Need nifty 50 index mutual fund suggestion
So, I'm new to mutual funds. I already have an ELSS tax saver fund. Now, I'm looking for a type of mutual fund that provides stable returns, higher than what I'd get from a bank FD or RD. Which will be good? is nifty 50 index fund? If it is good then in which should o invest. I need to pay home loan
All nifty 50 mutual fund almost gives same returns i.e 13.5-14 %. So doesn’t make much difference if you pick any, try picking which has less exit load and is there in market from a long time.
PurpleExcess
Student
a month ago
Thanks for reply. Should i care about expense ratio or any other thing?
I'm thinking about UTI nifty 50
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For low expense ratio Nifty 50 funds, See Navi Nifty 50 Index Fund and Edelweiss Nifty 50 Index Fund. For High interest rate beyond FD/RD, you can choose secured bonds which give 9-11% available in Wint Wealth or Golden Pi.
PurpleExcess
Student
a month ago
Bonds are good but i can't invest right now significant amount. Significant amount is required for investing in bonds
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