mutual fund investment india
Amongst the Mutual Fund schemes (so many of them) available in market how to decide which is better one ?
Hi as in India now there is so Much of spurt in investment I am often confused between equity & mutual funds Now when I have finally decided to go for MF over Equity I am again baffled by so many MF schemes . Can anybody please guide me what are the fine points to ask from the Asset Management Company offering the MF scheme ?
1. High cost mutual funds do not perform any better than low cost mutual funds—so start with only low cost mutual funds (there is still a lot of them)
2. Many mutual funds are set up around goals. A young person would favor some funds (riskier) because they have a long time frame they can do riskier funds and make more money while being able to cover some that may lose. An older person would take a more conservative (funds may actually have conservative in their name)funds. Lastly those near retirement or retired would take mostly bond funds which have very little chance of losses.
3. Next you want fund families with good track records. Don’t ask them for their records, look them up on the many publications.
I chose Vanguard fund as low cost that have performed well over may up and down cycles. Take a look at their records. But there is also many others that have performed well.
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Mutual Funds: Data, Interpretation and Analysis A reference and data book, providing facts and figures related to the mutual funds in India…. |
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Indian Mutual Funds Handbook $12.65 … |
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Working of Mutual Fund Organisations in India $93.97 … |
