Mutual Funds are pool of money created by group of investors to invest in the different instruments with different risks as per objectives stated by the mutual fund.
Mutual Fund acts as a Trust & differnt constituents of any mutual fund are as follows:
Consider example of HDFC mutual fund:
|
Trustees |
HDFC Trustee Company Limited |
|
Sponsors |
HDFC,Standard Life Investment Limited |
|
AMC |
HDFC Asset management Company Limited |
|
Custodian |
HDFC Bank , CITIBank,ScotiaBank. |
|
Trust |
HDFC Mutual Fund |
|
Registrar & Transfer Agent |
Computer Age Management Services Pvt Ltd. |
Different Types of Mutual Funds –
- Equity Oriented – Predominantly invests in equity [stock] market.
- ELSS Schemes:
- Debt funds – Invests predominantly in the safe instruments like govt papers, different issues in the market with different maturities as per fund objective.
- Gold Funds.
- Fund Of Fund Schemes:
Techniques of mutual fund investing:
SEBI registered mutual funds in India:
www.mutualfund.birlasunlife.com
www.franklintempletonindia.com
Which is the best GOLD MF to invest?
All Gold MF will provide approximately similar returns as basic asset is same.
So choose any one from the list.
One can choose from Kotak or Reliance mutual funds.