Can someone tell me a good mutual fund or funds to start using?

I want to start funding a Mutual fund, but dont know any with good track record plese help

Buy a broad market index fund like Vanguard Total Stock Market Index Fund. There are no loads (sales commissions), you get VERY low maintenance fees each year, and you will always get exactly the same results as the overall stock market every year. About 62% of mutual funds under-perform the actual market each year, so a low-cost index fund is more likely to earn you a decent return for far lower fees than any managed fund over the long term.

Disclaimer: I have no connection whatsoever with the Vanguard corporation except as a very satisfied long-term investor.

A track record is about the past and it's a poor predictor for the future. What you need is a crystal ball.

Look at fund families. Vanguard has some of the lowest management charges in the industry. Fidelity is another solid company with low costs. Low management costs are key to success; that's why you should generally choose indexed (computer managed) funds over 'managed' funds that are managed by humans.

The Total Stock Market fund is the one everyone should start with. This tracks the whole market, and you really can't do better over the long term than this fund.

Once you have your feet wet with that fund, start to diversify into sector funds and bond funds, to give you a balanced portfolio.

The Vanguard Total Stock Market fund has a good track record. The returns will reflect the returns of the whole market, so can go down as well as up in any one year; but over the long term (at least 10 years) an investment in this fund should do well. Historically (over the last 35 years), it would have returned an average of about 9% per year.

Generally, the strategy for mutual funds is to put the money in the fund, then don't look at it for at least six months. Worrying about the return daily will drive you insane, and will encourage you to make mistakes by selling prematurely.

See Vanguard's website for lots of info about getting started.

I know several that have excellent track records. Whether they will continue so I do not know. Bruce Fund , a very small fund that invests in small cap stocks, annual return of over 30% annually last 3 years. They are on the internet. Pennsylvania Fund, a fund of the Royce group. Much larger than Bruce Fund, specializes in small and mid cap stocks. A very decent long track record. TDF, a closed end fund that invests in China and Asia. You buy that one like you would buy stocks. GAM, another closed end fund selling at a healthy discount to its assets, 16% life of fund annual return, not too bad. Been in business since 1979.

My advice would be to start with one good mutual fund and as you accumulate more assets diversify into other mutual funds that have different objectives. Diversification is a key to consistant results.

It is nice to see past performance of a fund, but don't make you decision on that alone. There are things in the market that could change a funds outlook. I myself don't like mutual funds. I see what some funds have in there portfolio. I then look at what is return back to the fund shareholders, the return is very poor.
If you want to start investing, start looking at stocks that have a good yeilds and are growing.
I suggest you look at http://www.sharebuilder.com/

UMREX
TAREX

try a broad based ETF to start...like DIA, MDY,QQQQ
go to Amex.com for a list of some ETFs and a fairly good explanation of what they are
also....try powershares.com and ishares.com

you can establish a diversified, balanced porfolio that reflects your risk tolerance, is suited to your knowledge and is appropriate for your age, income, needs with ETFs and closed-ended mutual funds.
With knowledge and experience.....expand your holdings to stocks, bonds, reits...whatever...
but stick with the basics until you feel comfortable with the other choices
Typically, ETFs have lower operating expenses than mutual funds...there are ETFs that mirror almost any mutual fund type...and ....an important feature with ETFs...there is no minimum dollar amount to purchase them.
many mutual funds have a $2500 to $5000 minimum investment
with ETFs....you can buy them like shares of a company...NO minimum amount..

also...I would recommend a deep discount brokerage account when you are getting started...you are probably not going to do a lot of trading at first...and the commissions at some of the houses are exorbitant. Check the costs at TDWaterhouse, Scottrade, E-trade .or some other online deep discount brokerage house...avoid the big names unless you are willing to pay a big commission...their knowledge costs!!!!!

perhaps you can try forex. which is also excellent way for you to invest.

The FOREX or Foreign Exchange market is the largest financial market in the world, with an volume of more than $1.5 trillion daily, dealing in currencies. Unlike other financial markets, the Forex market has no physical location, no central exchange. It operates through an electronic network of banks, corporations and individuals trading one currency for another.

try forex from here:

http://www.bernanke.cn/easy-forex/

Good Luck && Wish you make a fortune!