Automobile sector accounts for the third-highest equity mutual fund contributions.
According to fund managers, expectations of a 25-basis-point increase in the cash reserve ratio of banks have heightened in the wake of RBI's surprise twin moves to make short-term money dearer as part of its attempts to curb the rupee's volatility.
With a common account number, you can use the MF Utilities platform to invest in any fund house's scheme.
Focus on large-caps and ensure that the portfolio is balanced.
Balanced funds are suitable for investors who have low-risk appetite or are new to equities.Those with more than seven-year investment horizon should look at funds that have higher equity exposure.
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