Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
Posted: 31/Aug/2009 at 11:58pm
If I were you, I would put equal amounts in 5 top diversified equity mutual funds.
As far as stocks are concerned I can only think of some names(I am biased though to these and also have limited knowledge)
Yes Bank
HDFC Bank
L&T
Edited by omshivaya - 31/Aug/2009 at 12:05pm
The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
The question of what stocks to buy for a child until he/she is 20+ of age is not a moral or ethical one, but completely unbiased view of specific stocks.
Hence, only stock specific replies would be of any help within the scope of this thread.
No body knows what would be the future after 20yrs. The existing companies which are around for last 20 yrs could be hindsight. and you know past performance may not be an indicator of future..
I would not suggest any stock investment for child's future. Rather I would go for real estate piece. May be small land or shop would do wonders..
Joined: 29/Mar/2007
Location: India
Online Status: Offline
Posts: 4243
Posted: 31/Aug/2009 at 10:56am
My Top 10 stocks for Bunty -
FMCG:
Marico
Pidilite
Dabur
Godrej Consumer
Asian Paints
Banks:
Yes Bank
Kotak Mahindra Bank
Bank of India
HDFC Bank
Software:
eClerx [This one will decide whether Bunty does his MBA from Stanford University or a local university]
Basically, put most of the money in mid cap FMCG and mid cap banks - because FMCG and banks have higher chances of lasting for 20 years. Avoid pharma companies. If you have to put money in pharma, pick only those which earn 100% of its revenues from India, and have no intention of exporting their products.
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