Equities/Shares Trading & Mutual Fund Accounts

With some basic understanding & familiarity with share trading & Mutual funds, we can start the "Action"...

Interested in Share Trading ??

Well... You need to apply for a DEMAT Account from ICICIDirect.Com.

Go to,
http://icicidirect.com
and

https://secure.icicidirect.com/customer/customer_open_acct.asp?from_site=2

Register yourself. Agents would contact you and provide further guidance. If you have a Salary Account in ICICI Bank, things would become very simple. All you need to do is to sign in a each page of 20+ pages Document. Thats all. Your account details would be sent to you thru Post.


If you want to invest in Mutual Funds,

Get to know the different types of funds and their ratings at,


http://www.valueresearchonline.com/funds/default.asp

If you want to invest in ELSS Funds (Equity Linked Savings Scheme - with 3 years lock in period) - to claim tax exemption up to 1 lac under sec 80 C, some of recommended funds are,

Fidelity ELSS, HDFC Tax Saver, HDFC Long Term Advantage.
Can consider SBI Magnum Tax Gain too but it is more agressive.

While making a choice, please don't just go by the returns given by the funds in recent months / years. Do some evaluation yourself looking at the performance of the fund over long term and during volatile times of stock market.

For all types of investments in Mutual Funds ( including general - Non Tax saving ones), you can get in touch with consultants from

http://personalfn.com/

They don't charge you anything. If you choose to invest in MF thru these agents they will get some % commission from the fund house. (Very similar to LIC Insurance agents).

These agents would provide more clarity and attempt to provide a complete financial planning solution for you.. Better give a try.. after all you are not going to loose anything except for few minutes of your time. Its worth the time listening to them - you will learn a lot.

All the best folks !!!

Know the Basics !!!

Understanding the Investment Terms is a major challenge. We can make ourselves familiar with the terms & their meanings only with a disciplined & dedicated reading.

ICICIDIRECT.COM's Online Courses link,

http://content.icicidirect.com/learning/university.htm

is a good place to start with. This provides an Overview on Indian Stock Market - NSE and BSE, Stock Exchanges, different investing options & more.

Few other useful material on Investing could be found at,
http://investopedia.com/university

This site has very good tutorials on Investing Basics, Mutual Funds and few Advanced Topics.

For PersonalFn's Money Simplified Archives.. Click Here.