Mutual Funds.
@rameshkumaar57 (5908)
India
January 29, 2011 9:07am CST
Since this is a money making forum, let me start a discussion on Mutual Funds. One can start investing in Mutual funds with very little money. One can even invest Rs.100 every month, and this corpus will grow to a hefty amount after a few years.One must really start investing in a young age, so that one can make a lot of money. My fellow mylotter, you can also invest the money, which you are earning in my lot in Mutual funds and be rich in a few years.
I would like to hear your view on this.
1 person likes this
7 responses
@dearlene (78)
• Indonesia
29 Jan 11
I think it is very good if you invest on Mutual Funds. Some of my friend already invest on this and it is realy can gain profit especially you investg for long term. It is clasify high risk- high return, middle risk - middle return, or low risk - low return. which one you choose it is depend on you.
I myself jus try it with very little amount of money. are you interesting ?
@rameshkumaar57 (5908)
• India
30 Jan 11
dearlene, it is always better to invest in a balanced fund, if you are first time investor.
Later on you can always invest in equity oriented funds. Do not invest in debt funds. Equity oriented funds, might be a little high risk, but if you are going to stay for a longer time, i.e. for atleast 3 years, it is better to invest in equity oriented funds. Remember equity funds are the ones who can give returns as big as 50% to 60%
@slayer23 (35)
• Philippines
30 Jan 11
ahm, how does it work? where could i find or start this mutual fund? i have no idea about this thing. Is it legitimate?
@rameshkumaar57 (5908)
• India
30 Jan 11
It is the most legitimate thing in the world.Just find out from the net about mutual funds in your country, and you can start investing in it. Whatever spare cash, you have can be invested in mutual funds.
@sudiptacallingu (10879)
• India
4 Feb 11
I’m not sure about the safety aspect of mutual funds. I believe they are market linked hence we can expect hefty returns in a few years...what if the markets crash or what if the company turns out to be a cheat! I feel its not a very safe option of people like us... middle class office goers with very little expendable income. I’d rather wait for a fixed time and get little return from banks, post offices or NSC/KVP rather than risk my hard earned money.
As for mylot, the earning here is as it is peanuts, you know that very well. Most of us are here for the pleasure of interacting with friends, rather than money.
However, I’ve also some money in LIC which seems good enough...what do you think?
@rameshkumaar57 (5908)
• India
4 Feb 11
Regarding the safety part, not any company can start a mutual fund, like some companies accept deposits.This is a safe option, when compared to the fixed deposits which some companies accept.There is S.E.B.I., which takes care of these companies, so that the companie's do not turn out to be a cheat.
Yes, the diversified equity funds, are linked to the stock market, and basically,these are the ones which gives a better returns than the other instruments. At the same time, there are also debt funds, as well as liquid funds, which are quite safe, but the returns are quite small, but much better than the banks and post offices.
Frankly telling, there is a risk in all these things, but when we expect a little more than the banks, we have to take the risks.
Further more, in banks, and post offices, the money is locked for a certain periods,so that it is not available to you in an emergency, where as it is not in the case of Mutual funds, where you can get your money back, within 5 to 7days.
@amirev777 (4117)
• India
2 Feb 11
Hi
yeah i agree with you that SIP mutual is a real good as you keep on investing monthly and the corpus keep building up or accumulating. I also agree with you that starting at young age is the best thing to do, so when you are of the age of retirement, you have a solid lump sum amount. But are there any mutual fund that allow you to invest as low as Rs 100 p.m.?
@rameshkumaar57 (5908)
• India
2 Feb 11
Of course there are mutual funds, which accept even Rs.100 p.m.But what is the use of just saving Rs.100.In my personal opinion, I feel we should save at least Rs.500 p.m. minimum and that too in the growth category, for us to make some real money in the long run.
@zweeb82 (5653)
• Malaysia
29 Jan 11
I've heard of mutual funds before but never got to come around to it. And yes indeed, can't agree with you more that starting to invest at a young age is definitely a wise choice!~
@rameshkumaar57 (5908)
• India
30 Jan 11
Yes, it is my wish to see all the young people in Mylot start saving for their future. If you want to have any doubts to be cleared in Mutual funds, you can ask me any time.
1 person likes this
I'll always bear that in mind. Will come around if I need any help. Thanks again!~
@piya84 (2581)
• India
30 Jan 11
I am myself stock market trader and yes i do have some long term investment in different sectors but i have not invested in mutual funds.I prefer to manage my money myself.
@rameshkumaar57 (5908)
• India
30 Jan 11
piya94, since you are a stock market trader, I do not have anything to say to you.The only difference in investing in stock market and mutual funds, is mutual funds are a little bit more safe than the market.But then the profits which you make in the market cannot be compared with mutual funds.
Mutual funds are basically for very young people who want to start saving at a young age or for middle aged people who cannot take a risk.
@nainesh1 (1656)
• India
29 Jan 11
I am investing money in the mutual funds with the systematic transfer plan, I do wish to start one more with SIP when I can pay it purely from my online earnings .
Mutual fund investing is very good option to earn when you don't know where to invest with minimum of risk and maximum returns. It is advisable to consult financial planner before investing for better results.
@rameshkumaar57 (5908)
• India
30 Jan 11
You are doing the right thing naines1.SIP is the best form of investing in mutual funds. There is no need to consult any financial planners, who usually confuse you, and it is always better to do your own research in the net.You can find a lot of information about mutual funds in the net.
