billubakra
Conversation Architect
Dont invest in Chinese stocks, the laws are totally different plus someone can come on tv at 8pm and can call you an anti national.
For us many platforms are there, just avoid vested aka wasted.
For us many platforms are there, just avoid vested aka wasted.
RumbaMon19
Feel Pain.
I was thinking about INDmoney/
Why? Can you tell the reason
RumbaMon19
Feel Pain.
I am thinking about starting SIP of Edelweiss Equity Savings Fund Direct Growth. Should I go ahead?
PS- this is my first time investing.
PS- this is my first time investing.
Nerevarine
Incarnate
I would say if you want to start, stick with the well known SIPS for now, just go for Nifty50 Direct Fund from any well known vendor (Nippon, Quant, ICICI Prudential, Kotak etc.). Research what is Exit Load and Expense ratio.
RumbaMon19
Feel Pain.
Got it. Did some research, Going for ICICI Prudential Nifty 50 index Fund.
It has Expense ratio of 0.19% and exit load is nil.
One question arises, it is marked as Very High Risk, Anything I need to be aware about??
Nerevarine
Incarnate
I advise you watch "Mutual Fund Guide" By LaborLawAdvisor in youtube, they seem to be "neutral" youtube channel compared to Akshat Shrivastava/Ankur Warikoo.
Watch the entire playlist, and then you should have some idea what mutual fund you should do. Dont rush anything, start slow and make consistent amount into SIPs.
Do your own research after watching it, then make the decision.
RumbaMon19
Feel Pain.
Ok. Any other good channels for beginners you would like to suggest??
Nerevarine
Incarnate
You can watch Ankur Warikoo/Akshat Shrivastava/CA Rachna Ranade but dont get influenced by how much you should invest and where. Just see their videos for their subject knowledge. For example: one important concept - Capital Gains Tax Harvesting.
They have repeatedly been caught promoting stuff that they get paid for.
They have repeatedly been caught promoting stuff that they get paid for.
shreeux
Movie Buff
Like....
During the Gold Rush, most would-be miners lost money, but people who sold them picks, shovels, tents, and blue jeans made a nice profit.
It's okay to start with a small amount. 1000 or so.
I am investing in three high risk funds but they appear stable. The stability is affected by market conditions though, so how stable a fund is depends on how good the fund manager is.
A good metric is to see how a fund performs in bad market conditions. Good funds will continue to grow even when the market is bad, or at least not affected as badly.
billubakra
Conversation Architect
5rs. ka makhan,
warikoo/srivastav etc. sab dhakkan
billubakra
Conversation Architect
+ @Cyberghost
Wasted keeps on increasing charges, charges which you have never ever heard of, like every 3 months. Their app has too too many bugs. Customer support just sucks. Now they want you take a premium subscription to get their so called "priority" support. Two of its main founders have left the company. They eat up all the monthly interest that you get on the unused cash, it is very less but why would you want to have them? Between this option and indmoney, atleast indmoney is transparent. Otherwise just stick with schwab, ibkr etc. There is no minimums requirement with them also.
billubakra
Conversation Architect
Expense ratio of uti, navi etc. is less than icici.
If you want safety then stick with fds and all.
billubakra
Conversation Architect
But usually an index fund will go down heavily, and all other funds, in an instance like covid. So, isn't that like not a good criteria to judge a fund?
billubakra
Conversation Architect
But that is not always true if one is investing in sector funds.
shreeux
Movie Buff
Instead of Fund...Add Sectorial Leader Stocks on SIP basis
thetechfreak
Legend Never Ends
something offtopic. but you guys should read the bajaj finance investor PPT sometimes, an example how companies should make annual reports :
*nsearchives.nseindia.com/corporate/BAJFINANCE_25042024175108_InvestorPresentation.pdf