How can I decide on which mutual fund schemes should I invest in?
Every person would have different goals for which different mutual fund schemes or combination of mutual fund schemes can be considered for investment. While there are parameters that can provide some idea (e.g. returns that the scheme has generated - through past performance can never assure how the scheme would perform in the future). Every mutual fund scheme will have an objective, suggested investment horizon, the risk associated - investors should select a scheme with a suitable objective and horizon and acceptable level of risk for them.
We at IIFL Securities enable investors to select pre-configured investment baskets which can be suitable for their needs. You can explore our platforms and if suitable, make use of such one-click investment solutions. Our scheme details section also has rich data corresponding to various performance indicators of MF schemes - it is also equipped with an MF checklist which provides a score on various indicators which would help investors in making decision. We also provide ratings by reputed entities such as MorningStar on the MF schemes.