Hai i am interested in investing in mutual fund's Pls guide me couse i am a beginner guide me abt types of mutual fund's how to caliculate the returns and make a good decision.
i have heard about the equity fund ,debt fund,balanced funds in that diversified and sector funds,then what is this INDEX FUND,TAX PLANNING FUND?is it safer and better than the equity and debt funds?
could you please let me know what is the time period to derive at a coclusion about the toppers in the balanced and equity fund and also which is the benchmark,is it the BSE OR NI?
RE:Mutual Fund basics
by cherian on Oct 24, 2006 05:24 PM Permalink
Dear friend, Your requirement is not ideal.As tax saving mutual funds are more commonly termed as ELSS fund. Ongoing funds do charge an entry load unless an initial public offer,which does not show the performance, as it is new.Therefore performing funds have high NAV's.HDFC taxsaver is a good pick although it charges an entry load.
I want to select a mutual fund. My criteria is as follows.
1. It should be a tax saver plan. 2. It should be an ELSS fund. 3. It should be a high performing fund. 4. It should have SIP option 5. No entry load & No exit load(after 3yrlock) for SIP 6. NAV should be as less as possible
