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Nikunj Saraf |308 Answers |Ask -Follow

Mutual Funds Expert - Answered on Mar 01, 2023

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more

Question by Vaihayasi on Jan 06, 2023Hindi

Hi Mihir. My daughter is a law student and an intern at a law firm and gets a small nominal internship salary. She's desperate to save it and grow it. Any tips for youngsters on what they can do?

Ans: Hello Vaihayasi. Your daughter can start investing in Mutual Fund with nominal amount of Rs.100. Nowadays many AMC offers sip with Rs. 100. Since she is beginner and a young investor, she can invest in large cap category with low risk appetite. In the future, I would advise her to diversify her investments.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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