To invest in mutual fund how to identify/select a good mutual fund?

Question

I am new to mutual fund investment and i want proper guidance before investing my money my age is 42years

Answer 1

Considering your age, I would suggest looking into equity funds about 3-4 all with growth options.Lets go slow in the beginning till you get a feel of it and settle down for the long innings ahead. start with Rs 2000 SIP in each fund on autodebit with ECS facility for 6 months and extend your investing period from there. You can contact any private bank for the same.Include an ELSS if you have not reached the 1 lac target for tax benefits.

Perfoming ones are,
Franklin India Bluechip fund
HDFC Equity fund
Reliance Growth Fund
PruICICI Dynamic fund
ELSS- Franklin INdia Taxshield

And please for Gods sake do not go for new fund offers, please I am telling you from a personal experience.
Have a long time horizon of atleast 5 years.With investments in the above funds I assure you of healthy nights sleep.

Answer 2

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.

Answer 3

right it relatively is one element to keep in mind on the subject of the Roth IRA account. there is by no ability any tax on it the place as there is on your 401k. This turns into significant while pondering your asset combination. income producing investments are taxed on the whole tax cost as would be your 401k. subsequently it relatively is clever to invest a minimum of a few of your 401k in income producing sources--bonds, LPs, REITs. The income from each and each of those is taxed on the whole tax cost besides. Now through fact the Roth IRA is by no ability taxed, it is likewise clever to place those styles of sources into the Roth IRA additionally. and likewise fairness investments. What you neglected to show are investments outdoors of those 2 automobiles. in case you have some, they must be investments which would be taxed on the capital beneficial properties cost--fairness investments. certainly, except you're interior the optimal tax bracket it relatively is clever to have area of your fairness investments outdoors of a 401k. via doing so your complete tax bill would be decreased, enormously once you're an prolonged term investor. in case you have the least hankering to invest a number of you income gold and silver those actually must be interior a Roth IRA. the two are taxed as collectibles otherwise. yet another element to evaluate in regard to the 401k is that for the duration of years to come the tax cost would certainly be greater, consistent with hazard plenty greater, than it presently is. considering you fairly have no selection of putting non-mutual fund investments interior a 401k with the exception of consistent with hazard business enterprise inventory, it surely does make experience to invest Roth IRA income business enterprise shares quite than mutual money. yet be careful. it relatively is incredibly tempting for many to invest with their Roth IRA account enormously short term finding out to purchase and advertising which otherwise would be taxed on the whole tax cost. which would be a robust thank you to shrink that cost of the Roth account. Be in basic terms somewhat careful. make investments interior the likes of MCD, WMT, JNJ, BDX, KO, etc. or consistent with hazard ETP with its 8% dividend or PAA with its 7.5% dividend. and don't make investments it in fewer than 5 different agencies.

Answer 4

there are ratings provided to the m-funds and also find out where the m-fund invest ur money in .......and imp of all is find its balance.

Answer 5

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