Recently, the mutual fund street saw two big-ticket new fund offers (NFO) from two of India’s largest fund houses. It’s a good occasion to go through a check list on how to select a new fund.
Anything unique?
There are close to 2,000 mutual fund schemes in the market. Why, then, should you invest in a new one? The first thing you should check is if the scheme offers you something interesting and unique. After all, existing schemes are good enough to take care of most of your needs. Typically, it’s safer to go with existing schemes that come with an established track record than going with something that is totally new.
