Good Funds to Invest

Direct: Dhirendra Kumar answers some queries posed to him on Fund ka Funda on Star News How is NAV calculated? The NAV or Net Asset Value per unit can be calculated by dividing the value of its total Net assets by the number of shares outstanding. I want to invest Rs1000 per month in the growth option of SBI Blue Chip Fund for the next 20 years for my daughter's education. My daughter is nine months old. Is it a good option? SBI Blue Chip is a relatively new fund launched in January 2006.The fund has offered a return of 43% in 2007. Its returns have been slightly below average. You need to monitor its performance closely if you wish to invest in it, or instead you may consider any of the well diversified Five Star or Four star rated funds with proven track record. You may choose from funds like Birla SunLife Frontline Equity, Magnum Contra, HDFC Equity and Kotak 30. I wish to invest in Tax Saving Funds. Please suggest some good funds in this category. For tax saving you can choose from funds like Sundaram TaxSaver, Magnum Taxgain, HDFC Tax Saver and Birla Equity Plan. These are well-rated funds with a proven

This article was originally published on July 02, 2008.