You and I face the same problem
There are more than 500 mutual fund schemes in India. They come in a variety of investment styles, investment objectives and options. In fact, the total number of mutual fund options that you have to choose from turn out to be more than 3000. It’s baffling.
How do you go about choosing the best ones for your portfolio that will help you meet your goals?
Given the wide range of choice, many well-meaning organisations and individuals have come up with ways to help you select the best mutual funds that channelise your savings with an intent to grow them at a reasonable risk.
This help comes in the form of ratings, rankings and opinions. Unfortunately, none of them makes your job to select mutual funds absolutely easy. At best, they act as first level filters. You still have to make choices from the reduced list of options.
What to do?
Which funds should you pick? How do you build a decent portfolio that puts your money to work while you focus on what you are good at and growing your income?
As I said, I face this issue too. I will make an attempt here to build a mutual fund portfolio using simple and common sense basis.
I will use, as my guide, my experience of helping over 500 investors, small and big, to invest their savings in a mutual fund portfolio that has helped them move closer to their financial goals.
And you know what, I would invest my money too in this portfolio. So, let’s get going. [Read more…]