Selecting a good mutual fund out of thousands funds available is not an easy task. However there are few important points that you should remember while shortlisting best mutual fund for yourself.
NEW DELHI: Selecting a good mutual fund out of thousands funds available is not an easy task. However there are few important points that you should remember while shortlisting best mutual fund for yourself.
The first question you should ask yourself is 'why you are investing?', 'how much risk you can take?'and 'what returns you expect?' Defining these parameters would help you choose the asset class you are going to invest.For example - , if you have an investment horizon of five to seven years, you can invest in an equity scheme. If you have near to medium term goals, you would be better off in comparatively safer debt schemes. Now shortlist some trusted names in that asset class. Once you have finalised the funds, read the offer document of all the mutual fund schemes carefully.