A mutual fund is the type of investment that collects small amounts of money from several investors and invests it in various categories. It is also known as the Asset Management Company. The gains and losses calculated on the investment are shared by the investors according to their investment.
Mutual Funds are the ideal investment for those who do not have much knowledge about investing. The mutual funds are registered with the Securities and Exchange Board of India (SEBI).
Features of Mutual Funds
- Professionally Managed
- Simplicity in tracking
- Safety and transparency
- Suitable for most financial goals
- Hassle-free process
Objectives of Mutual Funds
- Steady Returns
- Capital Appreciation
- Regular Monthly income
- International Exposure
- Realizing life goals
Investing eligibility in Mutual Funds
Mutual Funds are open to investors of all types. Except for resident and non-resident individuals, entities, HUFs, QIFs. Non-Banking Financial Corporations registered FIIs, Cooperative Societies, and PIOs are eligible for investing in mutual funds.
Benefits of investing in Mutual Funds online
- Easy comparison