Ask Mint | On investments

Ask Mint | On investments

Which mutual fund is the best to invest Rs1,000-5,000 per month, with no lock-in period and assured gains?

—Archana Modak

For assured gains, invest in debt- based or fixed maturity schemes. Schemes that have investment in equities do not give assured returns.

What is the outlook for Vijaya Bank in the light of it being merged with some other bank such as Canara Bank? I have 500 Vijaya Bank shares, purchased at Rs23.75, which is currently trading around Rs45. Will my investment be safe?

—V.V. Sarma

Your investment is definitely safe as these banks are under state control. But you may find better deals in the banking sector and may convert your holding into other banks such as Andhra Bank, Allahabad Bank, Indian Overseas Bank and Yes Bank with two-three years’ perspective.

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.