Choosing an equity fund for your portfolio requires a methodical selection process that has two phases. The first one is about you and begins with identifying the need for an equity mutual fund in your portfolio or your financial goal along with its time horizon the type of equity fund investment, and an assessment of your risk tolerance. Once these three things are in place, selecting the suitable fund amongst those available is the next step in the process i.e. second phase.
The second phase thus involves searching through all the suitable funds using a more qualitative approach by looking for certain information on the funds and analyzing various risk parameters. You should look for information on fund portfolio, vintage, fund managers, expense ratio, its benchmark, and how the fund
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