How do I choose which mutual fund is good?

Everyone has financial goals that are unique to them and their financial needs. You may want to own a home, a bigger car or fund your child’s education or have a financially protected retirement. Your goals may be a mix of short-term, mid-term and long-term goals. These goals, in turn, determine the amount of savings you need to create and how you need to invest to attain the desired goal amount.
Moreover, with everything becoming more expensive, investment in traditional instruments might not live up to your expectations. This is where investments in Mutual Funds can be beneficial. Whatever your goals might be, there are Mutual Funds to help meet them. The mutual fund basket has something for everyone whether you are a conservative or aggressive investor, have a short-term and long-term goal and have a small or large amount to invest. You can use different kinds of mutual funds with different investment objectives to reach your goals.
Choosing the right Mutual Fund, hence, becomes the first important step in achieving your financial goal.
I have listed some common goals and the most suited mutual fund options to invest in for these goals below. You can choose the best one that suits your needs. Follow this link to get started with Mutual Fund investments on the go-

If you have made a decision to include mutual funds in your investment strategy but don’t know how to get started, it’s actually pretty easy with just a bit of due diligence on your part. You can get halfway there just by understanding your own tolerance for risk and getting clear on your investment objectives. Picking winning mutual funds involves choosing those that provide good returns at a low cost, but funds are even bigger “winners” when they strategically enhance your own portfolio and investing objectives.

Once you’re ready to choose some mutual funds, there are ways to analyze them such as looking at each fund’s past performance history, management team, and expense ratios. You can also entertain different investment strategies that will drive your fund choices, such as diversifying your portfolio with international exposure, buying the market index (S&P 500), or dollar-cost-averaging your money into different funds.

1 Start With Your Goals and Risk Tolerance
2 Pay Attention to the Expense Ratio—It Can Make or Break You!
3 Avoid Mutual Funds With High Turnover Ratios
4 Look for an Experienced, Disciplined Management Team
5 Find a Philosophy That Agrees With Your Own
6 Buy No-Load Mutual Funds
7 Know the Appropriate Benchmark for Your Mutual Funds
8 Work Toward Ample Diversification of Assets
9 The Case for Index Funds
10 Use Dollar Cost Averaging

Follow this link to know more Why do you need to Invest in mutual funds?