Which mutual fund should i select?

I would like to invest in mutual fund. My savings will be Rs.1000/- per month. which one should i select like SBI MUTUAL FUND OR RELIANCE OR HDFR OR ETC?????

My investment will be for a long term. it means my son is one year old now. I need a good returns for him when he goes for higher studies like abroad or etc

A nice suggestion will helps me a lot

A) with all the stupid people around here, are you sure you want advice?

B) Dodge & Cox is pretty good.

C) Stay far away from Rydex funds.

has 2 consider diff aspects

buy 5 MF balance, gold, FOF, MIP & chola hedge
keep track switch Qtrly

more on rediff per fin

better trade self & get more
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Look in the news paper.
I have TRowe Price...Blue Chips and Growth...
The one guy said Rydex they want $25,000 to join the club.....
TRowe Price is a company that is a stock brokerage and a mutual fund also Money Market...You can have cash -- stock -- mutual funds all at one company. ..Start three accounts and you are set... No Load means No Commission...
Mutual fund companies will ask you to select two prospectus to look at brochures before opening...You don't have to buy them just look....
Mutual fund companies ---look in the newspaper then look at the stocks page... TRowe Price is a NO-LOAD ---don't waste your money on loades -- or closed end mutual funds..Loades take most of their money when you with draw money out some 20 years later when there is plenty of cash and some charge 5% or more.+ charge 2% to invest initially..and make deposits.. Some Loades charge 11/2-2% to make deposits....

Invest in Systematic Investment Plan in Reliance Growth Sector Fund. After some time when you can save more invest in one more SIP in reliance diversified power sector fund. There are other funds to invest in are : ICICI-Pru Services Industried Fund, HDFC Equity Fund, Franklin India Prima Fund. These all schemes are best in India. for details contact me.

here is a systematic method to select mutual funds ..

http://creating-wealth.blogspot.com/2007...

Hello Ramesh,

I can provide you with general information to help you find good mutual fund choices. Some of the factors that I look at when evaluating mutual funds include historical performance, expense ratios, consistency of performance, and probably most importantly, the background and experience of the portfolio mangers and analysts that support the mutual funds. I tend to be very selective when it comes to investment experience and educational background. You do not necessarily have to pay more for a higher quality mutual fund manager, so why not pick mutual fund managers with the best credentials.

The other issue you should consider is which are the best mutual funds for you. The best mutual funds for you may not be the best mutual funds for someone else. Some people prefer value mutual funds while other people prefer growth mutual funds. Volatility is also a very important consideration. Some people do not mind volatile funds if the returns justify the higher risk while other people are not comfortable with mutual funds with high volatility.

I hope this helps.

Michael A. Weiss, CFA
The Editor
The Mutual Fund Investor
http://www.mutualfundinvestor.net