Name : Tejas Lakhani
Company :

UTI


BIO :

Test

Questions:

I am 21 year old I am new in stock market I want to learn stock market and prove to be good investor

Read a lot. Read books on basics of stock market, how it operates, annual reports of companies, management's interview and apply your financial judgement while making any investment decision. 

- Tejas Lakhani

Sir i want to start SIP for the amount of Rs 1000 but did not have much knowledge about this bcoz i am investing first time in mutual funds please help me that which is better for Wealth creation like open sceheme or close or short or long there are so many companies in this please also send name of some good companies to invest.

As a layman, you can relate SIP to Recurring Deposits 'RD'). So RD is where you put certain sum of money in your Bank as FD for a given interest rate. Similarly, SIP is a Systematic Investment into Mutual Funds wherein certain sum of money is invested into Mutual Funds on a given date and given price. 

Consider this, you are investing into good and quality companies periodically and as these companies do well in their business, the value of your holdings increases. However, you should consider SIPs for long term such as 7-10 years. Get in touch with good financial advisor so that they can guide your parents properly and help you achive your desired results. 

- Tejas Lakhani

What is SIP? As a newcomer how can I invest in SIP and also make my parents aware about financial planning method? Is it Safe method to invest

As a layman, you can relate SIP to Recurring Deposits 'RD'). So RD is where you put certain sum of money in your Bank as FD for a given interest rate. Similarly, SIP is a Systematic Investment into Mutual Funds wherein certain sum of money is invested into Mutual Funds on a given date and given price. 

Consider this, you are investing into good and quality companies periodically and as these companies do well in their business, the value of your holdings increases. However, you should consider SIPs for long term such as 7-10 years. Get in touch with good financial advisor so that they can guide your parents properly and help you achive your desired results. 

- Tejas Lakhani

How can I do a savings for my marriage and future activities where I will need moneyjQuery171020307098450767236_1536040665710 Is PPF,NSC, SIP, Mutual fund appropriate choice? Which is the best to have multiple investments and multiple benefits??

Hi, you need to have all these instruments according to your goals and time frame that you have to achieve them. Ideally, you can include PPF and NSC for your retirement goals. SIPs into Debt Funds/Balanced Funds may help you achieve your short term goals like marriage and other activities. For your retirement, I believe you will have about 20 years for which you can consider mix of diversified funds and small and midcap funds. Also, do not forget to create emergency funds. 

- Tejas Lakhani

I am investing in SIPs online through ET money, wealth trust and my cams apps. Please suggest me best apps to invest in direct funds. Also best SIP comparison app. And online investment specialist consultations. Thanks.

I believe ET Money shall provide you good tracking of your past investments and also for new investments. For SIP comparison, you may use advisorkhoj.com or valueresearchonline.com. For consultation, I would recommend identify a person near you or search for well established investment advisor and then share your profile with them to help them understand you better and advise accordingly. Thanks. 

- Tejas Lakhani

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All the data/information shared above are opinions/views that solely belong to the IFAs. UTI Mutual Fund (acting through UTI Trustee Company Pvt Limited) / UTI Asset Management Company) owes no responsibility/liability whatsoever in this regards. The information contained should not be construed as forecast or promise. Any investment decision taken based on the information provided in the content above shall be at sole risks, cost and consequences of the user.



 

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