Top 10 Best Stocks to invest in India
Reliance Industries Ltd
The Reliance Group, founded by Dhirubhai H. Ambani is India's largest private sector enterprise. Starting with textiles in the late seventies, Reliance are now into polyester, fiber intermediates, plastics, petrochemicals, petroleum refining and oil and gas exploration and production - to be fully integrated along the materials and energy value chain. Group's annual revenues are in excess of US$ 44 billion.
The flagship company, Reliance Industries Ltd, is a global Fortune 500 company and is the largest private sector company in India. Reliance industries have grown to giant proportions and if you wish your money to grow likewise, you can invest in Reliance – and your money will be safe.
Tata Consultancy Services (TCS)
TCS is part of India’s largest industrial conglomerate and it has over 140,000 of the world's best trained IT consultants in 47 countries with more than 130,000 IT consultants. The company generated consolidated revenues of US $6 billion for fiscal year ended 31 March 2009.
Tata Consultancy Services, the key player in the IT services and business solutions area has achieved unmatched growth in IT sector. They have a unique Global Network Delivery Model – which is the universally accepted yardstick of superiority in software development. If you want your money to be in safe hands and still multiply, invest in TCS.
Infosys Technologies Ltd. (NASDAQ: INFY) started in 1981 by seven individuals with a paltry investment of USD 250 are today a global leader of IT and consulting with revenues of over US$ 4.8 billion (Financial year end 2010). Infosys has an enviable international presence with over 50 offices and development centers in India, China, Australia, the Czech Republic, Poland, the UK, Canada and Japan.
Infosys and its subsidiaries have 113,796 employees as on March 31, 2010. Infosys takes pride in building strategic long-term client relationships. Over 97% of our revenues come from existing customers. Forbes magazine has named Infosys in its list of Global High Performers. For investors wanting their money to grow without compromising on safety factors, Infosys is the company to park their funds.
State Bank of India (SBI)
Measured by any yardstick - be it revenues, profits, assets, market capitalization - SBI is the largest bank in India. With more than 16,000 branches, SBI also accounts for the largest bank branch network in entire India. The range of services offered by SBI include Mobile Banking, Internet Banking, Demat Services, ATM Services, Corporate Banking, Credit Cards, Merchant Banking, Agricultural Banking, Online Services and lot more.
With an asset base of $260 billion and $195 billion in deposits,SBI has a market share of about 20% in deposits and advances among Indian commercial banks and SBI also accounts for almost one-fifth of the nation's loans. When millions of Indians have trusted SBI for all their financial dealings, will not the individual investor’s money be safe with them?
A mutual fund may be defined as a professionally managed type system of collective investment scheme that obtains money from numerous investors and invests the funds in stocks, bonds, short-term money market instruments, and other securities. Mutual funds generally diversify their portfolio and minimize the risk factor. Besides there is the element of liquidity as mutual fund allows you to request your shares be converted into cash at any time.
Some of the top mutual funds to invest in India are HDFC Mutual Fund, Tata Mutual Fund, SBI Mutual Fund, Reliance Mutual Fund, Kotak Mutual Fund, Sundaram BNP Paribas Mutual Fund, Franklin Templeton Mutual Fund, Birla Sun Life Mutual Fund among others.
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