While there are many Asset Management Companies (AMCs), not every one of them has the same record. Check the fund house’s reputation and track record of managing different mutual funds. Also, check how consistently the fund house has generated profits over a few years.

As professional fund managers manage mutual funds, you must pay a certain cost. These costs include managing, promoting, distributing, and distributing mutual funds. Usually, the expense ratio is around 1-2% but SEBI has capped the expense ratio at 2.25% of the total funds.

Look for funds that have provided consistent returns for the past years. Choose mutual fund schemes that provide a long-term return. Before selecting one, you can check the returns through INDMoney’s Baroda BNP Paribas Mutual Fund SIP Calculator and Lumpsum Calculator  to check whether they align with your needs or not.

It is the time period for which you wish to invest your money in the mutual fund. Some mutual funds are ideal for 1 day while others suit investment of 5 years or more. Different mutual funds work at different time horizons. 

Check the performance of different funds offered by the AMC over 3 to 5 years against their respective benchmark and category. Ensure it consistently meets its goals and aligns its asset allocation with the benchmark index. Baroda BNP Paribas Large and Mid Cap Fund have been providing a consistent return of 24.41% in the past three years.

Download the INDmoney app and create your free investment account by completing your KYC ( Know Your Customer).

Choose any SBI Mutual Fund by looking at aspects like past returns, volatility, downside capture ratio, AUM, Expense ratios and underlying stocks and sectors.

Set up payments. If you choose to set up SIP in any SBI mutual funds, you can do a free automatic pay set up via bank mandate or UPI. If you choose to invest in lumpsum (one-time) then you can pay via UPI, net banking, NEFT or RTGS.