161 comments

  1. Good site to get advice and feedback.

    For NRI who can invest 3 lakhs / annum, what is the best option for investment? FD or mutual funds? We are aiming for 50K / month income after 15 years.

    Take care & thank you

     

    1. Rajesh, it depends on your risk appetite. If you can take some risk, investing in mutual funds for long term can definitely help you to grow your money. Choose some of the top funds which I recommended on mutual fund articles.

  2. Dear Sir,

    please suggest some top mutual funds for my 4yrs old where i can save 3000 pr month fr 15 years.

    Regards

    Samatha

    1. Hi Samantha, Please invest in large cap and hybrid funds. 1) Large cap – HDFC Top-200 / ICICI Pru focussed blue chip fund 2) Balanced – You can check HDFC Prudence / ICICI Balanced fund. 

    1. You can invest in nationalised banks or large private banks. For mutual funds, you need to open MF account with MF broker like ICICIdirect.com or fundsindia. com etc.,

  3. Dear Sir,

    I have two kids below 6 yrs,i want one time  investment for each of them. i can invest 1.5 lakh for each,Can you suggest which will be good for them.

    Thanks And Regards

    Ashok

    1. Ashok, best place to invest lump sum is bank FD. To create wealth for your children, try saving every month in recurring deposits or in mutual funds. This would help you to have good money for their education or their marriage.

      1. Dear Sir,

        Thanks for your kind suggestions.

        Do we have any specific Fixed Deposit schemes for childrens' education to get better benefit. As some banks give good interest rate for Senior citizens in FD.

        Thank you.

        Best Regards,
        Vijay

        1. You may need specific child FD schemes. You can invest in normal FD schemes. Yes for Sr. citizens they offer FD schemes where you get 0.5% higher interest rates.

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