Usually, I get questions during the IAP and meetings from investors about mutual fund selection and their returns. Let me explain this with a small example.
In the year 1999 there were 26 mutual funds at that time. Giving minimum return -4% and maximum -55% for one, two and three years respectively.
If you see return March 2023 for all the same funds are giving a minimum return 17% CAGR and maximum return 19% CAGR.
So if you want to create wealth think equity mutual funds and think for the long term.
If you invest for long term returm more or less will remain the same .
Do not puzzle yourself to select funds and chase returns frequently.
Mutual fund performance is subject to market risk and read offer documents carefully before investing.
Written By :
Ajay Tiwari (PFP, IRDAI, AMFI)
Founder of A T Financial Services