I want to invest in mutual funds, but due to the remoteness of the place, I cannot. Please suggest how to go about it.
If you have access to the internet, then you can go to www.amfiindia.com and type the pin code of your area. You will get the list, or names, of mutual fund agents active in the area near you.
More recently, investors have been given another option. If there is any stock broker registered with stock exchanges near your neighbourhood or town, then you can contact him and, according to the new provisions, you can buy funds through them as well. This entire thing will prove to be very good in coming days.
I had invested in JM funds. They were not doing well. What should I do?
The time has come when people have to decide about funds of JM Finance, which had gone down a lot. Although there has been a recovery after that, yet they have not recovered to the full extent.
One should now have a very close look at the markets, which are doing well now, and if there is any correction in the markets, one should bring out the money though the exact time frame would depend on the individual.