Mutual funds are one of the best investment instruments to contain market madness.
So as promised, here I am with this list of mutual funds we can start investing in 2024. But before that, if you wish to understand the thesis of this list, please check part -1*.
*Enough warnings! let’s move on to the list now.
Here are the top funds in each category, based on my investing experience and the principle of money farming technique. This list is for informational purposes only. Please discuss this with your financial advisor before investing in them.
Note: For this analysis, the timelines used are from APR 2019 to Mar 2024. Also, these funds were not considered, size of less than 1000 cr, unrated, thematic, ELSS tax saving, special purpose fund, fund of fund, index fund, and ETF Fund.
Points to consider for investing in mutual funds.
Choose Monthly SIP over Lumpsump investment, wherever possible.
Choose Growth(G) over Dividend(D) plan for investment, wherever possible.
Choose Direct funds to save 1% over Regular funds, if investing by yourself.
Choose to reduce the SIP amount instead of canceling the SIP, wherever possible.
EQUITY is best suited for long-term investment - 5 years+.
DEBT is best suited for short-term investment - 0 - 3 years.
HYBRID is best suited for mid-term investment - 3 -5 years.
I hope you have enjoyed this mutual fund discussion.
Remember that there is no one remedy for all, we should make choices based on our investment timelines and expectations. Since you never know that in search of more gain, you may lose more.
So take risks but be prudent about your needs.
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