there are lot of equity and debt mutual funds in the market which can give you good return for a 5 year duration.
but it is difficult to suggest u any particular mutual fund without any data regarding the investment amount, your county, your profession etc.
for furthur detail u can write to me on' gmifinance@gmail.com '
i m an mutual fund advisor in mumbai.
2007-01-11 02:55:09
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answer #1
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answered by Dipendra n 1
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That is a tough question to answer. No one knows what the future will bring. A mutual fund that is performing excellently today may very well not perform so well in the future. You do however have a selection of several different avenues to choose from.
Since 70% of mutual funds under perform the market indexes in general you can easily choose one in the top 30% by choosing SPY, an index fund that mirrors the returns of the S&P 500. There is another reason to consider SPY. That is that it does not have a great deal of realized capital gains like many mutual funds, so your after tax net should be increase if you are going to hold it in a taxable account.
Now SPY has not shown very good returns for the last 5 years, only 6.2%. Many analysts think that this will be the year for SPY. In fact 2006 gave it a return of 15.8%, very good.
There are however other index funds that have performed much better than SPY in the past and also other mutual funds. Whether they will in the future or not remains to be seen.
Personally, I like TDF, CHN, IIF, and GAM all closed end funds and all having beat SPY during the last 5 years. The 1st two invest in Chinese companies. The second in Indian companies. The 3rd in whatever it finds attractive. One of my favorite mutual funds is PENNX, a small cap fund. Actually I like all funds managed by Royce Funds. Another small cap fund that has shown phenominal returns is Bruce Fund.
2007-01-10 06:16:26
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answer #2
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answered by Anonymous
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