ICICI focused bluechip fund (G)
Kotak Select Focus fund (G)
Reliance Regular Saving fund(G)
SBI Magnum Balanced fund
L&T Equity fund(G)
It will take 3-4 years for mutual funds to show good profit.
For redemption, you need to do is fill in the detachable redemption request on the account statement and deposit it with any of Investor Service Centers of the Mutual fund.
First before even thinking of invest money with a mutual fund, do you have a passbook for an emergency fund. If you can swing saving as much you can with 8-9 month of your paychecks.The purpose of an emergency fund is ranging from dental expenses ; hospital stay to prescription. This is including when you need to have your car worked on.
Then your next financial goal is to open up a Certificate of Deposit. Try to save up money and you
will be glad you did. Making fun out of goal is where the action is.
After these two steps have been achieved with success of being and will be a role model for others who are struggling taking care of their own money. Avoid being led astray by their money habits.
Pax World Funds is an excellent mutual fund to invest in a world which you can be your own money
manager. When you can roll with the ups and downs of the condition of your to what degree you can
handle even as you consider a aggressive type of mutual fund.
In closing: What would be a great idea is to monitor your funds. Every once in a while check to see how your funds are doing from the date that you opened up your mutual fund. Whatever is performing the not so good to doing a superb account , you only need to transfer only 15% to the best mutual fund. However if you have excitement you will have loads of fun watching you three mutual funds help you enjoy the land of plentiful money is a reason to have a smile . Do not read the newspaper or watch television because
you might have a different type of experience that you can avoid. Thanking you for letting me share with you. Have a fantastic life with plenty of abundance.
It is a good idea to invest in Mutual Fund. There are so many good Mutual Funds. You may go through some Finance Magazine to get good information. Try to read Outlook Money magazine and invariably in every issue, there is an article on Mutual Funds and you may find their rating on Mutual Funds.
Better start investing in mutual fund direct with fund house,instead of going thro agent,
mutual funds vary, some are indexed to a general market, others are very specific. you need to read the prospectus for yourself and get the idea of what are the charges (fees) and what stocks it invests in.
over time, the index funds like Vanguard 500 are the cheapest and do track the general market.
You need to know the capabilities of the fund manager (not necessarilly his track record as past performance is no guide to future performance). You need to know the type of investments the fund is investing in.
You need to know that the advisor knows he is obliged to recommend to you the best fund of its type and if it doesn't prove to be so then he will have a lot of explaining to do.
go to assetbuilder.com, Couch Potato Investing.
You can do it yourself.
Some mutual fund salesmen promote funds that pay the best commission.
I am willing to invest money in mutual fund, but its my first time for such investment. Thus i need to know things i need to aware of before investing and also kind of questions I need to ask the agents suggesting mutual fund plans.
