How to select the best Mutual Fund?
Mutual fund is a type of investment product where the investors money is pooled into an investment product. Then the fund is used for investing in a group of assets to reach the funds investment goal. There is a wide range of mutual fund schemes available to invest according to the your financial goals. If you are a beginner in mutual fund investing, you should consider the under mentioned points while selecting best mutual fund scheme. 1- Identifying your Goals The most important thing while investing in mutual fund schemes is to identify your goals. It could be a long term goal like retirement planning/buying your dream home or short term goals like going for a short vacation/buying a car. Identifying a goal is the most essential step while selecting a scheme. 2 - Risk Tolerance While selecting a mutual fund scheme you should consider your risk tolerance, whether you are a conservative investor or an aggressive investor. Usually equity investing involves a lot of ups and downs, ...