Factors Considered for Mutual Fund Selection

What are the factors considered for selecting a Mutual Fund product?

Following factors must be considered selecting a suitable Mutual Fund product:

  • Investor must carefully read the offer document of the mutual fund scheme in which he can get necessary information like the main features of the scheme, risk factors, expenses to be charged to the scheme, investment experience of fund managers, performance of other schemes launched by the mutual fund in the past, loads, sponsor's track record, educational qualification of key personnel, pending litigations, penalties imposed, etc.
  • Check the past track record of performance of the scheme.
  • Compare the performance of a scheme with its benchmark or with other schemes having similar investment objectives.
  • Apart from the returns, investor should also look at the volatility of the returns given by the fund.
  • Check the Corpus or Asset Under Management (AUM) size of the scheme.
  • In case of debt oriented schemes, the investor should also check the quality of debt instruments through their credit rating.
  • In case of equity oriented schemes, the investor needs to check the quality of portfolio.
  • Investor can compare funds with the help of various websites, blogs, financial newspapers, etc.
  • Investor can also take an advice of mutual fund advisor or an expert.

Upcoming Bank Holidays

2019 April 27 is a bank holiday in Andaman And Nicobar Island due to 4th Saturday Bank Holiday.
2019 May 01 is a bank holiday in Andhra Pradesh due to May Day / Labour Day.
2019 May 01 is a bank holiday in Maharashtra due to Maharashtra Din.
2019 May 07 is a bank holiday in West Bengal due to Rabindranath Tagore Jayanti.
2019 May 11 is a bank holiday in Andaman And Nicobar Island due to 2nd Saturday Bank Holiday.
2019 May 16 is a bank holiday in Sikkim due to Sate Day.

Financial Calculators

Highest FD Interest Rates

Bank NameTenureInterest(p.a.)
Esaf Small Finance Bank 12 Months8.75%
Suryoday Small Finance Bank12 Months8.50%
Utkarsh Small Finance Bank12 Months8.50%
Equitas Small Finance Bank 12 Months8.50%
North East Small Finance Bank 12 Months8.50%
Ujjivan Small Finance Bank 12 Months8.30%
Indusind Bank12 Months8.00%
Rbl Bank 12 Months8.00%
Fincare Small Finance Bank Ltd12 Months8.00%
The Nainital Bank 12 Months7.90%

Senior Citizen FD Interest Rates

Bank NameTenureInterest(p.a.)
Esaf Small Finance Bank 12 Months8.75%
Suryoday Small Finance Bank12 Months8.50%
Utkarsh Small Finance Bank12 Months8.50%
Equitas Small Finance Bank 12 Months8.50%
North East Small Finance Bank 12 Months8.50%
Ujjivan Small Finance Bank 12 Months8.30%
Indusind Bank12 Months8.00%
Rbl Bank 12 Months8.00%
Fincare Small Finance Bank Ltd12 Months8.00%
The Nainital Bank 12 Months7.90%

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