Key factors to finalise a MF Justin, 12 Feb 2014

I intend to be invested for more than 15 years. From the below list of diversified equity funds, could you please recommend two funds to suit my goals, as well as the method you adopted to finally recommend these two particular funds? - Birla Sun Life India GenNext Fund - ICICI Prudential Exports and Other Services Fund - ICICI Prudential Dynamic Plan - UTI MNC Fund - Tata Ethical Fund

Fintotal Answer

Dear Justin, your goal is long term i.e. for 15 years. For such long term goals equity diversified mutual funds are best suited as mentioned by you. Among all of the mentioned funds above, UTI MNC Fund could be a good pick for your investment. Ideally one fund is enough.  But I would like to add that, this fund is not that suitable for core goals like retirement corpus, child's education, because these thematic and midcaps are volatile and hence are suitable for general wealth creation rather than for the needs which you cannot miss upon. For core needs you can look at large cap funds. Refer http://mutualfunds.fintotal.com/ for more information and some interesting stuff.

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