Very profitable. Dont expect to make a profit overnight
, but yes u can well make a decent enuf profit within a year. If u spread ur funds across a couple of sectors, it is even better, as one's loss (which is a bit rare) wud offset the other. I forgot to notice the date of ur post; but u have already missed out on the franklin IPO. At the moment, only PNB, Reliance, LIC and Tata are on the anvil. All of these are ok, but none of them r great. At the moment, it is best to go at IPOs, as the NAVs of MFs are at a high. Of course, they r unlikely to dip, but one wud be able to make a better profit by going in for equity based MFs.
Cheers!