POSTED BY January 31, 2014 2:55 pm COMMENTS (2)
ONHi All,
I am new to Mutual Fund Investing. I am planning to invest SIP of 3000 per month.So I Need some advice on where to invest and is it advisable to invest in Mutual Funds in the first place.
Thanks,
Venu Navat
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Hi Venu,
Yes as Ashal says it is important to cover your essentials before making Mutual Fund investments.
Investing in Mutual Funds does not guarantee returns. But in a good year you can get better returns than Fixed Deposits.
Setting up an SIP will give you the average return of the Fund value. Franklin India Bluechip is a good fund to start off with. You can see the top performing funds here – http://www.fundsindia.com/select-funds
Investing in Mutual Funds directly with the AMC will give you a lower expense ratio. However, as a first time investor, investing through a Distributor can be highly beneficial for you. You will get FREE Financial advisory services, portfolio rebalancing, customer support, document pick up and drop service, Online investment tools, etc.
Reg,
Arjun
FundsIndia.com
Dear Venu, are other esssential things in place? Like emergency funding, life insurance from term covers, health cover?
If it’s your first fund, please invest in Franklin India Bluechip fund Direct plan growth option with the AMC directly.
Thanks
Ashal