I want to invest in Mutual fund which may give me good and safe return which may be more then FD int. of any Indian bank. I have saving a/c with SBI.ICICI BANK and CENTRAL bank but at present I am in USA so how can I invest in Mutual fund online without going in India personally?
Pl. guide me in details and procedures etc.
Since you have an account with ICICI bank, they had a channel for NRI investors in mutual funds. At present, the SBI Life and LIC Mutual funds are better administered funds professionally without undue cuts from the earnings. Other MFs are hidden cuts from the profits and debits. LIC mutual funds are having least cuts from earnings so that your returns might be more than the other MFs returns. Visit the sites of ICICIDirect.com for further details.