Your work doesn't stop at investing in mutual funds. Keeping track of them is as important as deciding where to invest. The account statement helps you do just that. Here's what you must check in your mutual fund account statement.
The Securities and Exchange Board of India has scrapped entry loads on direct applications to MFs. This means that if you invest directly with the fund house by submitting your application forms at any of its collection centres, you don't need to pay entry loads (presently 2.25 per cent). Internet transactions done through the MF's website are also now exempt of loads.
Check the asset allocation of your diversified equity fund to see that you really have a lower-risk scheme.
Three MFs - Benchmark, Lotus and Tata MF - have filed draft offer documents for their upcoming banking sector schemes.
It's good to see your fund's corpus rise over time, but when funds become too large, their performance can be adversely impacted. And mid-cap funds are more prone to this phenomenon.
With 1,500-plus schemes in the market, how do you pick the winners? Here's help.
Some funds may get a direct bite of the infrastructure pie, while taxes add unwanted weight to others.
58% growth in assets, 3 new fund houses, 38 new equity fund offers - that was 2006.
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