Some basic points by Pritish Kumar
1. Never invest in NFO. Choose fund based on at lease 5 years of performance.
2. Know your risk and accordingly select Large Cap, Mid cap and small cap funds
3. Invest in MF at any time, SIP is recommended. Please do not time market, nobody has done so yet.
4. Keep investing small amount every month for long term. Try to understand the concept of Compound Interest.
5. Do not keep too many funds in your portfolio. 4-6 funds is enough.
6. Do not expect unrealistic profit from MF. 15-20% average profit is realistic. Anything above this is bonus -:)
Some Good Fund
1. HDFC Equity
2. HDFC Top 200
3. Magnum Contra
4. Franklin India Bluechip
5. Reliance Vision
Some good Tax saving funds
1. HDFC Taxsaver
2. Magnum Tax Gain
3. Sundaram Taxsaver
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