One of the best ways to get more money is mutual funds. Good market can yield huge amount of money. Share trading requires lot of data and information. Moreover, lot of research, analysis and prediction is required to get success in trading. Everybody cannot do this. Mutual fund companies introduced new schemes and plans. This provided lot of investing options. Though there are numerous fund companies and schemes, proper analysis is necessary to select a suitable scheme. Top fund companies are HDFC Asset Management Company, SBI mutual fund, Reliance, Tata and Franklin Templeton. Some of the top mutual schemes are IDFC Midcap and Small Equity, ICICI Pru Discovery Fund, DSP BR Micro Cap fund, Birla SL Dividend Yield and UTI Master Value Fund.
How to find the best fund?
There are lot of ways to find out the best scheme. Information can be collected from brokers. In this way, all the information should be collected and cross checked. Some of the best ways are listed below here.
- Conversation and discussion with present fund holders can give a better idea. Moreover, there is better chance of knowing practical difficulties in this way.
- Another best way is the self analysis. In this way, lot of home work is required.
- Important details like scheme returns, profile, investment and history are to be analysed before investing.
- Comparison of different plans can give a better outlook.
- Past returns of plan for 6 months, 1 year and 3 years can give an idea about the return percentage.
- Profile of the fund manager has to be checked. Since he is the decision maker, he has to have good decision making skills.
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Divya Kannan
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