Right time to invest in mutual funds

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Super Stud
InvestPotato

Hi, recently saw a post where people recovered a lot from losses this week. Also saw 10% earning in the last month.

So, has the market recovered completely?
Is it the right time to invest in mutual finds?
I am thinking on MIrae Tax Saver Fund(Personal thought) [“Mutual fund investments are subject to market risks. Please read the offer document carefully before investing.”]

You all can give personal thought. I will then also verify other sources.

1. I need to see it is the right time
2. What fund should I invest
3. whether it should be tax saver ELSS or not?
4. Extra knowledge as it will be first investment in mutualfunds

Thanks for your advices.

Also post mutual funds you invested and the returns

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Analyst Analyst
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Axis bluechip has given me 2% just in this week.
Still on highs.

Super Stud Super Stud
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Great

Hunk Hunk
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This is a good time to start mutual fund investment. Also keep investing more on every dip.

Deal Cadet Deal Cadet
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@DealBroker23
I read this somewhere-
the best time to invest was 10 years ago. the second best time is right now.

To answer your question – it is never a bad time to invest in SIP, because even if market goes down you get more units and market will definitely bounce back and then the investment amount will be higher. so if you are in SIP and have a long term plan for investment then should not stop SIP even if market goes down.
Anyway Market seems to be recovering now so you should start if not started investment.

i can name some funds which i have invested in – axis bluechip fund, mirae asset emerging bluechip fund, hdfc balanced advantage fund etc.
these are all crisil 5 star rated funds with good returns, you can check more online.
you can also look for axis bank equity fund if you want to invest in tax saver funds but they are locked for 3 years and returns are usually lower than normal funds as per my experience.

Another important thing is regular vs direct funds. if you invest via some brokers like funds india then they will invest in regular fund vs doing directly via the fund website which invests in direct fund. The returns are about 1% higher in direct fund which can be a huge sum in long term perspective.
But it is easier to do via the funds india etc since you have one place to invest and they show a consolidated dashboard etc. if you are starting out then it is good option.

Another option is Paytm money which invests in direct funds but their kyc process is a bit complex.

Super Stud Super Stud
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Thanks for the info.

Will look info more details before investing. Ask my seniors also. But that will happen during diwali, I think by that time market will recover a lot.

Whats the process of paytm KYC?
I see they just ask for PAN card?
I already have paytm bank account with verified PAN.

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Deal Subedar Deal Subedar
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for elss, you can consider axis long term equity as one of the option
if you are starting sip, then need not worry about the ‘right’ time, it balances over time

Deal Cadet Deal Cadet
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It auto posted two times.

Deal Lieutenant Deal Lieutenant
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…mutual funds is not for minting money like this..market if crosses 11666 will touch 11999…and if crosses then we can see new highs….but ur mutual fund investment should be for longer term…and yes this is not a good time to start investing….buy when everyone is panicking and sell when everyone is euphoric….

Super Stud Super Stud
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I suppose buying time was 1 month ago but as already said above if keepinig for long duration it month matter more.

Tech Guru Tech Guru
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Never ever ever be greedy when everyone is happy with stock market. But be very greedy when everyone is leaving stock market. I have 2 years of experience in active stock market trading. I can assure you that there is no right time to invest. But when people are panicking because they can’t take losses anymore start buying. Since you ll be investing in mutual fund, your fund manager gonna ensure that you are getting good stocks.

Deal Newbie Deal Newbie
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Well, traders always try to maintain distance from that ‘greed’ while trading, but this seems to be a good perspective.

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Super Stud Super Stud
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Currently, Sensex is around all time high, definitely not the right time to invest.

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