Mutual Funds are the best tools for long-term wealth creation. But, the challenge is to identify good and top performing mutual funds that can help you in achieving your Financial Goals. There are hundreds of mutual fund schemes which are available in the market. Besides this, there are plethora of NFOs (New Fund Offers, new schemes) which keep hitting the market. Identifying good mutual fund for long-term investment is not an easy task.
Remember Wealth creation’ is a boring activity like Test cricket where a quick fifty or hundred may not always win you a game. You need the solidity and consistency of a Rahul Dravid or a Laxman more often than the flamboyance of a Kohali/Sehwag to be able to emerge victorious over the five days.
Here are some rules to be followed for the SIP Continue reading “Stop Thinking Start Investing – Systematic Investment Plan”
Wishing all my friends, readers in the world a very happy and prosperous new year 2015.
It wouldn’t be wrong to say that Indian market in 2014 performance was one of the best in the world. The confidence is back in the economy green shoots are visible and you might see soon the Elephant dancing.
The markets are euphoric and media making the noise to the extreme, there is a rise in the demat account openings, Mutual funds saw record rise in investments. The FII’s are continuously flirting. FDI in various sectors getting nod to increase the stake. Everyone is busy in predicting the market at the end of Dec 2015.
Anybody’s ability to predict should be taken with a pinch of salt. When it comes from a broker take it with a pinch of salt. Continue reading “Happy New Year 2015 – Make your own Rules”
I don’t mine repeating myself several times, unless you are helping someone to explain things. This is the post for my junior colleagues and for my team trying to dig for basics of Mutual fund , Asset management company , selection of funds and comparison of scheme with others.
So friends, A mutual fund is a trust that pools the money of several investors and manages investments on their behalf. Legally it is like any other company you know of. Hence, the fund is also called a mutual fund company. The fund company takes your money and like you from other new investors. This is added to the money that’s already invested with the fund.
Asset management company (AMC) – Investing and managing the collected money is a difficult task. The fund company delegates this to a company of professional investors, usually experts who are known for smart stock picks. This company is the Asset Management Company (AMC) and the fund company usually delegates the job of investment management for a fee. Continue reading “What is a Mutual Fund ?”