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Mutual funds and India...

mutalpaperWith the Indian markets in better position than the American markets, people may look to invest their money in the Indian markets and hope for good returns.
With the sensex at over 17k mark, what comes in mind of an investor is to whether to go for stock exchange or for mutual fund.

Mutual fund is ideal for those people who have less knowledge of the market, and have less time to spare to keep a track of all the buying and selling of stocks and keeping a daily tab and doing proper research on companies where one wants to invest.

Mutual funds are one of the best financial tools offered to the public by the finance houses.
Mutual funds are an easy access to invest in the complex financial market for people who want to be hassle free yet get a share of the pie.

A few advantages of investing in a mutual fund are:

  • Diversification where the money isn’t invested in just one company to reduce the risk involved of investing in just one.
  • Liquidity to allow the investor to access his money at any time if he needs to.
  • Well regulated and monitored by big finance houses of the world.
  • Affordability where even a person with less capital is able to invest.

Top 5 Performing Mutual Funds in India...

Below is the list of top 5 mutual funds performing in India for week April 28th-May 2nd 2008:

Rank Fund Name NAV (Rs.) % Return as on NAV date
1 JM Telecom Sector Fund – Growth 11.9551 3.2223
2 JM Telecom Sector Fund – Dividend 11.956 3.222
3 SBI Magnum Equity Fund – Growth 35.51 2.9574
4 SBI Magnum Equity Fund – Dividend 31.21 2.9354
5 Franklin Asian Equity Fund – Dividend 9.6758 2.8673