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How to invest in mutual funds with little money monthly? |
I plan to invest little money in mutual funds....maybe a couple of hundreds dollars every month. Is it a good idea for small investment? TC nailed it there are plenty of NO LOAD mutual funds out there that are very affordable. Take a look at CWGFX (I own it) for a good well balanced all world affordable fund. an excellent idea! The trick is to find one that will let you buy into it that way. If you can't find one, just place the money in a savings account, until you have enough. go to a bank or federal credit union & ask. I have one at my union for 50 per month |
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it depends upon- the investment plan u invest if u use one - which has lockin period then- u cannot withdraw money - but more interest if u use one without lock in period- more risk, ane time... for low risk make 5 part invest one in Gold fund, balance fund , chola hedge fund, FOF, MIP hdfc icici uti sbi are good more on my blog ...check for rating reports on mutual funds - either Fitch or CRISIL...that should indicate the pool asset quality and performance - especially systems in place for fund managers etc ...Attempts to time the market are futile. Instead, try investing your money bit by bit, month by month so that your cost averages out. If the market goes up, you'll still get gains, if the mar... no idea ICIC has good funds and accounts ...You can put as much money as you want inot an account for as long as want. Some funds do have minimum amounts and some my charge a fee if the money is in for too short a time. Contact a fund co... A very difficult question to answer. I see that you have a previous response that said yes and one that said no. The problem is that no one knows for sure what the future might hold. Here is wha... For tax savings you can go for investments that are eligible for tax deduction U/s 80c. Your taxable income will be reduced to the extant of your 80c investments subject to maximum deduction of Rs.... |
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