I am 23 years old & I want to invest RS.2000 monthly ? Please suggest !

POSTED BY ranak ON May 20, 2014 8:09 pm COMMENTS (3)

I am 23 years old.i want to invest RS.2000 monthly. Where do i invest it for long term (10years)?

3 replies on this article “I am 23 years old & I want to invest RS.2000 monthly ? Please suggest !”

  1. Hemanth Chandra says:
    May 21, 2014 at 9:45 pm

    Please go through the articles by Manish on mutual funds.

    Reply
  2. ranak says:
    May 21, 2014 at 5:15 pm

    @viren phansalkar

    sir,

    Through some light on how to invest in sip,
    I dont no anything about sip
    what is the procedure to start investment in sip?

    Reply
  3. Viren Phansalkar says:
    May 21, 2014 at 9:25 am

    RD, SIP in liquid funds, SIP in hybrid MFs or SIP in debt funds.

    Moreover, it would depend upon your end use.
    Example: if the usage of this money after 10 years is for child’s education, go for mix of RD and SIP of hybrid/liquid MFs
    If the usage of this money is buying house or car (which can be post poned by another year or something), go for SIP in hybrid MFs

    Reply

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