Please suggest some of the best mutual funds that are worth investing?name a few in order of their worth?
Answer:
I own this one: AGTHX
American Funds - The Growth Fund of America
Click to see how its done over the last five years compared to S&P 500
http://finance.yahoo.com/q/bc?t=5y&s=agt.
The next fund I purchase, if I don't just add money to the one above, may be one of these:
HFTFX - Hennessy Focus 30
HFCGX - Hennessy Cornerstone Growth
I like the way Hennessy Funds chooses stocks.
http://www.hennessyfunds.com/index.htm.
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American Funds website: http://www.americanfunds.com/default-hom.
Disclaimer:
Past performance is no indication of future performance.
GO FOR SBI MAAGNUM CONTRA
according to me the best mutual funds are
1. franklin india prima fund
2. magnum global
3. tata growth fund
4. reliance growth fund
5. DSPML equity fund
6. HDFC top 200 fund
my advice would be to do a mix of one-time investment as well as a systematic transfer plan (STP), whereby a fixed sum is transferred to an equity fund from say a floating rate fund, regularly.
as the market condition is good on long term basis.
the above scheme or funds are very good and they have consistent performance.
if u want to further describe it i have ,the suggestion given by one of the good MD,
they are
FOR CONSERVATIVE INVESTORS: J M Equity & Derivative Fund: The only fund which takes advantage of arbitrage opportunities available between the derivative and cash markets. The fund is ideal for investors who want to preserve capital along with above-market returns.
FOR MODERATE INVESTORS: HDFC Prudence Fund : The fund, incorporated in January 1994, has generated 40 per cent returns in the last three years.
FOR AGGRESSIVE INVESTORS: DSPML T.I.G.E.R Fund: The fund has generated absolute returns of 45 per cent since its inception in May 2004.
Birla Dividend Yield Plus: The fund invests only in high-dividend yield stocks and has declared nine dividends, totalling to 100 per cent since its inception in February 2003.
Sundaram S.M.I.L.E: The fund invests in lower mid-cap and small cap stocks which have a huge potential to generate good returns. Launched in January 2005, it has generated absolute returns of 3.50 per cent.
We strongly advice retail investors should invest in equity funds through SIPs only. The equity investments should be for a minimum of three to five years.
i think this information will help u a lot ,but i suggest u that please consult it with some professional person or the fund manager before investing.
thank u
prateek
pm_7ove@hotmail.com
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