1. Do not go for the balanced funds, reason is you must invest in equity or pure related eguity instruments like index funds, by buying balanced funds with 65% and 35% ratio, you yourself do not what you are heading towards, you will be passive investor and it will not lead you higher, be aggressive and invest in direct equity in the tune of 70%, rest 30% you buy NSCs.
2,Do not invest through SIPs. Again there are enough reasons for that, one. entry load is too high, though they have abolished recently , on an average all AMCs(asset management company) charges 2.5% that is hue amount.
3. Do not diversify, human brain is capable to do certain tasks only very precisely, we are not meant for multitasking, so instead of diversifying, just concentrate either on one index fund(which itself is a diversification)or one or two large cap stocks,like ONGC,SBI .stucy their movements for two years and than you will be able to time it and make money.
4.Do not venture in to f&o, Buy one or two large quality stocks ,buy at dips and never book losses. Have a close watch on macro-economics.
Be a player in the market and you will win.
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