what is the perquisites in investing in mutual fund and precautions taken for it
Badly need help!
Thankyou!
2007-09-18 03:32:24 · 9 answers · asked by masaya 3 in Business & Finance ➔ Investing
Here are some basic facts:
- Mutual funds pool your money with that of others and invest in many different shares, so they spread the risks.
- Some MF aim at capital appreciation, others at income, different industries or different countries and some track the general market.
- Their performance is published in some news papers and periodicals or websites.
- The managers charge up front and annual fees which eats into their growth quite appreciably.
-You can invest from $500 upwards free of charge, through a financial adviser who will get paid commission by the managers and so may be biased. He can also send you a list of the funds he recommends.
- Here endeth the lesson.
2007-09-18 04:56:16 · answer #1 · answered by Anonymous · 1⤊ 0⤋
You should plan on leaving the money in the mutual fund for at least 5 years. The links below is a good place to do your homework.
2007-09-18 10:54:58 · answer #2 · answered by Jeff H 5 · 0⤊ 0⤋
Hello,
A good place to start would be to look at a mutual fund tutorial on the Investopedia.com website. Here is the link:
http://www.investopedia.com/university/mutualfunds/default.asp
After you understand the basics, feel free to come back and ask any follow up questions you might have.
I hope this helps.
Michael A. Weiss, CFA
The Editor
The Mutual Fund Investor
http://www.mutualfundinvestor.net
2007-09-18 13:31:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Open a brokerage account at Zecco.
You need to read the entire prospectus before you invest in a Mutual Fund.
2007-09-19 00:43:39 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Looks like you need a little basic investing information. I would start with fool.com or morningstar.com Avoid the bank and rather than mutual funds check total index ETF like are sold with Vanguard. The risk is that you can lose all your money, prerecs money and legal residency.
2007-09-18 10:41:12 · answer #5 · answered by crim 3 · 1⤊ 0⤋
Prerequisite is PAN & Bank account no. that needs to be mentioned in Form.
Invest through SIP (Monthly) to further reduce the risk.
Refer valueresearchonline.com or moneycontrol for better funds
2007-09-18 13:13:46 · answer #6 · answered by Bharat 5 · 0⤊ 0⤋
all mutual funds are good invest in any one and expect some return after 3 years. technological fund are better.
2007-09-18 10:43:21 · answer #7 · answered by deepak57 7 · 0⤊ 1⤋
its dat u safely invest in mutual funds........in turn its indirect investing in share markets.........u will earn profit but lessser than direct investment
2007-09-18 10:41:39 · answer #8 · answered by mechie018 1 · 0⤊ 0⤋
if you are from india nothing much is required only your PAN card photocopy and your on photograph that's it
2007-09-18 10:55:55 · answer #9 · answered by Rudra p 1 · 0⤊ 0⤋