Top 10 Mutual Funds for 2018.
A mutual fund company is an investment company that receives money from investors for the sole purpose to invest stocks, bonds, and other securities for the benefit of the investors. A mutu inal fund is the portfolio of stocks, bonds, or other securities that generate profits for the investor, or shareholder of Mutual funds are generally safer, but less profitable, than stocks, and riskier, but more profitable than bonds or bank accounts, although its profit-risk profile can vary widely, depending on the fund's investment objective.Most mutual funds are open-end funds, which sells new shares continuously or buys them back from the shareholder (redeems them), dealing directly with the investor (no-load funds) or through broker-dealers, who receive the sales load of a buy or sell order. The purchaseC price is the net asset value (NAV) at the end of the trading day, which is the total assets of the fund minus its liabilities divided by the number of shares outstanding for.Many mutual fund investors have the habit of searching for top 10 mutual fund schemes while investing in mutual funds. Often, they land in sites where mutual fund schemes would be listed on the basis of their performance over a short period. No wonder, many investors keep wondering whether they picked up the right schemes even after investing in them for a few years. That is why ET Mutual Funds decided to come with our own list of Top 10 mutual fund schemes. Unlike other sites, the list is not just a list of 10 schemes in every category based on their short-term returns. We have picked up two schemes from five different categories -- largecap, midcap, multicap, ELSS or tax saving schemes and equity-oriented hybrid schemes - which we believe should be enough for regular mutual fund investors. We believe that the list would be of immense help to new investors looking to invest in mutual funds. Mostly, new investors start with Equity Linked Savings Schemes (ELSSs) or tax saving/mutual fund schemes.
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