Learning
First you should learn about stock market, better use Zerodha's Varsity a stock market educational portal. Varsity has an option to ask your queries with the writer.
Never follow stock recommended by fellow Quora users or news channels or any websites, you should make your own analysis. If you don't have time to analysis stock or your bad in stock selection, then you can invest in Equity Mutual Fund.
Investing on Mutual Fund
Mutual fund you can do SIP. Systematic Investment Plan (SIP) is an instrument which helps you avoid the risk of timing the markets.
In mutual fund, Axis Long Term Equity Fund has given 18% return in past, also has tax saving benefit. Recently Zerodha the first online broker has launched mutual fund platform & they have recommended Axis Long Term Equity Fund.
Increasing SIP Plan
Also try to increase invest every year by 10%. 1st year Rs 5000/month, 2nd year 5500/month, 3rd year Rs 6050/month and so on...
This increasing SIP method can make magic, here you make 1 crore in 20 years with just 14% return per year.
Features of Zerodha MF Platform
- Recommendation of Mutual Fund Plans
- Introducing Auto Daily SIP (First in India), this can reduce market volatile risk
- Unlimited SIPs with Pause Facility (First in India)
- Mutual funds in Demat Form
- Pledge MF units to trade F&O segment
- Mutual funds completely online (No ECS-First in India)
- Zero fees & commission
- Taxable Profit/Loss Statement (First in India)
- Conditional Orders - which tracks the NAV price & whenever your preset NAV trigger price is reached, an order to buy or redeem mutual fund units is placed (First in India)
- Use same platform to invest on stocks without any brokerage cost (First in India)
Start investing here at
Zerodha's Mutual Fund Platform
zerodha.com
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