆ๐ฌ ๐ต๐ฉ๐ข๐ฏ๐ฌ ๐ณ๐ฆ๐ต๐ถ๐ณ๐ฏ๐ด ๐ฅ๐ฆ ๐ฉ๐ฆ๐ฆ ๐ฅ๐ฆ๐จ๐ข ๐ข๐ช๐ด๐ช ๐ถ๐ฎ๐ฆ๐ฆ๐ฅ ๐ฉ๐ข๐ช.. ๐ฌ๐ฉ๐ข๐ข๐ด ๐ฌ๐ฆ ๐ช๐ด๐ด ๐ข๐ด๐ด๐ฆ๐ต ๐ค๐ญ๐ข๐ด๐ด ๐ฎ๐ฆ๐ช๐ฏ (it is one of the most liquid commodities. Unless one is in a deep forest among other animals only, someone is always available and ready to buy gold, silver).
https://www.desidime.com/comments/permalink/10127386
Keep buying one share of ITC each in a month .
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You Can Try on Groww app, I'm Also doing same. 5 funds 100rs in each fund.
Kind of Small cap, Large cap, midcap, liquid and 1 can be Sectoral Fund