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 !!!
4 comments:
Good job Mr.Anand! I have couple of comments though. See if you have a virtualstock exchange for indian markets. here in US, there is a site called virtualstockexchange.com where you can register and it has same structure as stock exchange and is just 20mins delayed version of nasdaq. you can test your investing strategies using that.
i would post more ideas on this. i am investing myself and hence i shd be able to get you more inputs.
btw, can you find out if i can invest in indian market being in US? how do i proceed?
dsk,
Thanks for the comments buddy. I will check and let you know.
Dsk,
As per http://66.242.153.38/nricentre/nritax/nri.html
looks like you come under NRI category. Right ?
For NRIs, here is the link to go.
http://content.icicidirect.com/product_nri.asp
Not sure if you have had a look at this earlier. If you have any specific question, let me know.
dei how about sharekhan, i heard brokerage is lesser than that of ICICI and icici is good only if u have their savings bank account.
can your post be bit more general than specific.
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