 What would some good (low capital, low risk) investments be for a 20 year old college student? |
| I've not got a lot of money. But I do have a bit of a 4 figure amount that doesn't ever get touched toward the bottom of the savings account. Obviously this isn't nearly enough to ... |
|
 What are the best stocks during recessions? |
| On what industries would you bet during a recession? What are the best countercyclical picks?... |
|
 Would you rather start a franchise or start on real estate investing? |
| I have two nickel and dime jobs...scratching and clawing to make my way to the next level of financial income of wealth. I'm trying to rake up about $20,000 in the next two years off my blood, ... |
|
 Should I form my own S-Corp or LLC if I trade stocks? |
| I have a small portfolio of about $70,000 in which I regularly trade stocks. I'm not really a "daytrader," I tend to keep my positions open for about a month or so. Would it be ... |
|
 I have 52 shares of Bank of America that I inherited from my grandma? |
I know nothing to very little about the stock market. I wonder if I should sell them all or invest in more and watch it grow.
Additional Details
All of your answers are helpful. Should I ... |
|
 How can Oil prices still be increasing? |
| I dont quite understand why oil prices are continueing to rise because the World is being flooded with surplus amounts of Oil even though India and China's consumption has increased it doesn'... |
|
 If you had 500k how would you invest? |
| Ive always wondered how people would invest with 500 grand? How much could you make in a year investing 500 grand?... |
|
 Tell me what's wrong with this investment idea!!? |
| say I had $## and wanted to invest it to make money. Lets look at Fannie Mae - it is at 10.31 as of right now, but the 52 week high is around 70, with the 52 week low around 7. If I took some of my ... |
|
 I have about £1000, I want to invest in forex or the stock market, is there anyone who can give good advice? |
| Possibly someone who makes good money from this kind of thing, could you please explain how, would be great ... |
|
 Gold & Silver are they the true backing of the American fiat currency? |
| How do I maximize my wealth in years to come, avoiding the US dollar, utilizing only precious metals?... |
|
|  |
Anjali S | I am planning to invest 12000 in SBI magnum tax Gain Fund? I want to know is it safe to invest in it.? |
I am planning to invest 12000/ p. a. in SBI magnum tax Gain Fund .I'm 27 years old. I want to know whether it is a safe investment now and can I get a higher returns.. i am investing for three years. I don't know much abt investment. This is my first time. One of my friend suggest me this scheme. She said it is safe to invest here since it is of Central Bank. Is there any other scheme which is better than SBI magnum tax Gain Fund. I can give 1000/month. Please suggest.
Regards,
Anjali. |
 |
 
sandevyl
|
Hi,
SBI Magnum is one of the best mutual funds in the ELSS category. So don't worry too much about your investments. There are few other funds also where you can invest eg
1) Principal Personal Tax Saver.
2) DSPL -ML Tax Saver Fund.
3) HDFC Tax Saver.
For the complete list visit the following websites
http://www.moneycontrol.com/india/mutualfunds/bestfunds/21/40/detailedview
http://www.valueresearchonline.com
The above sites will help you in your decision on mutual fund investments. |
|
naman_bachchan
|
Hi Anjali,
First of all, to clear out your idea, SBI Mutual Fund is not related to SBI as a Bank, so dnt pursure that thought.
Regarding the fund, yes it is a good fund for Tax saving prospect, rather it is 1 of the best in terms of return in last 3 yrs, so do not worry about the fund. Also its dividend option is providing good dividends also time to time.(It has just given 110% div.)
Other good funds are
1. Birla sun life '96
2. HDFC tax saving scheme
3. DSP Merryl Linch tax saving
to name a few.
P.S. U didn`t mentioned u r looking for tax saving or non-tax saving funds, so I m assuming u r taking tax-saving funds only.
Do let me know if u need further info.
Njoy,
Raj |
|
agrawal
|
Hi Anjali,
Are you investing in SBI magnum tax Gain Fund to save income tax?
If yes, then you need to see that in which IT block (I mean 10%, 20%, 30% block) you are placed. If, you are placed at 10% block, I'll suggest you to go for some equity diversified MF (like Relaince etc.). In this, the annual earning is way ahead of SBI magnum tax Gain Fund.
But still if you want to go for Tax saving MF then it is one of the hot MFs currently. You can take a shot on this.
If you are not investing to save income tax then simply go for for some equity diversified MF (like Relaince etc.).
-Agrawal |
|
selvakumaran d
 |
hi,
it is safe and rewarding to some extent. the profit is proportionate to the stock market returns mostly. read about the 'wonders of investments' from http://vbulls.com/ .
study the fundamentals of investment.
it is beneficial only.
longer the holding time, more safer it is to come out with profit. |
|
Focus
 |
sbi magnum tax gain is a good fund.
But nothing is safe when it comes to equities and equity based fund. But I guess this fund is not 100% equity based. So u can bet on the safety to some extent.
Biut the returns gien by this fund in the past look attractive. |
|
HMT
|
Investments in equity MFs are market related hence very risky. ELSS fall in the same category. NAV of DSP ML Tax Saver Fund which had gone up to Rs. 19/- in Jan is being quoted at Rs. 13/- today. That will give you an idea of safety.
SBI Magnum Tax Gain 93 is managed by SBI MF which is an AMC and not by any Central Bank.
Better schemes are:
Taurus Libra Tax Sheild
DSP ML Tax Saver Fund
Principal Personal Tax Saver
Do not invest in SIP of any ELSS. Always invest lump-sum in ELSS.
Also do not go for dividend reinvest option in ELSS. Go for either payout or growth. |
|
Paul W
 |
there is no truly safe investment as you are always relying on the honesty of others and honesty within banks and governments is sometimes questionable. all you can do is assess all the facts and decide weather the product is something to believe in.
Rio Tinto is going to make investors quick money over the next two years but of you want other ideas contact me |
|
8055
 |
Miss Anjali
Its a good idea to invest in Magnum tax gain as through SIP, by this u can get triple benefit. tax free,better returns, price variations from the market ups and downs.after the third year ur investment will get doubled.....there is no doubt.the fun performing very well in the past 7 years.
for the mutual fund investing there is no grantee, all are based on the stock market and who is going to maintain Ur fund. as per Ur pick the said fund performing well for the past several years....if u want more details go to the mutualfundsindia.com or moneycontrol.com this sites are best in the industry
if u want to invest more go to diversify mutual fund its a fund category it will available in all mutual funds. stay Ur invests atleast 3 to 5 years for good returns
i can say only one example its a past fund record
one person invested Rs 1000 per month in SBI MF CONTRA FUND IN DIVIDEND REINVESTMENT MODE for 60 months he got return of RS 2,40,000 at rhe end.
THIS IS THE POWER OF SIP
JUST DO IT...........
regards
THE BOSS |
|
anand
|
i want to invest 50000(single) in icici tax plan or hdfc tax saving mutual fund. can anybody tell me the dividend and maturity is tax free or not. please guide me some other funds if i chose the wrong one |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 16 minutes(s) ago
| | | |
8 | 19 minutes(s) ago
| | | |
8 | 49 minutes(s) ago
| | | |
8 | 2 hour(s) ago
| | | |
8 | 6 hour(s) ago
| | | |
8 | 8 hour(s) ago
| | | |
8 | 11 hour(s) ago
| | | |
8 | 2 day(s) ago
| | | |
8 | 5 day(s) ago
| | | |
8 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
