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POSTED BY ON September 30, 2010 12:38 am COMMENTS (7)
I would like to invest into some mutual funds through SIP for a long term (20 years). I would like to invest in funds that can give returns of atleast 12% over the long term. What is best means to invest in such mutual funds? Should I go through some banks like ICICI or HDFC or should I go to the mutual fund company directly? Where would the cost of investing (service charges & misc. charges) be less? Any suggestions for picking the mutual funds would be much appreciated.
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@BLR Dude
Regarding mode of mutual fund investment – you can visit the following link which i found quite useful.
Online mode – http://www.subramoney.com/2010/10/how-to-invest-in-a-mutual-fund-online/
offline/Direct mode – http://www.subramoney.com/2010/09/mutual-funds-how-to-invest/
If u have any doubts u can discuss to further clarify it….
Happy investing 🙂
Fundsindia or fundsupermart are good online platforms/brokers to invest without any hassles.
i suggest , you should decide the diversified /hybrid equity oriented equity mutual funds by going through sites like ‘valueresearchonline.com’,’morningstar.co.in’ on searching for long term , 5-10 yrs performers. in my mind, hdfc equity, hdfc top 200, hdfc prudence, quantum long term equity are some good mutual funds. you can directly invest without any agent/adviser in between.
Your financial advisor/planner should have 3 basic qualities Competent, comprehensive & independent.
Best way to find a right advisor is to shortlist few advisors that you feel have good knowledge.
http://jagoinvestor.dev.diginnovators.site/2010/01/a-short-guide-to-hire-a-good-financial-planner-in-india.html
If you don’t know anyone start your search from fpsbindia.org – on right hand side there is a tab CFP Certificant directory. Find few local planners in your area & interview them.
Draw a questionnaire – ask some questions that will help you to analyze them. There is nothing wrong in asking these questions. Along with education and experience, ask about his association with financial companies. Is his earning linked to his performance and if yes, by how much? These questions will answer your concerns over his advice.
Finding a good advisor is time consuming but this will decide your financial success. Try to find a good advisor that’s right for you.
Your financial advisor/planner should have 3 basic qualities Competent, comprehensive & independent.
Best way to find a right advisor is to shortlist few advisors that you feel have good knowledge.
http://jagoinvestor.dev.diginnovators.site/2010/01/a-short-guide-to-hire-a-good-financial-planner-in-india.html
If you don’t know anyone start your search from fpsbindia.org – on right hand side there is a tab CFP Certificant directory. Find few local planners in your area & interview them.
Draw a questionnaire – ask some questions that will help you to analyze them. There is nothing wrong in asking these questions. Along with education and experience, ask about his association with financial companies. Is his earning linked to his performance and if yes, by how much? These questions will answer your concerns over his advice.
Finding a good advisor is time consuming but this will decide your financial success. Try to find a good advisor that’s right for you.
Considering your horizon – 12% is not a big number to achieve. My suggestion will be find some financial planner in your area, sit with him & workout your goals. Decide the amount that you need to achieve those goals. Design a portfolio & stick to it.
Don’t go to any bank to seek help as their advice is never independent(unbiased).
Thank you Hemant. Please let me know how I can find a knowledgeable and honest financial planner in Bangalore (Vijayanagar)? Is there a website where I can lookup for one? Please advise.