Friday, September 30, 2016

Best site for learning about Mutual Funds and selecting the Funds to invest.

As written in the first post I had invested some money in Stocks. In order to sell them we needed a Trading and Demat Account. I searched on Internet and selected Zerodha. After we got the Trading Account I got attracted to Intra Day Trading (I think most people do because of quick bucks). We lost about Rs 6000/- and quit. Meanwhile I had sent Share Certificates to Zerodha for Demat. The best share among them was State Bank of India (SBIN) in which our investment of Rs 5000/- is worth Rs 1.25 Lacs or more (depending upon the day) today.

After trying to learn about which shares to buy for long term we decided to look for Mutual Funds and bought 100 units of Birla Sun Life Front Line Equity Growth through Zerodha.

I also applied for RBL Bank IPO and got 65 Shares which are trading above the cost price even after a Crash in the Stock Market on 29th Sep 2016 due to Surgical Strike by India on Terrorists Launch Pads in PoK near LOC.

While looking for Best Mutual Funds to buy and learn about types of Mutual Funds I found Relakhs.com This site is the BEST for learning about Mutual Funds Investments and decide about your investments.

We have invested in following Mutual Funds:

Birla Sun Life Frontline Equity Growth Direct
Birla Sun Life MIP II Wealth 25 Growth Direct
ICICI Pru Value Discovery Growth Direct
HDFC Mid-Cap Opportunities Growth Direct
Tata Balanced Fund Growth Direct

There is word Direct in each Fund because the investment is not through an Adviser. Incidentally the above investment is as per recommendation of Relakhs.com who are advising to go for direct to save on expense.

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