Step-by-Step Guide to Selecting an Equity Mutual Fund

Objectives behind this guide:

• Create a resource which is simple to understand and easy to use.
• With a bit of practice, a user should be able to shortlist good mutual funds within 15-20 minutes. It makes no difference if someone takes an hour or a few days. The point is to illustrate how easy fund selection is once you have the right perspective.
• Mutual funds can be analyzed in many, many ways. The guide should at least use many of important analysis methods.
• It should first explain in a simple way what the results from the analysis signify.
• The fund selection must be completely objective. That is it should depend only the results of the analysis. It should take into account long time performance and should not go by fund ratings.

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Update

An updated article has been published on the above topic.
How to select an equity mutual fund -preamble (Archive)
How to select an equity mutual fund – Creating a shortlist (Archive)
How to select an equity mutual fund – Making a Choice! (Archive)