Your first mutual fund is very important The first fund you buy plays a major role in making or breaking your belief in stock investing Useful, simple to understand and easy to execute. These should be the qualities of your first mutual fund. For beginner investors, this is generally best satisfied by tax-saving funds or balanced funds. Here's why. When you start investing in mutual funds, it makes sense to opt for a fund that invests mostly in equity. The reason for this is that you are likely to have no equity investments at all. New investors generally have bank deposits, the PPF and other fixed-income investments. Since equity is the best type of long-term investment, and since mutual funds are the easiest and safest way to invest in equity, it follows that the type of fund you should choose must be an equity fund. Subscribe to the Value Research Insight newsletter There are two types of funds that are uniquely suitable as beginner funds. These a
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