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Mutual funds in India

May 15, 2008

I want to invest in indian mutual funds so i did some research. I looked into the past 5yr,3yr,1yr,6month and 3month perfomance of the so called best performing equity and balanced funds(that are also awraded by ICRA) ,i was surprised to see that none of them came even clase to the benchmark( sensex) and these funds are suppose to outperform the sensex.
Despite all that i would suggest SBI magnum balanced growth fund,Birla sunlife 95 growth,tata balanced fund growth,HDFC prudence fund. In equity i suggest invest in Standard chartered premier equiyt fundand birla sunlife equity growth fund. DO not invest in reliance diversified power fund although it looks very lucerative as power sector cannot grow much in India ,no company can charge beyuond a specific limit so pwer cannot grow much in future.

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