In an earlier post, we built a winning equity mutual fund portfolio. This time we will look at debt mutual funds and see which ones can best deliver on your investment goals.
As I set out to select debt mutual funds, I realised this huge challenge staring at me. If selecting equity funds was like running a marathon, selecting debt mutual funds is akin to climbing Mount Everest.
Why?
UPDATE A single platform for investing in direct plans of mutual funds – Unovest is now ready.
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For most of us, investing in mutual funds is a big pain. First, you have to get through the ordeal of selecting the right few funds from amongst the hundreds on offer. Then, you have to actually make those transactions. For me, the latter is a bigger issue.
Talking of transactions, I am not a fan of paper. Not just for the sake of the environment but also for the inconvenience it creates. Too many forms, cheques, signatures, KYCs and what not.
Also, I want to route my investments directly to the mutual fund. In other words, I do not want to use a distributor. I will give the reasons in a while.
So, I have always been looking for a solution that makes it super easy and convenient to manage my mutual fund investments and allows me to transact easily. I am sure you too look for the same.
“So you have spare money in your bank account“, I repeated to confirm what Ajay just told me. “What are you planning to do with it?“, I further asked. “Well, It’s about Rs. 5 lacs and I can put them towards my emergency funds. I guess I will create a Fixed Deposit.” Ajay seemed to have made up his … Read more