" Choosing a good fund is never easy ! It just like choosing a good medicine – there are different one for different illness ! You must identify the illness first, and then find the suitable medicine. At 8Wonder, they do the same ! They created my Goals till next 40 years and then recommended me the Mutual funds according to each of my Goals – in some cases high Risk and in some cases low Risk ! Great show 8Wonder"
Ram Krishna
To begin with, you should identify your goals, investment horizon to achieve them and your risk profile.
Your should go for equity schemes if you have:
- Third-party custodian – holds the assets of a mutual fund. This is usually a trust
- Independent auditor – reviews and reports on the fund's financial statements each year
- Strong regulator – SEBI is the regulator for all Mutual Funds in India , which ensures that nothing goes wrong at the management front.
Why to invest