which is the best mutual fund to be invested in the present & the min. amount.?

Answer 1

Mutual funds can vary in their minimum amount, depending on what type of brokerage account you have. The minimum is often lower for retirement accounts.

I like UMREX, in my retirement account at Scottrade, the minimum initial purchase in a retirement account is $250.00USD, minimum subsequent deposits are $100.00 USD, but the minimums are higher for other types of accounts.

Answer 2

Your situation and ability to handle risk will lead you in your investment

the best mutual fund for someone that needs the money soon is aMoney market fund.........very secure low interest return

If you need it in 3-5 years maybe mix treasury note with large cap stocks. (large cap means capitalization or companies like walmart....................less secrure higher return than money market

If you need the money in 5-8 years 100% in large cap......... more risk than above and thus more return.

if you have 10-15 years before you need the money put 50% in large cap stocks and 50% in small cap stocks again more risk but more return than only large cap stocks.


15+ years until you need the money: put your money in a mutual fund that buys 100% international small cap.

The more risk the more return....

Not all Mutual funds charge the same. If you know that you will hold the fund for 20 years then Transation costs aren't important. Also check yearly management costs...
They will setup a direct withdrawl for every month from your checking account. They have different mins but my first was $25/month.

good luck

I recommend starting this month.

Remember the compounding of interest has an exponential effect. If you gave someone $113.41 when they are born it will turn to $1,000,000 at year 65.....(@15%return/yr)

Answer 3

Franklin Tempelton or SBI Blue Chip. Minimum investment is Rs. 10000

Answer 4

Dodge and Cox Balanced Fund.

Answer 5

SBI Magnum tax gain is the best one in my opinion.

Answer 6

KOTAK WEALTH BUILDER

Minimum 5000/-