I am thinking to invest in tax saving MFs only, all are doing very well... just want to know, what you are doing, any other better option, any specially good MF etc...
Can I assume you are talking about Mutual Funds and other investments? If you are, my advice is to but a good no-load mutual fund. I have money invested with Vangaurd and T. Rowe Price. You might want to look at an index fund.
Your first step is to get educated about mutual funds. Mutual Fund magazine or Money is a good source of information on investments and money management.
What to invest in? If you have any loans that is higher then the rate of the returns you wish to invest into then first you must clear the loan, that also includes martages
Rajan Chinna
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Joined: Jul 01, 2004
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How do i invest in India's MF staying in USA? Can I buy/sell MFs online without anybody's help in india? Thanks.
I have a great saving scheme called Bills And Rent. Its fantastic. Basically it gives me a 0% return on my money. Every month I pour all of my pay into the scheme, and I'm hoping one day to get absolutely none of it back. Occasionally I have 3p or so left over of my pay cheque after this investment, and I wonder about other kinds of saving, but there don't seem to be many which allow money to be added to them in penny instalments.
There will be glitches in my transition from being a saloon bar sage to a world statesman. - Tony Banks
Arjunkumar Shastry
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Originally posted by Rajan Chinna: How do i invest in India's MF staying in USA? Can I buy/sell MFs online without anybody's help in india? Thanks.
Visit icici,hdfc,State Bank of India's websites.How Mutual fund will help you ?.Only if you are salaried employee in India then that amount will be tax free.Instead invest your money as fixed deposits in these banks.You should get more than 5% interest.Or convert $ to Rs and put in the bank.
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