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To invest in mutual fund how to identify/select a good mutual fund? |
I am new to mutual fund investment and i want proper guidance before investing my money my age is 42years Considering your age, I would suggest looking into equity funds about 3-4 all with growth options.Lets go slow in the beginning till you get a feel of it and settle down for the long innings ahead. start with Rs 2000 SIP in each fund on autodebit with ECS facility for 6 months and extend your investing period from there. You can contact any private bank for the same.Include an ELSS if you have not reached the 1 lac target for tax benefits. there are ratings provided to the m-funds and also find out where the m-fund invest ur money in .......and imp of all is find its balance. If you have 10 years or more to invest, Seriously think aggressive. In fact, don't look at any investment that gives less than 12% return over the 10 year benchmarks, till you are just about to retire. Then roll that fund over to an annuity to pay out during your retirement. visit sunidhi.com |
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They have one or two that are doing ok. But there are other funds that have better historic records than Franklin Temp. Here is a real good site where you can research the various funds including ... A couple of important questions would be "how old are you" and "what are your investment objectives"? Do you need immediate income our a you looking for capital appreciation bui... ocherian's answer that the income from investing abroad is taxable in the US only when the gains are repatriated is incorrect. IRS would consider this sort of tax return as tax evasion and th... This fund will deal essentially in commodities. As we know the commodity prices have peaked, I would stay away, if my time horizon is 8-10 months. I would advise any divesified equity oriented ... Mutual Fund companies tend to not fold, but I can understand your concern. But generally when people invest in funds they look at different types of funds - like large cap domestic, international,... Closed funds are just that, closed. The only way that I am aware of to get in them is through a qualified plan that already has them as an option, like a 401K or 403B. ...if you have a fund adviser you can go to him for advice and purchase. if not go to your bank and ask for help there and they will help you out . ...You don't want to invest in a mutual fund if you only have a 6 month time horizon. Walk into your bank and ask to sit with someone with experience advising someone with investments. They sho... |
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