If you ask me honestly then I say yes. Because mutual fund have a very good tool called sip. If we buy a share in sip method then we spent a high brokerage but in mutual fund SIP charge is very low and SIPS are a very good tool for new investor because it average out your buy price and always protect you from big losses.
In this blog I already discuss 2 mutual funds below their offer price 10 rupee. I always prefer a sideways sector fund to investment when market is high.
Please also remember ULIP is not a mutual fund. It is an insurance tool. Always prefer ELSS for saving tax instead of ULIP
- ► 2014 (12)