I am looking to invest in a Mutual Fund at the earliest. I did a initial study of the top performing funds on mutualfundsindia.com. My objective is to invest for growth and I wish to stay invested for the long term. With this objective and my goal of investing in balanced funds, I have the following basic questions:
1. All the funds listed as growth in the site, invest heavily in equities (like > 75%) and the rest in debt & call money markets. Are there open-ended funds out there that invest 50(equity)-50(debt).
2. In the details about the fund, I see two values NAV(Rs/unit) and Face Value (Rs/unit). Can anyone tell me the distinction between the two? Also, when I want to invest in a mutual fund, under which of these category will I actually be paying the money?
3. Of the closed/open-ended funds, which is better? As stated above, I want to be a long-term investor.
4. Can people tell me the MF's that I should invest in given my profile.
1. All the funds listed as growth in the site, invest heavily in equities (like > 75%) and the rest in debt & call money markets. Are there open-ended funds out there that invest 50(equity)-50(debt).
2. In the details about the fund, I see two values NAV(Rs/unit) and Face Value (Rs/unit). Can anyone tell me the distinction between the two? Also, when I want to invest in a mutual fund, under which of these category will I actually be paying the money?
3. Of the closed/open-ended funds, which is better? As stated above, I want to be a long-term investor.
4. Can people tell me the MF's that I should invest in given my profile.