I am new to share markets. I don’t know much about the discipline of this and want to earn money with less amount of risk. Kindly suggest me top companies where I should invest.
As a first time investor, it would be in your interest to take the mutual fund route to invest
I am new to share markets. I don’t know much about the discipline of this and want to earn money with less amount of risk. Kindly suggest me top companies where I should invest.
Pratap Reddy, Hyderabad
Your enthusiasm to invest in the stock markets is understandable when there is so much news around the markets making gains immensely. However, as a first time investor, it would be in your interest to take the mutual fund route to do so. Also, keep in mind a few points that should help you become a successful investor in the long run – you cannot get high returns without taking higher risk. But as an investor, you would want to mitigate the risk of investing in stocks. You could do this with diversification, long-term holding of investments and finally by systematic investments. Equity mutual funds allow you to do all these. As a first time investor, start investing in funds like HDFC Balanced or ICICI Pru Balanced, which are part of the OLM Elite list for first time investors. Do not set expectations of doubling your money in a short span, as that is something that is unlikely to happen.