I’ll be the odd one out here, where I’m asking not to invest in Mutual Funds.
Whereas, the entire country is abuzz with Mutual Funds growth story & one can see smart campaigns, on why they are the best?
To start with, I have this usual question, do you understand Mutual Funds?
Mutual Funds murmur is all over the town today, we can see Ads virtually all across, i.e. TV, Cinema halls, Bill boards, Print-media, and all this promoted thru various stake holders.
But the big question, like the most common Ad by AMFI, “Mutual Funds Sahi Hai”, is how to select funds?
There are more than 2000 primary mutual fund schemes in India, offered thru 43 Mutual Fund companies. Primary schemes will further have many variants, known as plans (for e.g. Dividend, Growth etc.). If all of them are taken into account, there would be more than 11k+ schemes. Data from Wikipedia.