Sunday, January 11, 2009

I have only 1000 to spare. Where to invest?

Lots of my clients and many people I meet happen to be people with poor background and have very little money to spare. They keep asking me, "Mr.Srikanth, I have got only 1000 per month to spare, Where shall I invest"
My answer to them is very simple, I hope you too will learn something from this "
1000per month is very little. Can you try to increase the amount?.
However, there is an option. I have a good suggestion. Invest as per my following recommendations:
1. 100pm in Reliance Growth Fund
2. 100pm in Reliance Vision Fund
3. 100pm in Reliance Natural Resources Fund
4. 100pm in Reliance Regular Savings Fund - Balanced Option
5. 100pm in Lotus India Agile Fund
6. 500pm in Birla Sunlife Frontline Equity Fund.

So, here you have 6 different funds and 3 different Fund Houses.
Reliance Mutual Fund and Lotus Mutual Fund allow you to invest as low as 100 per month. Take full advantage of this and invest in their best funds.
Go ahead. All the Best. If possible try to invest higher amount.
Best of luck,
Srikanth Shankar Matrubai

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