Hi all,
I am 22 year old and I am currently working. I want to buy a smartphone by Mar 2013 and I would request you all to provide me with the investment avenues in Mutual Fund so that I can buy the phone at the stipulated time frame. Here are my income & investment details:
Salary: Rs 16882 p.m.(in hand)
Savings A/c : Rs 92000
RD a/c with ICICI bank: Rs 4000p.m.
Monthly Plus A/c with Union Bank: 4000p.m.
Budget of the phone: Rs 30000-35000
I would like to infuse Rs 3000-4000 more as I am quite young and do not possess household expenses nor I lavishly spend on myself and would require your suggestions on the investment option. I am interested to invest in Mutual Fund SIP and I am a moderate risk taker.
Awaiting your replies