Re: Investing in MFs through SIP..!
Hello Rao,
[Vicky and other experts are going to be happy, because I am now sharing some part of their responsibility. Truly the proverb goes true... What you give is what you get.... I got lot of wisdom from these guys, therefore, I am attempting to throw some light to others]
Seems you are totally newbie like me. First of all Congrats, you have come to a right place. There is wealth of information. I strongly suggest to study every post here periodically. This itself will make you strong and confident about the basics.
Apart from the above, others will definitely give you advice. You need to be paitent. I am not in a position to calculate how much you need to invest per month to generate 2 crores on your retirement.
However, I can solve some of your queries listed. Yes! do not wait for the markets to go down further. It is indeed a golden period for new investors, investing for longer periods. The golden rule is NOT to time the market which is practically impossible even to greatest stock investor expert Warren Buffett. And do not put all the money at one go. Divide you investment amount in bits and parts and spread among 4 to 5 good funds. Now, before you ask me advice on and invest blindly my pick of 4 to 5 funds, please go through this forum in detail and get used to various common parameters such as large cap, mid cap, small cap, diversified funds, thematic funds, SIP, lumpsum, Risk ratio etc etc.... You will soon find where you can invest. Then you can post here about the funds you intend to invest in.. I am sure many others will give their opinion
Also visit valueresearchonline.com for more information about good funds.
Hope this helps.
Thanks
Jeet
Hi experts,
I am 31yrs old and planning to start investing in MFs through SIPs for
next 15-20yrs to generate a corpus of 2Cr for my retirement.
I have a few questions. Please help me in with this
1) Is it safe to start investing in MFs through SIP at this time when the market is heading to the floor?
2) Is there a general criteria which i must use while selecting the MFs? Any thumb rules?
3) What amount should i start with initially? and how much should i invest so that i achieve my target?
Thanks,
Rao