I m 23 yrs old working in mnc n getting 30000 pm i want to invest my money to get maximum profit. kindly help?

i m working in mnc n getting 30000 pm i want to invest my money to get maximum profit, kindly tell me where i will invest. n aslo tell me the drawbacks.

I really try and avoid mutual funds. Warren Buffet and Donald Trump don't use them so neither should you.

a lot of funds have loads and management fees. You're paying a lot of money for someone else's opinions. Also I believe that a lot of banks "churn" their mutual funds in order to make more commission income.

I use a diversified portfolio of stocks. I might not be as diversified as a mutual fund, but I play conservatively and have put up better returns than most equity indices.

Mutual funds are best option for you.

U can try minvestments if u invest about 50$ they will give u returns of about 5000$ after 150 business days, with no xtra charges. This company is online from 2000. It pays u through e-gold. Go to http://www.minvestments.com

If u have some knowledge about shares u could go after it.It is profitable but dont rush into it,or go for some mutualfunds.

have you arranged for your basic needs... consumer durables, house, marriage... etc...
i think you may go for FDs in post office or banks... as you may need money in the time to come...

As u said that u r 23 yrs old..u've just started yr career...its good that u wanna invest....its always better to invest in Mutual Funds if u donnow much about Shares and share markets...
investing in mutual funds gives u advantages of Professional management, Portfolio diversification, Reduction in Risk, Flexibility and convenience, Liquidity etc....
U can start off with taht and may be over aperiod of time ull get in touch with things and u can later invest in direcr equity(shares).
whatch CNBC tv18 or ntdv profit durin working day from morning 9 to 3:30 pm ...ull have a glimpse of the market...
contact some bank..most of the prive banks like ICICI,HDFC,KOTAK will have Investment Advisory team....they will suggest u which fund to invest in based on your risk profile..they will consider things like..how much u can invest..when u want your returns...what kinda risk u can take etc.
i wish u the very best......
Happy investing..

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Comparision of ULIPS vs MFS (India)

Primary Objective
MFs : Investments
ULIPs: Protection + Investments
Investment Duration
MFs: Works out for Medium term, Long Term Investors. Risky for Short Term investors.
ULIPs: 10 years and above Investors only.

Tax Implications


MFs: All investments in MF's don't qualify for section 80C. Only investments in ELSS qualify for 80C.
ULIPs: Section 80C benefits are available on all ULIP investments.



No Guarantees



MFs: No investment is risk free. If the entire stock market declines in value, the value of mutual fund shares will go down as well, no matter how balanced the portfolio. Investors encounter fewer risks when they invest in mutual funds than when they buy and sell stocks on their own. However, anyone who invests through a mutual fund runs the risk of losing money.





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