DEAR MR NAVEEN
I SHED MY VIEW HERE,WELL ,MUTUAL FUND IS BECOMING VERY POPULAR NOWADAYS SINCE THE INTEREST RATES IN BANK AND OTHER SIMILAR AREAS ARE LESS.MUTUALFUND WAS FIRST STARTED BY THE GOVERNMENT THROUGH UTI.IT PERFORMED VERY BAD.SO GOVERNMENT DECIDED TO CLOSE IT AND IT DID.IT GAVE PERMISSION TO THE PRIVATES.THEN CAME THE GOOD GROWTH TO THE MUTUALFUNDS.
THERE ARE MUTUTAL FUNDS WHICH HAD GIVEN 130% PER ANNUM.THERE ARE MANY MUTUAL FUNDS AVAILABLE.BROWSE
www.moneycontrol.com ,
BUYING MUTUTAL FUND IS VERY EASY.FIRST OF ALL YOU SHOULD HAVE PAN.WITHOUT THIS YOU CAN'T ENTER THIS INVESTMENT.THEN GO TO THE CORRESPONDING WEB SITE AND DOWNLOAD THE COMMON APPLICATION FORM.FILL IT.ATTACH A ATTESTED COPY OF YOUR PAN .ATTESTATION SHOULD BE DONE BY BANK MANAGERS OR THE MUTUAL FUND AGENTS.AND SEND IT TO THE ADDRESS IN THE APPLICATION FORM (CALLED AS COLLECTION CENTRES).THERE ARE MANY SCHEMES WITH GROWTH,DIVIDEND, DIVIDEND REINVESTMENT,BONUS,CLOSED END,OPEN END FUNDS ARE AVILABLE.IN SHORT YOU CAN INVEST IN GOOD PEROMING FUNDS OF RELIANCE,SUNDARAM ETC AMC(ASSET MANAGING COMPANIES-AMC)RELIANCE DIVERSIFIED POWER SECTOR,RELIANCE GROWTH FUND,SUNDARAM SELECT MIDCAP,SUNDARAM CAPEX ETC.ALL THE FUNDS HAVE GROWTH,DIVIDED DIVIDEND REINVESTMENT OPTIONS.
GROWTH OPTIONS-THE INVESTED AMOUNT GROWS,YOU CAN REDDEM YOUR MONEY AT YOUR NEEDS
DIVIDEND -THE AMC WILL DECLARE THEIR PROFIT AS DIVEDEND AS 1 RS OR 2 RS AS THE AMC DECLARES.MEANS IF YOU HAVE 100 UNITS IN DIVIDEND OPTION YOU WILL GET 100 UNITS*1 RS=100/=
SUPPOSE YOU ARE INVESTING 100000 IN RELIANCE DIV POWER SECTOR FUNDS GROWTH OPTION ON 10/01/08,THE NET ASSET VALUE (NAV)ON THIS DAY IS 83.96/=Rs.100000-2.25%=97750/83.96=1164.24 UNITS YOU WILL GET.ALL THE AMC 'S NAV CAN BE SEEN IN THE ABOVE SAID WEB SITE.THERE ARE MANY SITES TO GIVE THIS.NAV WILL BE UPDATED DAILY 23:00 HRS .THE AMC WILL DO TRADING IN SHARE THEREBY YOUR INVESTMENT GROWS.IF THE AMC PERFORMS GOOD (ALSO DEPENDS UPON THE FUNDMANAGER) THE NAV WILL GROW IN TURN YOUR INVESTMENT GROWS.CONSIDERING LIQUIDY,SAME LIKE BANK.YOU CAN TAKE YOUR MONEY AT TIME.IN FACT RELIANCE HAD GIVEN ATM CARD.JUST TAKE THE MONEYIN THE ATM NO NEED TO FILL THE FORM TO REDEEM MONEY.IF ALL THE AMC GIVES THIS IT IS VERY GOOD AND USEFULL.
RELIANCE GROWTH FUND GROWTH OPTION -THIS FUND HAS PERFORMED VERY GOOD.SUPPOSE IF YOU HAVE PURCHASED UNITS FOR 3 LAKS IN THIS AMC 10 YEARS BEFORE,NOW YOU WILL BE CROREPATHY.DONT GO FOR NEW FUND OFER(NFO),BECUSE WE DONT KNOW HOW THE FUND WILL PERFORM.IN THE MARKET THERE ARE HUNDREDS OF FUNDS AVAILABLE.GOOD PERFORMING FUNDS YOU CAN SELECT AND CAN BE INVESTED
www.moneycontrol.com IS ONE FO THE GOOD SITE.
SO YOUR MONEY IS AT YOUR WATCH -SAFE
MUTUAL FUND HAS GOOD LIQUIDTY
VERY GOOD GROWTH-NO OTHER INVESTMENTS CAN GIVE
BECOMING A CROREPATHY IS VERY EASY.PROVIDED YOU HAVE MONEY FOR INITIAL INVESTMENT.
REGARDS
EKAMS
