How to select mutual funds?

How to select mutual funds? It is a scheme of investing in equity-related instruments in order to get a very high return. It offers high returns, unlike the normal investment scheme. The risk is higher as it is market-related.

When choosing a mutual fund, it is imperative to look at the fundamentals of the scheme, its growth potential, and the rating of the fund institution, not just the subsequent return.

How to select mutual funds?

There are 6 things you need to understand for this.

1) Plan your financial goals (home purchase, car purchase, education, pension ..)

2) Period, determine the period for which you will receive a refund (2, 3, 4 years, etc.)

3) Know the best alternate of the mutual funds.

4) Depending on the period, debit funds can be selected for 2-3 years, balanced funds for 4-6 years, and equity funds for longer periods.

5) Pay Attention to the Expense Ratio

6) Look for an Experienced, Disciplined Management Team

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Let’s see what is Mutual Fund Equity Linked Savings Scheme.

Investments up to Rs 1.5 lakh under the Equity Linked Savings Scheme are eligible for an income tax deduction. The lock-in period of the equity-linked savings scheme is 3 years. The amount can be withdrawn after 3 years.

Axis Longtime Equity Fund is a scheme that offers good performance in the equity-linked savings scheme.

Let’s look at the 2-year performance of Axis Longtime Equity Fund. As of 8/7/2017, the NAV rating is Rs. 43.6855, Rs. That is, gains in 2019 compared to 2017. The fund has been able to put in a good performance even during the most volatile market. This is a fund that can be invested in 2020.

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