Best Mutual Funds to Invest
Investing in mutual funds is one of the ways to earn more money for your savings. Indian market which is not much affected by the economic crisis is surely a best place to park your savings and your money will be in a much safer position.
Some of the best mutual funds for 2010 in which you can invest your money are:
Reliance Asset Management Company – It owns Reliance Mutual Funds and it has launched several successful schemes including “Reliance Equity Fund”. It is one of the oldest companies in India. It belongs to “Reliance ADAG Group – Reliance Anil Dhirubhai Ambani Group” which has a strong management and expert investors.
Birla Sun Life Asset Management – This Company has been formed as a joint venture between “Aditya Birla Group” and “Sun Life Financials”. Sun Life Financials is a Canadian based financial services company.
TATA Asset Management Company – It owns TATA Mutual Fund. It is owned by the TATA Group and has launched several schemes.
How to choose the best Fund?
I have listed some guidelines that you have to follow before choosing the fund company in which you are planning to invest.
You should check the past performance of the company and the management background. They should have enough financial muscle as well as experienced investors.
Once you choose a particular scheme, then you should analyze the past performance of the particular scheme as well as the profile of the fund manager who is handling that particular scheme.
Next Step: Read More guidelines and start investing.
Best Mutual Fund to Invest
Have you lost your money by investing in risky stocks? Try investing in mutual funds and get the returns from the stock markets with the help of professional managers.
There are lot of types of funds available for investment. Large Cap Mutual Fund is one type of mutual fund that is available in the market.
These are also called Blue Chip funds and primarily invest in Blue chip stocks which have very high market capitalization. These stocks have less risk and give average returns more consistently. So if you need average returns but with less risk, then you can prefer investing in such funds. Some of the large cap funds are:
1. State Bank of India – Blue Chip Fund
2. Franklin Templeton India – Blue Chip Fund
3. Reliance Growth Fund
4. DSP Merill Lynch Top 100 Equity Fund
5. Franklin Templeton India Prima Plus
6. UTI Large Cap Fund
Some of the Blue chip companies in which these funds have invested are Infosys Technologies, State Bank of India, Reliance Industries Limited, HDFC Bank, ICICI Bank etc
When you compare the performance of these large caps with Mid caps at the time when the markets were performing very poor, the mid caps got fired off from all the ends. The large caps maintained average returns for the investors. The important point is these funds do not get beaten up during market fluctuations.
The average 3 year returns given by these are primarily between 50 % to 60% which is a decent return on investment for the investors.