A Monthly SIP of even ₹ 150 can take you to your goals.
Mutual fund is a professionally managed investment fund that pools investment from various investors and invests in capital assets to match the investor’s financial goals. Mutual funds are created when several people who wish to earn wealth (investors) combine their resources to create a huge investable amount (corpus). This large corpus is then invested into various companies across industries, operating in different sectors of the economy - depending on the type of fund chosen. All the investors of a mutual fund share in its profits, losses, incomes, and expenses in direct proportion to their level of investment.
Equity mutual funds invest at least 65% of their assets in listed companies across market capitalizations to earn higher returns than debt or hybrid mutual funds. These funds are suitable for investors having high to medium risk-appetite along with an investment horizon of more than 5 years.
Debt mutual funds invest at least 65% of their assets in listed companies across market capitalizations to earn higher returns than debt or hybrid mutual funds. These funds are suitable for investors having high to medium risk-appetite along with an investment horizon of more than 5 years.
Liquid funds are debt funds that lend to companies for a period of up to 91 days. These are the safest funds amongst all the mutual fund categories, owing to their extremely low lending duration.
Hybrid mutual funds invest at least 65% of their assets in listed companies across market capitalizations to earn higher returns than debt or hybrid mutual funds. These funds are suitable for investors having high to medium risk-appetite along with an investment horizon of more than 5 years.
A Tax saving mutual fund, also called Equity Linked Savings Scheme (ELSS), is a mutual fund scheme that invests in equity & equity related securities. With dual advantage of Tax-saving & potential for better returns than traditional Tax-saving Investment Products, this category of Mutual Fund Schemes is must have for every investor. These funds also have the lowest lock-in period of just 3 years amongst all the options available in Section 80C.
Most Reliable Plans at Lowest Rates