How to choose best mutual fund to invest?
The Mutual Fund (MF) Industry's asset under management (AUM) has grown more than 2 fold increase in a span of 5 years, from ₹ 11.86 Lakh Crore as on 30th April, 2015 to ₹ 23.93 Lakh Crore as on 30th April, 2020. Currently, less than 6% people are investing in mutual fund in India. As per growing number of accounts in MF industry, it is been excepted that more than 25% people will invest in mutual fund in coming years. In one of my post I have written about mutual fund, its different types, you should invest in it or not, how to invest in it and my personal view on mutual fund. Before reading this blog I would say gain some basic knowledge about Mutual fund from the previous post: Mutual funds are good or bad ? ➤ Factors for selecting mutual fund category (Equity MF, Debt MF or Hybrid MF): Before selecting any mutual fund scheme you need to choose mutual fund category. Investment Objective: It refers to investors financial goal which he aims to accomplish with