Wow.i got a glimpse of this site few days back, today I got some time to pen down few lines….ok with my first stint let me define what an mutual fund means:
A mutual fund is a trust that pools together the savings of a number of investors who share a common financial goal. They buy units of a fund that best suits their needs. The Fund Manager then invests this pool of money (called a corpus) in securities, ranging from shares to debentures to money market instruments. The income earned through this investment and the capital appreciation realised by the scheme, are shared by the investors in proportion to the number of units they own.
Coming to SBI MUTUAL FUND:
SBI Mutual Fund is currently managing domestic assets of over Rs. 2700 crores of which debt assets are nearly Rs. 1200 crores.Recently SBIMF had bagged the prestigious Group Award for 5 year performance based on a study conducted by Economic Times - Standard & Poor Micropal. This study has ranked mutual funds on their performance for the period ending 31st March 2000 on the basis of Relative Risk Adjusted Returns and consistency of performance.
It now offers investors a choice of 9 open-end schemes, which satisfy the various needs of investors, ranging from fully debt funds to highly specialised sectoral funds.
You all will be thinking that …I am all praise for this particular mutual fund, no not at all I am not associated with SBI in any way , basically I am an investment banker working with leading investment banking corp.(no not with SBI …BELIEVE ME!) I give 7/10 to this mutual fund.
My job is to study all kind of this stuff, I recommend you this mutual fund to all (bcoz ….of very less risk factors), but yes if you want to invest big money , you need to take some advice from some proffesional (like me..).
On the whole, it is advisable to study markets before going for it, you can read INVESTOR magazine, Economic times, Business Standard & few other journals available in the market