2006-12-14 20:47:27 · 11 answers · asked by Ayan B 1 in Business & Finance ➔ Investing
Selecting mutual funds involves a little bit of research. Go to the following web sites:
- http://www.EasyMF.com
- http://www.mutualfundsindia.com
- http://www.valueresearchonline.com
you can then see the top performing mutual funds by category in each site. First decide where you will invest: Equities (stock market) or Debt (bonds, gilts etc.) or a mix of the two.
THe categories that you will see are:
- Equity Diversified: Meaning the fund will buy shares from all industries
- Equity Sectoral (like Infrastructure, Technologyetc) The fund will buy shares of companies in that sector only
- Equity Tax Saving: Under section 80C you can save income tax on investments upto Rs. 1 lakh per year, and such funds are included in tax saving investments
- Debt (Short term or long term): Fund invests in securities for short term or long term principal-secured returns
- Balanced : A mix of both debt and equity
- Monthly income plans: Usually like balanced funds, but try to provide dividend every month or quarter
Then, in the category of your choice, Note down the top performing funds in the 1 year, 2year, 3 year and 5 year , and then choose a fund which is the top performer in these years. Note that past performance is not an indicator of the future, but that's all you have.
And you can choose to invest in multiple funds, even part of your money in debt funds and part in equity funds. Note down the entry and exit loads on the funds you choose, for this will affect the returns you make.
Finally, choose with care and recheck your portfolio at least once a month. You need to know how you are doing.
2006-12-14 22:51:47 · answer #1 · answered by Deepak Shenoy 2 · 0⤊ 0⤋
If you have 10 years or more to invest, Seriously think aggressive. In fact, don't look at any investment that gives less than 12% return over the 10 year benchmarks, till you are just about to retire. Then roll that fund over to an annuity to pay out during your retirement.
2016-05-24 19:20:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
depends on u r requirement u can select mutual fund. if u want dividend that is one option. if u want growth that is another option. it depends on time factor. if u want short term or long term. there are several mutual funds available in india. top among them are icici prudential, sbi mutual fund reliance , sundarm paribus, franklin templetion, cjholamandalam, uti, pnb mutual fund hsbc mutual fund, fidelity equity , tata, birla funds are prominent in india now. if u want diversified funds and fof(fund of Funds) are also available, allleading bankers are acting as agents mutual funds. contact them.invest in different funds to get optimum benefit. all mutual funds are also offerinmg sector specific like petro, bank, info etc., select a mutual fund that is having consistent dividend record. invest either in close ended or open edded schemes. open ended u can encash at any time. close ended u have to wait for considerabale period. some are offering initial close ended and after lock in period it will be converted as open ended. this means there will be growth as well as encashability after minimum lock in period. the fundamental principle is neverinvest heavy amount in one fund. diversify it as far as possible. all the best.
2006-12-14 21:05:43 · answer #3 · answered by sabu 4 · 0⤊ 0⤋
Ask those investment firms for their prospectus. It will list their funds, their past performance, what they're invested in and the investment objective.
2006-12-14 20:51:29 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Depends on many factors like your risk app:, your investment period, if you want high risk, high returns, Invest in sector funds, Infrastruture funds are doing ok. if it was me I would buy a bluechip fund from franklin temp:
2006-12-15 02:07:52 · answer #5 · answered by Archie 2 · 0⤊ 0⤋
go to http://www.valueresearchonline.com...site select best performed fund and invest... this is the best site
2006-12-15 04:32:12 · answer #6 · answered by udayashanker k 3 · 0⤊ 0⤋
Depends on how much money you want to invest and what is your aim.
2006-12-14 20:49:32 · answer #7 · answered by Meeto 7 · 0⤊ 0⤋
Get a endowment policy ..from a reputable insurance company..
2006-12-14 20:51:22 · answer #8 · answered by JJ 7 · 0⤊ 0⤋
go to any financial sites like moneycontrol in that go to mf option their they have ranked mfs according to their performance from that u can select ur own........
2006-12-15 22:41:44 · answer #9 · answered by mory k 3 · 0⤊ 0⤋
GO TO SITES LIKE ICICIDIRECT.COM AND MONEYCONTROL.COM
2006-12-14 23:11:08 · answer #10 · answered by Anonymous · 0⤊ 0⤋