Best Investments For 2009
Indian Mutual Fund market which is the best fund I can invest my money?
Hi
I have enough money in my hand after doing my tax investment for this 2009-2010 finicial year. I have invested for tax benefit in SBI magnum tax -Dividend. I have invested amount so that I will get complete tax exemption
But still some money is there with me but I dont want ot invest in same SBI magnum tax since it has 3 years lock in period.
Since this is excess money I want to invest some where my money will have safety & growth.
Can you please suggest me which fund I can opt now?
Thanks
Bala
Go to www.money control.com and research the mutual funds.If you have 2-3 years perspective,go for an equity mutual fund but wait for market to correct( 15-20 % expected shortly)’Right now Reliance Infrastructure Fund -FPO looks attractive for a perspective of 5-7 years with expected returns on appx,15-20 % per year.All the best.
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