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MUTUAL FUND

Saving Rs. 30 a day can make you a Crorepati!

Saving Rs. 30 a day can make you a Crorepati!

sip

Becoming a Crorepati is a dream for every investor and it comes true by saving just Rs 30 a day, but how? Start investing in any of the diversified mutual fund through SIP (Systematic Investment Plan). But the fact is that start SIP as early as possible because the early you start investing the early you become a Crorepati. Warren Buffet the world’s most renowned and successful investor who ranks second in of the world’s billionaires list started investing in stocks at the age of just eleven.

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What is a Mutual Fund?

What is a Mutual Fund?

mutual funds

A mutual fund mainly refers to ‘a financial instrument that collects money from various investors and invests these amounts in different instruments like equities, bonds, money market securities or combination of these. In other words, we can say a mutual fund is a collection of stocks and bond which is managed by fund manager or a company that we hire, and for that we pay a certain amount of money to them. The main advantage of mutual fund investment is saving time to study the market trends and also comparatively lower riskier than the investment in the stock market.

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What are the various types of Mutual Funds?

What are the various types of Mutual Funds?

types of Mutual Funds

Today, there are varieties of mutual funds available for investment. Many of these funds are known as income fund, growth fund, liquid fund, balanced fund, tax saving fund, open ended fund, closed ended fund etc. These funds can be classified into two categories: either by the Maturity Plans or by the Investment Objectives. These funds are discussed below:-

Based on the Maturity Plan

Based on the maturity plan, there are three types of mutual fund schemes. They are known as Open ended Fund, Close ended Fund and Interval Fund. These funds are discussed below:- Continue reading

Why to invest in Mutual Funds?

Why to invest in Mutual Funds?

Mutual Fund Investment

Mutual fund is a collection of stocks, bonds, money market securities or combination of these which is managed by fund manager or a company that we hire and for that we pay a certain amount of money to them. Mutual Funds investments have many advantages which attract investors’ attentions. These advantages are Professionally sound management:, Diversification, Flexible, Time Saving, Low Cost, Less Expensive, Liquidity, Transparency, Variety of Options & Higher Return Potential.

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