How to find Best Mutual Funds in 2024?

Today’s topic of discussion is how to choose the perfect mutual fund.
About 2500 mutual funds are running in India, according to mutual fund accounts, there are about 15 crore accounts.

First thing is why am I investing in mutual fund?

Set a goal before you invest in mutual funds.
If you want to invest in mutual friend for a long time then you have to look at the risk as well as security, there are many mutual funds for long-term investment you have to survive them.

If you think you should invest in mutual funds for tax-saving reasons, there are many tax-friendly mutual funds for you to choose from.

If you want to invest in mutual funds for a short period, choose liquid mutual funds.

First, decide how you want to invest then choose mutual fund step by step
Here are some things to consider before investing in a mutual fund.

Fund House

You should first analyze which companies are giving good returns and how they stand in the future.

Fund Manage

You have to read the various articles written by the mutual fund manager to see if your decision is in line with the decision of the mutual fund manager in which you are going to invest.

Performant

We usually look at the one-year performance of a mutual fund before choosing it but this is not completely correct because one company shows good profit in one year so you need to select the mutual fund company based on the past few years of profit. Check out Mom’s five-year record.

Direct or regular mutual fund?

• The direct plan always pays you more interest
• The regular plan has extra fees.

That’s why you always invest direct plan.

Expense ratio

Before choosing a mutual fund company, you must check their expense ratio.

Exit load

Because if you suddenly need some money, if you want to withdraw that money, each company has different exit load charges for that reason.

Ratings

You can find various company ratings by searching online and investing in companies with good ratings gives you a higher chance of profit.

My thoughts

If you consider all the factors that we have discussed above while choosing a mutual fund, we hope that you will choose the best mutual fund.