Usually, people find best mutual funds schemes by looking into star ratings through websites like moneycontrol or valueresearchonline. Or sometimes we look into rankings of the best fund schemes which has given best returns in the previous 3 to 4 years.
But such cases for highly rated fund scheme managers need to be more responsible for such huge investments from customers and this leads him to compromise on the stocks he selects in the future.
So it is not predictable that the schemes which have the good track record till date will perform better in the future.
To pick the best mutual fund schemes go through these points mentioned below,
The fund which has the best track record on the basis of consistency, with which safe track record rather than risky.
Check for the fund manager previous track records also check if the fund manager changed for a particular mutual fund scheme. If a fund manager handles 5 funds and he is managing 3 or 4 funds better out of 5, then we can consider him he is good at managing fund schemes.
Best return without risk track records are important.
Large caps with a big percentage of return is more important than mid-cap/small-cap fund with a small percentage of returns.
How it’s going to affect global market, The U.S senate passed tax cut and job act plan by Trump. Which means the corporate tax reduced from 35% to 20%. This will help the wealthy.
By the way last day didn’t took this news seriously by the market. But it will help the US companies and the dollars. Whether it will help the bull market? it may or it may not. The US market can become beneficial by getting more investment.
Everyone hope this won’t affect other markets like India badly. Depends upon the reach of this act inside global market.
It is always a confusion for peoples that what I need to do with my PF account, if in a career gap or jobless situation.
Employee Provident Fund is one of the great investment methods to save a little money per month, it also gives 8-9% interest annually. One important thing is that these earnings are tax-free if you are not withdrawing the money before 5-year completion.
Benefits of Keeping EPF
EPF considered as Retirement benefit money, so it is always better to continue until you are employed
It is Tax-free if you are not taking PF amount within the 5-year timeline
switching PF account from one company to new company is an easy process
PF Amount withdrawal
You can withdraw your PF amount if you unemployed for 60 days after the last job. UAN is a mandatory number which will be provided by your previous employer. Before withdrawing your PF you need to make sure that whether you completed 5 years with your PF account or not because if the PF is active less than 5 years, then there will be tax while withdrawing the money. You need to update KYC which is mandatory nowadays, Also you need to verify the bank account, Adhaar card as well as the PAN(PAN needs to be updated to avoid 35% tax for the PF balance 50000 INR and above) card before claiming the amount.
Refer these videos to know how to check your PF balance and withdraw your PF,