Top 10 Mutual Funds – Here’s what you didn’t know.

Top 10 Mutual Funds

One of the most searched term on Google is “Top 10 mutual funds to invest in“.

In fact, the most visitors on this blog are the ones looking for a mutual fund portfolio. No wonder, that the post on “How to build a winning mutual fund portfolio” continues to be popular.

Let me share a fact with you, which I hope you would appreciate. It is something I recently discovered.

Now, when it comes to mutual funds, we know that there are over 300 equity and equity oriented schemes. It is not so easy to select the right schemes for yourself.

And hence, the search starts for the top mutual funds.

Out of these 300 schemes, 10 schemes, that is just 3% of the total schemes, account for 25% of the entire Equity Assets in Mutual Funds.

Wow!

Which are these top 10 mutual funds, which have the lion’s share of the investors’ money and trust?

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Tata Mutual Fund NFO – Should you buy or not?

tata mutual fund nfo

As you know, a few weeks ago, I announced the launch of Unovest – a mutual fund direct plan investing platform.

Unovest will also be the place where you can find specific information and insights into mutual fund investments.

Everything that can help you build wealth using mutual funds as a tool will be available on Unovest.

Today I am sharing with you an article from the Unovest Blog.

Should you be investing in the Tata Mutual Fund’s New Fund Offer – Own a piece of India?


Welcome to the (financial) jungle!

Tata Mutual Fund (Tata MF) has recently announced its New Fund Offer (NFO) of “Own a Piece of India”.

Let’s dissect this Tata Mutual Fund NFO and see if it deserves your money.

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How KYC and FATCA can stop your mutual fund investments?

KYC and FATCA

As an existing mutual fund investor, you would have done your KYC (Know your Customer). As a part of the process, you submit specific information about your identity, residence, income and political exposure. KYC is mandatory.

In case you are not sure whether your KYC is completed, you can check on CVL’s website here or CAMS website here. All you have to do is enter your PAN and the system will show your KYC status.

That is not enough!

So, if you thought you are done with your KYC, you are in for a surprise. Yes, your current KYC information is not enough. Now, there is an additional requirement that has come up for existing mutual fund investors.

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Mutual Fund benchmarks: What do they tell you?

Mutual fund benchmarks

Do you know what is the benchmark of the following mutual fund schemes?

If you are wondering what a benchmark is, it is an index against which the fund compares its performance. For example, a mutual fund would say that it is going to benchmark against the BSE Sensex, the bellwether index of 30 most liquid stocks. With the fund management skills, it would do better than the Sensex; means it will deliver better returns than the Sensex.

Every mutual fund scheme chooses its own benchmark.

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Direct Plans of Mutual Funds – Big Deal?

Direct plan investing in mutual funds

Since Jan 1, 2013, all mutual fund schemes now come in 2 variants – a regular plan and a direct plan. You may ask what is the difference?

A regular plan is one, which you invest in through a mutual fund distributor and for which a distributor earns a commission. The distributor could be your friendly neighbourhood one or an online distributor like FundsIndia, Scripbox, ICICI Direct, etc. Even your banks – HDFC Bank, ICICI Bank or Axis Bank are all distributors. With all them, you can invest in regular plans only.

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