Investment Strategy

One of our readers, Rajit writes ...

Ive just started working and was browsing through some blogs, looking for somethnig related to investments n other stuff.... I found your blog to be very informative and this happens to be a very smart way of investing!....i m really overwhelmed by the way you showcased how we can make money keeping our initial investment intact... Would definitely read the rest...thanks a lot for this...and btw will u suggest a proper investment policy for someone like me who has started working only about 2 months ago....i can invest upto 6K every month....but intend to take a break from work for about 2 years to finish my masters... Trying to help dad in financing his dream home is another objective...which would call for a loan of about 5-8 Lacs and is hence a purely ambitious one considering the present scenario.... Hope you'd have u have the time to help me out with this...but irrespective of whether you help out with this or not, i found your blog very interesting and thanks again for this wonderful idea! Keep it up.


Rajit - you could probably start off by investing through SIPs in mutual funds. Invest about Rs.1000 in each of the funds

My recommendations for investment would be tax saving funds - which accomplishes 2 things

1. Tax saving under 80ccc
2. These fund have a lock-in period for 3 years which gives enough time appreciation

You could consider the following funds

1. HDFC Taxsaver
2. Magnum Taxgain
3. HDFC Longterm Advantage

If you are looking for equity funds (non taxsaving)

1. Reliance Vision
2. Reliance Growth
3. HDFC Equity
4. Magnum Contra

You could probably go through some of the investment queries & answers at

http://valueresearchonline.com/story/askvroarchive.asp


I would like to congratulate you on thinking about investments so early in your career - the best strategy is to start early. Wish I were like you then :)

I am not the right person to advise you on the loan query.

Maybe our visitors can help you out.