The Micromax Vdeo 1 is an Android phone and there are plenty of free ringtone apps such as MP3 Cutter, Zedge and more.
The Micromax Vdeo 1 is Bluetooth-enabled. Bluetooth is a wireless system which lets you connect your cell phone to other Bluetooth-enabled devices. If your computer is also Bluetooth-enabled, simply establish a connection between both devices and transfer any music file from your computer to your Micromax Vdeo 1.
Here are links to some of the free ringtones (Micromax Vdeo 1-compatible) offered here at MartinsRingtones.com:
Free Horror MIDI Ringtones Free Tropical Ringtones Free Ringtones-a-gogo Free Techno Ringtones Listen To All Our Free Polyphonic Ringtones