Ask Mint | On Investments

Ask Mint | On Investments
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First Published: Sun, Apr 20 2008. 10 58 PM IST
Updated: Sun, Apr 20 2008. 10 58 PM IST
I want to invest in mutual funds. Which fund should I go for—UTI or ICICI? I can invest a maximum of Rs10,000.
While investing in mutual funds, it is important to consider the schemes and their profiles rather than the fund house. In my opinion both fund houses are very good and have excellent schemes. It will be better if you elaborate the purpose and time period of your investment along with your risk profile. It will help in finding the correct investment scheme.
Can Reliance Natural Resources touch Rs200 this financial year?
Reliance Natural Resources Ltd is currently trading at Rs109.10 and purely technically it may touch Rs168 in coming months. However, beyond that, the scrip has strong resistance. If the scrip crosses this resistance, then it may touch Rs190. Though, the probability of the scrip going up to its first major resistance this financial year is very good, the second resistance has lesser probabilities.
I want to invest money in mutual funds for two years. Is this right time to invest in mutual funds? As I am new to mutual funds, please suggest some funds that will give security and reasonable returns.
-Lakshmana Kumar
The best way to invest in mutual funds is to invest through systematic investment plans, as these takes care of the timing of your investment. However, if you wish to invest lump sum, this is a good time to invest in mutual fund schemes as the markets are not expected to fall significantly from current levels.
As far as schemes for investment are concerned, DSPML TIGER–Reg, HDFC top 200, Sundaram BNP Paribas select Midcap, SBI Magnum Multiplier Plus, Kotak Opportunities fund as well as Tata Infrastructure fund are good.
I hold shares of Patel’s Widecom, Uniworth Textiles Ltd, Zillion Pharma, Sunsource India Ltd, Animal Drugs and Pharmaceuticals Ltd and Omega Laboratories Ltd . Please let me know whether these companies exist or not or changed their names?
-Vipul Jain
Patel’s Widecom (India) Ltd was delisted on 17 February 1997 due to non-payment of annual listing fees. Uniworth Textiles, Sunsource India, Omega Laboratories and Zillion Pharma are suspended for trading by the Bombay Stock Exchange.
Answers are based on a technical analysis of the markets and individual stocks. The views expressed on this page are not the newspaper’s opinion and are provided for information purposes by Vipul Verma. Readers are requested to do their own research before participating in the stock markets. Neither the paper nor the information provider will be responsible for any outcome based on information provided here.
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First Published: Sun, Apr 20 2008. 10 58 PM IST