Mutual Funds Basics.
>> Tuesday, August 12, 2008
What are Mutual Funds?
A Mutual Fund is a trust that pools together the savings of a number of investors who share a common financial goal. The fund manager invests this pool of money in securities - ranging from shares and debentures to money market instruments or in a mixture of equity and debt, depending upon the objectives of the scheme.
Why to choose / invest in Mutual Funds?
Diversification: Funds are invested across different companies & different sectors which reduces the risk.
Anytime Liquidity: You can withdraw all or part of your investment any time at current NAV.
Transparency: Portfolio is available to Investors Quarterly / Monthly. You can see your money growing everyday through NAV.
Prompt Service: Account statements & redemption cheques are couriered within 4 days. Liquid Funds redemptions are effected within 24 hours.
Professional: Professional money management has long been available to large MANAGEMENT institutions & high networth individuals. Mutual Funds make this expertise accessible to everyone
Regulation: All Mutual Funds are regulated by SEBI, Board of Trustees & regular inspection by SEBI authorities.
Choice: A wide choice of Income Funds, Gilt Funds, Liquid Funds, Balance Funds, Equity Funds, Sector Funds, Tax Saving Funds, Index Funds.
Flexibility: Flexibility to transfer / shift your investment from one scheme to another.
Accessibility: Mutual Fund schemes are easy to buy any time & also available in convenient installments through Systematic Investment Plan (SIP).
Tax Free Dividends.......
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