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Which mutual fund to buy? Mutual fund india
by mutual fund on Feb 23, 2011
There are many types of mutual fund available in the market. Broadly, they can be divided into Equity Funds, Debt Funds and Balanced Funds.
Equity Funds
These funds invest a major part of their portfolio in stocks or equity-related instruments. Equity mutual funds are ideal for investors who want to invest in the stock market. Some of the types of equity funds available in Indian mutual fund market are:
Diversified Equity Funds: Diversified equity funds invest in stocks of different companies across sectors.
Equity Linked Savings Scheme (ELSS): Equity Linked Savings Scheme or Tax-saving funds as they are more popularly known, invest in stocks and equity related instruments and have a lock-in period of three years. These funds offer tax benefit under Sec 80 C of Income Tax Act.
Index Funds: Index funds invest in same stocks and in similar proportion to base index. Performance of index funds is more or less similar to that of underlying index.
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by investmutf
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You should also check the performance of the Mutual fund during the good times as well as bad times. The fund should have performed well more than S&P 500 when the markets were doing good and also...
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