you have to get a broker and pay the minimum amunt to get that particular fund. as for which scheme is best and safe no way to tell but for non biased reviews go to www.morningstar.com
2007-04-16 15:29:11
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answer #1
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answered by Anonymous
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get application forms from brokers,mutual fund agents or invest through online in websites like icicidirect etc. Select the fund you want to invest, send the application form alongwith cheque or demand draft. You will be receiving intimation from the mutual fund, quoting your folio number , amount invested, number of units allotted etc.
There is no mutual fund which safe. The mutual funds themselves declare that mutual fund investments are subject ot market risks. However to select the best among the lot, (which again does not gurantee that ur money will grow, but only indicate that their past performance has shown that they have given better returns or less loss , when compared with other mutual funds.) find out from websites like icicidirect,moneycontrol, myiris etc. Now some mutual funds have come up with capital protection plans which guarantee you, your money back and they can be considered as safe.But their returns will definetely will be lower when compared with other mutual funds.
2007-04-17 14:34:18
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answer #2
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answered by vmperumal1506 2
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Mutual Funds are pool of funds collected from various people and the sum so collected is invested as per investement objective of the scheme of the Fund. Mutual Funds primarily are of three types Equity, Debt and Liquid. Liquid funds are safest but provide least yield upto say 5.5% pa. They do no charge any load. Debt Funds may give little higher yield but are little riskier also. They charge exit load. Equity Funds invest in shares of companies and are riskiest. They charge entry load. However if a proper selection of mutual fund schemes is made there is no better avenue avaialable than to invest in mutual funds. You can visit amfi website or contact your banker to provide more details. Or you may call me at 9324001993 to know more and safe investing. But always remember you must have a proper balance of risk and returns based on your age, earning profile and number of dependents you have and also your long and short term financial goals.
2007-04-16 23:33:01
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answer #3
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answered by sharatjn 2
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There is no "scheme" only good investment rules;
Don't ever invest in something you don't understand.
Avoid hot "tips", from friends, family, TV, Radio or print.
Use an "Asset Allocation" that's right for you.
Use no-load, low fee Mutual Funds.
Remember;
Asset Allocation is the number one indicator of success (not what funds were "hot" last year).
80% of all Mutual Funds can't beat the S&P500 index over long periods of time.
There is nothing "safe". With risk comes reward. With 100% safety comes losing the value of your cash to inflation.
Look at;
T. Rowe Price, Vanguard, Fidelity, Dodge & Cox, to start (there are many others that are good.... but this will help with the learning curve.
Best scheme: READ, READ & READ
2007-04-16 23:33:10
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answer #4
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answered by Common Sense 7
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its the easiest to invest in mutual funds(MF)..
1. first of all visit site www.moneycontrol.com .. there u can get a very easy tutorial to understand wat axactly is MF & how it works..
2. now once u r aware of wat it is.. have a look at market MFs. there r plenty.. u can invest as small as 500rs also in a MF..
3. once u knw wat u wana buy.. there r many ways of buyin it
a) thro a online demat account u directly buy MFs
b) email the particular MF fund manager(IDs can be easily obtained from moneycontrol.com MF portfolios. ask them to send u a executive.. give them ur address they'l come to ur place with the forms. give them check & fill the form!!
c) goto the respective bank.. forms r available there.. fill it & submit the check & form in the bank itself. eg: Magnum is scheme by SBI. u can get the forms easily in any SBI branch.
4. Safe MF : SBI Magnum TaxGain. or any SIP option or any ELSS (u'l come to knw bot these abbreviations once u read a MF tut)
BEST is a relative term.. first u shud knw which category u wana go for.. then u'l be able to guess the BEST one in tht category..
2007-04-16 23:41:09
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answer #5
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answered by nvj 2
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The implementation of a Financial decision is NOT free.We can do MF Asset Allocation => Portfolio Construction. Provide your Investment Amount,Risk/Return's sort, the Investment horizon and other objectives per your circumstances.Contact
2007-04-16 23:20:40
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answer #6
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answered by Anonymous
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unless u put a worm u cannot hook a fish, in d same way take a risk to earn more, MFs are d best investment for earning, but u need good financial advisor for it. if u r in bangalore u can mail me
2007-04-16 23:38:21
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answer #7
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answered by Anonymous
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