The total number of unique mutual fund investors in India crossed 40 million in 2023. And the number is likely to grow with a new influx of financial awareness and ease of digital access to investing means. So, what does this news mean? Many people including NRIs/OCIs are opting to invest in mutual funds to grow their wealth. If you’re one of them, this blog can help you understand the market, improve your investment skills, and make informed decisions. Let’s find out more in our list of the top 10 best books every mutual fund investor should read.
List of 10 Top Books on Mutual Fund Investing
1. Mutual Funds for Beginners: How to Invest in Mutual Funds for Safe Investing and Great Profits by Charles E. Reinhardt
This book is for beginner investors looking to understand mutual funds and how they work. The book talks at length about the pros and cons of mutual funds, types of mutual funds, how to choose the right fund manager, align your investment goals, and choose the right investment option to reach your goals. The book explains the mutual fund scene in layman’s terms, helping beginners and more to understand it better. It is one of the bestselling books in mutual funds all across the globe.
2. Common Sense on Mutual Funds by John C Bogle
In this book, John Bogle provides valuable insights into mutual funds, covering topics like fees, performance, and risk. Even if you are a new investor, Bogle’s logical and thoughtful way offers invaluable guidance for improving your strategies. It offers straightforward guidance on mutual fund investing in today’s unpredictable market. It provides advice for building a strong investment background, and it is all explained in an easy-to-understand manner.
Also read: What is the 15x15x15 Rule In Mutual Funds for NRIs?
3. Mutual Funds for Dummies by Eric Tyson
Written in a straightforward and simple manner, this book titled “Mutual Fund for Dummies” by Eric Tyson focuses on strategies to pick the best funds and avoid investing risks. The book discusses aspects like tax laws and how they affect the investment in funds. The book is one of the best books on investing for beginner mutual fund investors and helps them to get up to speed with the investing nous and strategy.
4. Indian Mutual Funds Handbook 5th Edition: A Guide for Industry Professionals and Intelligent Investors
This is a great read for anyone looking to understand the Indian mutual fund industry and make informed decisions. The book focuses on the workings of Indian markets, operational mechanisms, and regulatory schemes. It explains about the benefits of investing in mutual funds, different types of mutual funds, the risks and rewards of those funds, and other stipulations of SEBI. It is one of the quintessential top books on investing to understand the Indian mutual fund industry in depth.
5. Bogle On Mutual Funds: New Perspectives For The Intelligent Investor by John C Bogle
Another one from John C Bogle, this book allows users to understand the difference between common stock, bonds, money market, and balanced funds to provide them an overall outlook of the workings of financial markets. The book looks into the aspect of how passively managed index funds at times can be a smarter investment option for users than going for individual securities. It focuses on the risks and rewards of mutual fund investment and describes the four types of basic funds to choose the most reliable of them.
Also read: How to Make 1 Crore in 10 Years by SIP?
6. Mutual Fund Industry Handbook: A Comprehensive Guide for Investment Professionals by L Gremillion.
Mutual Fund Industry Handbook by L Gremillion is a great book to read for both beginners and seasoned investors. It gives the user a perspective on the various aspects of mutual funds and their working. It sheds light on the aspects of fund management, diversification, convenience, liquidity, and much more. The book has different segments describing the ins and outs of mutual funds like front-end loads or back-end loads, fund categories, role of the fund managers, and more.
7. The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Return by John C Bogle
The next one on our list titled “The Little Book of Common Sense Investing” is one of the simple yet effective mutual fund books to learn from. Authored by John C Bogle, this book provides an effective strategy to build wealth over the long time. It explains about buying and holding mutual fund units that track the broader market. It emphasizes long-term goals rather than short term and puts into perspective the benefit of compounding and how it can generate a great corpus for you.
8. The Psychology of Money: Timeless lessons on wealth, greed, and happiness by Morgan Housel
A successful investing journey begins with the understanding of how money works, and the book titled “The Psychology of Money” explains that in detail. The book focuses on teaching people about the behavioral traits of money with the use of math, data and formulas. These things help build the knowledge and make smarter decisions which can be put to use to create a successful investing journey for yourself.
Also read: What is the Rule of 72 and How to use it to Double your Wealth?
9. Let’s Talk Mutual Funds: A Systematic, Smart Way to Make Them Work for You by Monika Halan
The book highlights how mutual funds have become a preferred investment option for Indians in the last two decades. The book provides insights into the entry and exit strategies, the liquidity nature of the funds, and how an investor can generate higher returns from their investments. It also details how mutual funds have become a preferred option and the seismic shift from traditional investment options like gold, fixed deposits and real estate. The book allows you to understand the Indian mutual fund industry in depth.
10. The Mutual Funds Book by Alan Northcott
The book titled “The Mutual Funds Book” by Alan Northcott explains the basics of mutual funds, how they work and factors to consider when investing. The book also describes the common mistakes investors make during mutual fund investment. With so many mutual funds to choose from, this book details the selection criteria to find the best suitable funds for the investor as per their risk criteria.
Also read: How understanding the Rule of 8-4-3 can turn your Rs 30,000 monthly into Rs 1.5 cr?
Wrapping Up
Overall, these books are must-reads for anyone interested in mutual fund investing. They cover everything from the basics to advanced strategies, ensuring investors of all levels find valuable insights to enhance their investment journey. From personal finance to industrial, these books can give you a complete understanding of mutual funds.
Looking to Invest in India as NRI/OCI
NRIs can now download the SBNRI App and choose to invest in different NRI mutual fund schemes in India with ease. You can also get detailed investment advice from experts at SBNRI. Also, visit our blog and YouTube channel for more details.
SBNRI is an authorized Mutual Fund Distributor platform & registered with the Association of Mutual Funds in India (AMFI). ARN No. 246671. NRIs willing to invest in mutual funds in India can download the SBNRI App to choose from 2,000+ mutual fund schemes or can connect with the SBNRI wealth team to better understand Mutual Fund investments.
