Mutual fund investment for long term

81°
Commentator
ZenithZephyr
I am 20, and would like to invest <=500 for the long term in different mutual funds  like rs100 in each to avoid risk (when I am in emergency, so that I can take it in future) . I don't know any. Kindly suggest where and on which to invest, I have an account in kotak, HDFC, Jupiter shall I invest in there itself?
Thanks for helping
Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
14 Comments  |  
6 Dimers
  • Sort By
Firestorm Firestorm
Link Copied

You Can Try on Groww app, I'm Also doing same. 5 funds 100rs in each fund.

Kind of Small cap, Large cap, midcap, liquid and 1 can be Sectoral Fund

Finance Mentor Finance Mentor
Link Copied
very few funds accept as low as 100, what did you choose?
View 7 more replies
Deal Cadet Deal Cadet
Link Copied

I would suggest to study and get a job so that you can invest at least 5k. at 20 don't go for sip calculator which shows crore of returns in x years. after 40 years 1 crore maybe like 10 lakh of today.. at 20 build your career instead of wasting time thinking of sip/mutual fund etc.
even if you double your investment in 1 year it will hardly be like 6k-> 12k but  if 5k per month investment then 60k-> 120k . see the absolute difference.

Commentator Commentator
Link Copied
Agree, after my expenses I am leftover with that rs500. I am spending that amount on absolutely wasting things or street food. So, not wanting to do any research whatever other dimers inform going to invest on that.
Deal Newbie Deal Newbie
Link Copied
At 20.. i did not even know how to properly pleasure myself
and here you are, financially mature and wise enough to want to diversify.

But if you are reasonably educated (or reasonably uneducated).. then at this early age.. it seems a bit like 'over' diversification (to me).

As Asians, and that too desi ones, being risk averse is good... but God be willing.. you still got 6-7 decades of productive time ahead of you.
Can take little more risk.

Unclear if you meant ₹500? Like in a year? In a month?

If sticking to MFs, better stay clear of the MF's (mother f) which are into derivates, are thematic, are into heavy portfolio churning or are vice funds (India does not have much, but in other markets.. vice funds are big. They invest in casinos, liquor and what not).

You seem like following the 'slow and steady wins the race' philosophy.

It is good.👍🏼 even though you may never become a Vijay Mallya, Samuel Benjamin Bankman.

Convenience is just about preferences.
(Not that I am 'projecting' but this time I avoided to use air-conditioning in my room even when temperatures were above 40° C. If domestic help's families do not die, neither will I.)

It can really convenient to use a middle-person, broker, advisor/platform to invest.

And it can also DOES give one a learning curve.. to get to climb the ropes by oneself.

No one can be 100% unbiased unless they are 'God', but sites like valueresearchonline or Mobeylife (brainchild of the person who is credited with writing about the Harshad Mehta scam).. are relatively neutral and hopefully not influenced by gifts/ money from fund houses.

AMFI itself gives basic trend charts and can help research about which fund managers leave job every 3-4 years or follow an aggressive versus more stable approach to investing.

Based on 👆🏼these👆🏼.. the option of directly logging on to the site of the fund hose or walking into their office to invest in even a SIP is possible.

Yes, your uncle's brother-in-law (agent cum advisor), hdfcsecurities, sharekhan, groww, anand rathi securities and so on.. can be convenient.. but like I mentioned.. at twenty.. you got plenty of time to even learn from some mistakes and better still build your foundation/ knowledgebase. Be it via 100% trial and error or by 20% self experience and rest from other's help.. is an open ended choice.

Apart from Mutual Funds, a thought can also be given to saving enough to have some corpus of 5-6000₹ and also 'hedging' with bullion (gold, silver).. which too is reasonably liquid (liquid = easy to sell).
Say if one purchases government bonds or digital form gold.. then there is ABSOLUTELY ZERO cost of storage (except perhaps demat charges) and nearly no risk of it getting stolen.

Government bonds have practically zero risk of default. But they might require one to 'lock' (the funds) 'in' for some time.

Bullion.. like almost anything else has the risk of price movements.
Although (personal opinion only) it is unlikely to give poor returns in 10-20 years, even after adjusting for inflation.
[𝘮𝘦𝘩𝘦𝘯𝘨𝘢𝘢𝘪 𝘬𝘢 7-8 𝘱𝘦𝘳𝘤𝘦𝘯𝘵 𝘯𝘪𝘬𝘢𝘢𝘭 𝘬𝘢𝘳 𝘣𝘩𝘪.. 𝘥𝘶𝘴 𝘣𝘦𝘦𝘴 𝘴𝘢𝘢𝘭 𝘮𝘦𝘪𝘯 '𝘴𝘰𝘯𝘢 𝘤𝘩𝘢𝘢𝘯𝘥𝘪' 𝘵𝘩𝘦𝘦𝘬 𝘵𝘩𝘢𝘯𝘬 𝘳𝘦𝘵𝘶𝘳𝘯𝘴 𝘥𝘦 𝘩𝘦𝘦 𝘥𝘦𝘨𝘢 𝘢𝘪𝘴𝘪 𝘶𝘮𝘦𝘦𝘥 𝘩𝘢𝘪.. 𝘬𝘩𝘢𝘢𝘴 𝘬𝘦 𝘪𝘴𝘴 𝘢𝘴𝘴𝘦𝘵 𝘤𝘭𝘢𝘴𝘴 𝘮𝘦𝘪𝘯 (it is one of the most liquid commodities. Unless one is in a deep forest among other animals only, someone is always available and ready to buy gold, silver).
Deal Subedar Deal Subedar
Link Copied

Keep buying one share of ITC each in a month .

replyuser
Click here to reply
Reply