The first step towards successful investing in mutual funds is to have a clear understanding of your financial goals and one’s risk appetite including the time horizon required to achieve those goals and then accordingly choose their fund.
A basic issue bothering mutual fund investors would be on the ways to approach mutual fund investing. “Once you have identified the category and type of mutual funds, it’s time to select best fund within that category on the basis of its investment objective, past performance (vis-a-vis peer funds), benchmark indices, as well as the reputation of fund house and fund management team,” said Manish Kothari, Head of Mutual Funds, Paisabazaar.com.
