Like in the US and Japan, mutual funds are becoming an indispensable investment avenue for Indian investors. This comprehensive handbook by an expert lays out the working of Indian mutual funds, their operational and regulatory mechanisms, the advantages and limitations of investing in them along with sensible approaches to personal financial planning. The author’s experience of handling hundreds of training programmes ensures an engaging and easy to understand approach to mastering the subject.
● Benefits of investing in mutual funds; how they compare with other investment avenues.
● The different types of equity, debt, balanced and liquid schemes available for investment — and the rewards and risks each one entails.
● NAV — what it reveals, its calculation and finer nuances.
● The costs of investing in mutual funds — loads, expenses and management fee.
● Investing in gold, real-estate and art through mutual funds.
● The safety net of mutual fund investing — information disclosure and investor protection stipulated by SEBI.
● Smart Beta and performance attribution.
● New in 5th Edition — SEBI's new mutual fund categories.
Written by successful trainer and consultant, Ray Russell, the material reflects the growth and importance across the globe of mutual funds as a means of investing in worldwide economic development, whether to build a fund for retirement or otherwise. Readers will gain a basic appreciation of Mutual funds in their many forms, advocating the use of the mutual fund as a sensible, efficient and ultimately rewarding means of investment. It covers the origins, purpose, development, uses, operation and regulation of mutual funds and draws attention to similarities and differences between major jurisdictions, commenting on their unique features and approaches.
A Foreword by John C. Bogle, founder of The Vanguard Group and one of the most respected leaders in the mutual fund industry, sets the stage for this authoritative book that explains the complexities of the phenomenal industry in simple terms.
Investors like the fact that mutual funds offer professional management, easy diversification, liquidity, convenience, a wide range of investment choices, and regulatory protection. Mutual Fund Industry Handbook touches on all of those features and focuses on the diverse functions performed in the day-to-day operations of the mutual fund industry. You'll learn about:
If you want a definitive reference on the mutual fund industry, this is the book for you.
1. Amount Invested
2. Rate of Return
3. Time Duration
It says that more you invest, more you will get in return. Second, more returns means more money. And longer the time duration of investment, better returns you will get. We can't control returns, we can't invest big amounts but we can invest small amounts at regular intervals over a long period of time. If this amount is properly diversified in different asset classes, it can help you to achieve better returns with the security of the money invested. Mutual fund helps you to take exposure of different asset classes and get the best returns.
Let's come to a journey towards freedom through this book.
This book reveals how you can make extraordinary returns from mutual funds — far beyond the steady, tortoise-like index parity trot most investors are used to. The key lies in grasping the point that mutual funds deliver only when the markets are rising. You lose money by holding on to them in down markets. So, the conventional mutual fund mantras of all-weather regular investing through systematic investment plans and long term holding won’t make you rich. Mutual funds are a short term game. To make a fortune, you need to time your mutual fund investments, and you need to trade mutual funds.
The unique benefits of mutual fund investing are widely known. You profit from a diversified portfolio of financial assets — stocks, bonds, commodities, etc. — managed by an expert fund manager. Going much beyond fund mechanics and the familiar methods of investing in mutual funds, the book shows you how to make a fortune by applying the strategic power of mutual funds.
● Secrets of profitable mutual fund investing
● Benefits — and risks — of mutual fund investing
● Why choosing the fund manager is your single most important decision — and how to choose one
● How to pick the right funds for different market conditions
● How to time your mutual fund entries and exits
● When do different types of funds perform best — active equity funds, index funds, ETFs, income funds, gilt funds, commodity funds, real estate funds
● Mutual fund investing strategies — and when to use which
● How to trade mutual funds to leverage your returns
● How to develop your skills of picking high return mutual funds and quickly exiting the duds.
● And, much else!
Are you looking for a trusted resource to help you add mutual funds to your investment strategy? With straightforward advice and a plethora of specific, up-to-date mutual fund recommendations, personal finance expert Eric Tyson helps you avoid fund-investing pitfalls and maximize your chances of success.
Newly revised and updated, Mutual Funds For Dummies quickly and easily helps you pick the best funds, assemble and maintain your portfolio, and evaluate your funds' performance. In no time, it gets you up and running on exchange-traded funds, tax laws affecting investments in funds, how to evaluate different fund-investing strategies, and much more.Plan and implement a successful investment strategy that includes mutual funds Avoid fund-investing pitfalls Find the best-managed funds that match your financial goals Select among mutual funds, exchange-traded funds, and other investing options
Complemented with sample fund portfolios and updated forms that show you exactly how to accomplish your financial goals, this is your trusted resource for planning and implementing a successful investment strategy that includes mutual funds.
The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.
While the stock market has tumbled and then soared since the first edition of Little Book of Common Sense was published in April 2007, Bogle’s investment principles have endured and served investors well. This tenth anniversary edition includes updated data and new information but maintains the same long-term perspective as in its predecessor.
Bogle has also added two new chapters designed to provide further guidance to investors: one on asset allocation, the other on retirement investing.
A portfolio focused on index funds is the only investment that effectively guarantees your fair share of stock market returns. This strategy is favored by Warren Buffett, who said this about Bogle: “If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle. For decades, Jack has urged investors to invest in ultra-low-cost index funds. . . . Today, however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me.”
Bogle shows you how to make index investing work for you and help you achieve your financial goals, and finds support from some of the world's best financial minds: not only Warren Buffett, but Benjamin Graham, Paul Samuelson, Burton Malkiel, Yale’s David Swensen, Cliff Asness of AQR, and many others.
This new edition of The Little Book of Common Sense Investing offers you the same solid strategy as its predecessor for building your financial future.Build a broadly diversified, low-cost portfolio without the risks of individual stocks, manager selection, or sector rotation. Forget the fads and marketing hype, and focus on what works in the real world. Understand that stock returns are generated by three sources (dividend yield, earnings growth, and change in market valuation) in order to establish rational expectations for stock returns over the coming decade. Recognize that in the long run, business reality trumps market expectations. Learn how to harness the magic of compounding returns while avoiding the tyranny of compounding costs.
While index investing allows you to sit back and let the market do the work for you, too many investors trade frantically, turning a winner’s game into a loser’s game. The Little Book of Common Sense Investing is a solid guidebook to your financial future.