Top positive review
Reviewed in India on 22 February 2020
"Success comes with proper planning and disciplined investment in the right way at the right time and in the right product"
Mutual funds by RK MOHAPATRA is one such read which guides you and takes you to the journey of making money. It is perfect for beginners, who are interested in investing and for those who wants to secure their future financially with diverse portfolio. It is specifically meant for young generation as they have less knowledge regarding money saving as their elders have just told them about Fixed deposits.
This book talks in depth about Mutual funds, how AMC works and types of taxes. It explains about all kinds of mutual funds such as Debt, Gilt, Equity, Hybrid, Index, and sector fund. After reading this book you would be able to know about terms like NAV(Net asset value) and how that is calculated. He even tried explaining, Direct and Regular mutual funds as majority of humans find it difficult to understand these concepts.
I liked the way author elaborated about long term capital gain tax and tax saving Mutual funds. Due to umteen flowcharts it becomes easier to follow up and gain knowledge at a good pace. In the end it also talked about future of mutual funds in India and analysis of HDFC mutual fund and it has an annexure which contains rate of Inflation Index, list of AMC(Asset Management companies) and different rate of LTCG.
Over-all it was an simplified yet engaging and informative read. Initially, I wasn't aware about a single terminology but after reading this I think I've gained some basic idea. Looking forward for more such informative books.