I want to invest my money for growth. Please suggest me where can I invest my money (with security)?

I am working in an MNC in India, salary 15,000 per month.

I am guessing you are someone in the initial years of your career. And am glad that you are asking these questions now. There is nothing like starting early, in your investing life and use the power of compounding to your advantage. To understand power of compounding, consider this excellent article at http://www.valueresearchonline.com/story/h2_storyView.asp?str=4007

Next, you can invest in a mix of the following strategies, depending on your investing risk profile, as indicated below. Invest only those funds that you do not need. Get in the habit of saving 30-35% of your salary regularly. Create an emergency fund, roughly equal to 4-6 months of regular monthly expenses. Once this is covered, you may have funds that you will not need say for next 3-5 years for regular or emergency expenses. Use these funds to invest wisely. You need to remain invested for the long term, since you want capital growth.

Conservative Risk Profile (you seem to be of this type; someone who wants his principle to be secure and is looking for a decent growth over the long term)

1. PPF (Public Provident Fund) - account can be opened with any State Bank of India branch. This gives you a compounded 8% return per year, is currently tax free, and is the safest instrument available. Invest 50% of sparable funds in that

2. A Balance fund like HDFC Prudence Fund - This Mutual Fund invests in both equity (65%) and debt (35%) instruments. This is one of the safest funds with a great track record of over 14 years, and has been giving a compounding return of around 20-25% per year. This fund has one important virtue: it manages to lose less than the category average in periods of downside. Couple this with its tendency to top charts & you get a safe & sure fund in HDFC Prudence. Invest 30% of the funds in HDPC Prudence.
check out HDFC Prudence fund analysis at
http://www.valueresearchonline.com/funds/fundanalysis.asp?schemecode=600

3. Equity Diversified MF -like SBI Magnum Contra, Reliance Growth.
These are funds having a very good long term record in delivering great returns with low to average risk. They have figured among the top fund ratings for a very long time. Invest the balance 20% in funds like these
Check out more on the top rated funds at http://www.valueresearchonline.com/toprated.asp

Moderate Risk Profile (someone who can take a little more risk with some of his money)
PPF -40%; HDFC Prudence -30%; SBI Contra or Reliance Growth fund -30%

Aggressive Risk Profile (someone who can take higher risks with some of his money)
PPF-20%; HDFC Prudence -30%; SBI Contra or Reliance Growth - 50%

You want security so Equity Mutual Fund is not for you in short term. Looks you do not want to take risk so I will advice Debt or Hybrid mutual fund (having more focus on Debt). This should generate a return of 10-20% in 3 year period.

You can invest in other options like FD, PPF for full security.

I will give you an expert advice on investment,add my yahoo id to your yahoo msgr,

It all depends on ur present credit. If u hav more than a lakh Real Estate s best. More than 50k jst go for Shares(More risk) or you can go for mutual funds(Less risk)

with security then you want bonds or money market accounts (not funds).

Contact Ms.Ishrani Rajpal - Relationship manager - PCG at DBS Cholamandalam on Cell 9833034717 at Mumbai or their corporate office at Chennai and you have the best deal and guidance.

Go for SIP in Reliance Growth Fund (Growth option)

Its good to know that you wanted to invest money for growth. I would advise you start investing in couple Mutual Funds- on SIP, Systematic Investment Plan. You invest as minimum as possible or as maximum possible from your savings to a few very good MF. You should be dedicated and keep investing every month avoiding at one go investment.
Since you are a new I would suggest you go through this website:
http://www.valueresearchonline.com
This site will give you excellent overall picture and will guide you where to invest and when.
Wish you all the best.

Real estate is the best investment. Nothing else in today's economy is as reliable. Real estate values in safe areas will always grow (even if they drop for a few years). You can buy a house, and rent it out to make the mortgage payment wait 5 or 6 years and you will see a nice return in most cases.

Invest in quity shares, u can buy shares these days as the market is down n pick up DLF or any share of Reliance.... U'll play in money when it rises...!!

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