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Q.

Now every bank offering mutual funds which one is the best and what would be minimum amount that we have to pay and do we need to be a customer of that particular bank and what would be a good and profitable time period that i can goo for

Asked by SIVA KUMAR, 07 Jun '08 07:32 am
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Answers (5)

1.

You should have account with any bank.,not necessarily with the same bank that you are purchasing MF. Please note you should have pan card also. Minimu amount is announced in the new MF. In the case SIP that varies from Rs.500 to any amount. How ever certain stipulations are laid down. There is no specific time as to when you have enter in to the market. new MfF keep coming in the market you have to study those mattrs.
Answered by Siva Sankar Yadalam, 07 Jun '08 01:21 pm

 
  
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2.

yes every mf is good, but mf performance depends on fund manager. how he manages the fund. i think sbi, hdfc, icici is best.
Answered by dhannajay, 07 Jun '08 10:03 am

 
  
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3.

Banks and Mutual Fund houses are two different entities and its not necessary that banks sponsored mutual funds always gives good returns..
Examples of banks MF - HDFC MF , ICICI MF etc
Non Banks MF - Reliance, Fidelity, DSP ML

All important things for investing in MF are - PAN Card and a Bank account in any bank, if you invest more than 50000, you need to provide a address proof as well..
Rest all is simple
Answered by Rahul Mohata, 07 Jun '08 06:19 pm

 
  
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4.

The must have you need to have for investing in Mf is PAN Card. Which fund to invest depends on your risk profile. Just because banks (like SBI and HDFC) also have mutual fund arm the returns are not guaranteed and hence all the investments are subject to market risk.
you can call me at 994021545 for more details
Answered by Nataraj, 07 Jun '08 10:26 am

 
  
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5.

SBI Magnum Tax Saving 1993 is the best, you can invest min 500, No need to be a customer of that bank, SIP is the most profitable way of investing in this fund for more than 7 years.
Answered by Narendra Prajapati, 07 Jun '08 09:21 am

 
  
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