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The most difficult and important part of mutual fund investment is the selection of funds. The investment process is also important. If you have started investing, you would have a clear idea about the process. So to start investing you need to know both the process and the selection. Tips for both selection and procedure are listed here below.
Mutual Fund Investment Tips:
Selection:
- Return percentage, manager profile, dividend and net asset value are the important details to be collected. Information can be collected in a number of ways.
- Brokers can provide information. Still cross checking is mandatory. Past and present fund holders can give creative ideas to deal with the tough situation. These thoughts can help you take important decisions on time.
- Includes Return Percentage, Dividend and Net Asset Value of online companies and websites. The return percentage of the last 6 months, 1 year, 3 years and 5 years of the scheme must be checked compulsorily. Net asset value is the rate at which the units are being traded. This value of the unit is also important.
- Fund managers take decisions in times of market crisis. Therefore, they are an important person. He is responsible for the profit and loss of the scheme. So, his profile must be checked to know about his decision making skills.
Process:
- You can apply through a broker. Some companies have the facility of online application form.
- In case of broker, application form should be filled and check should be passed. You will receive the statement once the unit is allotted.
- The form can be filled online in the online application form. Money can also be transferred online.
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