10 BASIC TIPS TO PICK RIGHT MUTUAL FUNDS

1. Set SMART goal - This means that your investment goals should be Specic, Measurable, Adjustable,  Realistic, and Time-bound 

2. Recognise your risk prole  

3. Focus on asset allocation Asset allocation refers to distributing your investible surplus across asset classes viz. equity,  debt, gold, real estate or even holding cash for that matter. 

4. Select funds that suit your risk profile

5. Diversify your portfolio well  

6. Pay attention to the investment strategy adopted by a fund 

7. Consider the tax implications This again is important; because the 

8. Don’t ignore the cost All mutual fund schemes charge an expense ratio —a fee that is charged on an on-going basis  towards fund management and distribution overheads. 

9. Invest regularly for the long term 

10 Review your mutual fund portfolio