Your Questions About Investing In Mutual Funds

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Richard asks…

Where should i go to start investing in mutual funds in india?

Justin answers:

You can visit ur bank where u hold savings account or if u want to invest in HDFC or ICICI mutual funds they have their mutual fund obranches. Plz carry pan card resi proof 3 photo cheque book. To start a mutual fund.

Ken asks…

Is Vanguard a good company for investing in mutual funds?

Justin answers:

Vanguard is one of the top 10 mutual fund companies in the USA. They are, overall the least expensive mutual fund company out there!

Many of their funds are top rated. They have many “index” funds which to some people, are the best way to go! I don’t agree with that overall thinking.

Bottom line: You could do a whole lot worse! Read:Mutual Funds For Dummy’s & learn about Asset Allocation. Vanguard is always a good choice….. Later on take a look at;
Dodge & Cox
T. Rowe Price

Mark asks…

seeking reliable rating services of mutual funds investing in non us stocks?

seeking non us stock mutual funds last 3 and 5 years track records

Justin answers:

If you go to Yahoo finance, you will find that information.

I have set up the screen for you.

Http://screen.yahoo.com/a?cc=3%3B&nm=&proy=&mgrt=&rtmin=4&rtmax=&retrmin=&retrmax=&risrmin=&risrmax=&trytd=&troy=&trty=&trfy=&mii=&mfl=0&er=&namin=&namax=&tomin=&tomax=&mmcmin=&mmcmax=&vw=1&db=funds

There are also closed end funds that invest in foreign stocks

You can find them at this site.

Http://www.etfconnect.com/

Michael asks…

My Q is abt investing in Mutual funds, what i heard was they take a percentage of your profit? is it true?

and you have to pay a monthly fee? Is it true?

Justin answers:

Mutual funds take a percentage of assets invested. They take a very small percentage each day and gets reflected in the NAV (Net Asset Value) which is price you buy or sell at the end of the day.

If you’re looking at mutual funds that charge a monthly fee then I’d suggest looking at different funds.

Vanguard.com has the lowest expense fees in the mutual fund industry, and I recommend them for that reason. The S&P 500 fund beats 80% of mutual funds.

John asks…

What is a good strategy when investing in mutual funds?

Justin answers:

Diversifying among the different types, not paying over 1% annual fees, and as the first answer said, dollar cost averaging.

Robert asks…

NRI Investing in mutual funds in India?

Hello,

I am thinking about sending money to family member who is living in India. They have a FD account in a Bank and Mutual Funds.

What are laws related with process and taxes related?

I am using this process :-

Sending 25-50K through wire to a family member who has a senior account in India. This person is going to invest that money in Mutual Funds, FDs. In few months this person is going to send the money back to me United States.

Is everything in the process is legal.

Thanks in advance.

Justin answers:

Your plan is not correct. If you send money to your parents, and they deposit the same in their accounts, then it will become a gift to them and your right on that money is no more. If they invest in mutual funds or in bank FD the income on that will be the income of your parents and not yours. If they again send you back the money is some what difficult and not advisable in view of tax point.

If you are so serious about investing in India, then you have to open a NRE A/c in India. From that account you can invest in any fund on repatriation basis. After maturity your funds will again be credited to your NRE a/c which you can at any time take back to any country.

Http://www.nritaxservices.com/bac_rupee.htm#1

http://www.icicibank.com/pfsuser/icicibank/ibank-nri/nrinewversion/mutual_funds.htm

http://www.hdfcbank.com/nri/investments/mutual_funds.htm

ICICI is having much facilities but their charges are always more than others.

Donald asks…

Do you make more yearly returns from a brokerage account or by investing in mutual funds?

Justin answers:

It depends on which you’ve invested in.

BTW: A brokerage account can have Mutual Funds……. They will “earn” or “lose” an equal amount (assuming it’ the same fund).
The only difference may be a small transaction charge ranging from $10.00 to $50.00 (from the broker…. However companies like Schwab Fidelity & TDAmeritrade have many funds without a transaction charge.

Read:
Mutual Funds For Dummies

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