Kothari Pioneer:
Well, I joined this mutual fund almost 6-7 months back. Lots of people say mutual funds...are u crazy? u can lose all the money you have invested....well, to say truly yes, you can lose all the money you have invested but my dears that is a case which happens only if you happen to invest in something wrong until or unless you do not study the market and do know nothing about mutual funds. Ya, you can even be cheated out by mere words from any person who tries to sponsor you to the fund. Below I shall only tell about the options and schemes available and not about basic mutual fund fundas.
About Kothari Pioneers well, they are real good and many people have been rewarded well by these funds. Actually the chances of a persons loosing the complete money he/she invests is nil if a person uses the Dividend Payout option. It lets you complete access to the money declared as dividend every time it is declared so in a year. In the Kothari Pioneer case you do happen to get a cheque in your name with the complete amount you have received dividend for.
You can even have a Growth option. In this case you can have the dividend money converted to units which again help you have an increase in your capital gains. But here the risk is real high. I would suggest from my side people to go in for the above option.
Well, to tell about the various schemes available ... plenty of them man... really plenty... Kothari offers schemes like TAXSHIELD, BLUECHIP (both of which I have taken). They have basically these types of funds classified as :
Diversified Growth Funds
Sector Specific Growth Funds
Equity Linked Saving Schemes
Balanced Funds
Income Funds
Money Market Funds
There are many schemes available in each of these funds.
I shall quote exactly as they do say what each of these funds are for:
Give superior returns, but can be volatile in the short term. Best suited for wealth accumulation over the long term.
Concentrate on specific sectors and are designed to give you diversification in that sector. Ideal as a topping to a diversified portfolio.
Give high returns through a diversified portfolio of stocks. Best suited for investors seeking growth and tax-savings.
Give an optimal mix of capital appreciation and stability of capital. Best suited for a mix of wealth accumulation and current income.
Give modest returns, but are more stable in value. Best suited for current income.
Provide total principal safety, and more attractive yields compared to bank deposits. Best suited for your short term surplus.
As per types of funds both open and closed type are available. Tax saving funds have to be closed type for 3 years.
My two schemes fall under 3 and 1 respectively. As of till now because of the down fall in the market these funds are very cheap now. I am somewhat in a stable state. I have earned almost a 5% on the investment in the 1st scheme and that too in a period of 5 months which no bank ever can offer(basically because I have received the dividend and tax excemption is also claimed as per section 88). Because of the present state of the market I have a pretty bad state in the second scheme (because as of now no dividend has been declared). Hey anyway I have just fallen by 2% in capital, not much and I am pretty confident about this scheme. Infact the second scheme interests me more than the first. Reasons can be better explained only by meeting.. not by writing.
As far as the present scenario is, this is the best time to Invest so if you are thinking to get some information hope you do get it here else do check up the site https://kotharipioneer.com. Hey I liked this scheme maybe you will like some other so no forcing you to join this scheme nor forcing any view points ok?