Student Level Investment: Where to Invest?
Today one of my Junior Friend Nikhil Mehta who has just passed out MBBS had asked me the following query.
"I'm interested in student level investments , plz do suggest me where n in whom to invest ? Thanks"
Well Nikhil, You have just passed out MBBS and I am glad that you want to start Investment. There is an old saying in Investment world,
“The Best Time of starting Investment was 20 years before and the Second Best Time is NOW…!!!”
So Start Investing Now or as early as possible in your life. Here is my opinion about from where can you start?
Well, if you don’t know anything about Investments than Start investing from some good Equity Diversified Mutual Funds having past record of at least 3-5 years. You will find all the details about Mutual Funds of India on the Valueresearchonline.com. Here is a Link.
Start Investing in 4-star or 5-star rated Equity Diversified Mutual Funds suggested by Valueresearchonline. It is India’s most reputed fund rating agency.
Let me suggest you few Equity Diversified Mutual Funds for Student Level Investment. You can start SIP (Systemic Investment Plan) in any one of the following mutual funds.
01) SBI Magnum Contra Fund
02) DSPBlackrock T.I.G.E.R. Fund
03) HDFC Top 200 Fund
04) Reliance Growth Fund
Once you start investing in Mutual Funds, simultaneously start watching & reading stock market news. Also study the portfolios of various mutual funds and understand which stocks of India are Best. Here are few websites where you can get all the information about stocks.
01) Moneycontrol.com
02) ICICIDirect.com
03) Sharekhan.com
Now, Remember one thing in your mind forever. The ultimate playground for investors is Direct Stock Investing. So you should be master in Stock market analysis over the time. Here I am suggesting you one real time stock market game that you will like very much.
Moneybhai.com will give you virtual Rs.25 lakhs for investing in the stock market. Here the ups and downs of the stock prices will be real. So you will gain so much knowledge about the Indian Stock market.
Your age is only 23 and that’s why I am suggesting you only Equity Investing. Later on you can invest in Bonds, Gold & Real Estate also. But it is advisable that during the early stages of your life, you start with Equity because it has tremendous potential to make money.
Another suggestion I would like to give you is that, Open a Demat account with any brokerage house. I prefer ICICIDirect.com Because you can invest online with a click of mouse only with this. If you have ICICI Bank account than they will give you the User name & Password for your demat account. So it will be very easy for you.
So anyway…..
Best of Luck & Start Investing Right Now….!!! There is a Wealth of Information about Money & Investing on this Blog. If you still have any query than let me know…!!!
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