hi im presently living in US i dont know much about the stock market .can u pls advice me .also is there a possibility of investing directly from US.by the way ur article was very goood.
Dear Sir, Thank you for a good write up on the above subject.I would like to add here another point which has been overlooked by the author,the Income Tax angle.When you invest in a fixed deposit and other schemes you have to pay income tax,while long term gain in redeeming SIP units after holding them more than a year is tax free which is an advantage to an invester.
As per the autors calculations the annualised return on the SIP's investmetnt is 13.5% approx. and I see that during the period the nationalised banks were offering same rate of interest. In such a case no one will be ready to put the money in funds which are subject to market risks. But now as the conditions are changed one may think that 13.5% is good return and will be ready to invest in mutaual funds as savvy investor knows funds means limited risk. A very good article (I think) from non finance man.
sir, this one is very educating and informative to persons who are interested in stocks like me and of course a new comer. is it the right time to get into SIP. I will be happier to know from u and ur valuable guidance in this regard. regards anant
while the author has described the process in length, it would have been nice to include the name of the scrips that he purchased, the purchase value, the appreciation and depreciation that followed and how his investment was affected. this would throw light on his title :everyone can be rich.
I agree with the author's idea.Mutual funds r best way to generate good returns.Though u may not become an overnight millionaire yet u earn decent amount of returns.
