Put your saving on work with mutual fund. There are multiple investment option as per your need.
Systematic Investment Plan is an investment plan offered by Mutual Funds wherein one could invest a fixed amount in a mutual fund Scheme periodically at fixed intervals – say once a month instead of making a lump-sum investment.
Children Marriage Plan
Looking at some societal obligations like children’s marriage which in turn affect the personal goals achievement, we here by suggest you to start SIP which can be helpful in achieving the goals comfortably in your own way.
Save Tax
Equity Linked Saving Scheme ensures that while you save on tax, you get to benefit from the growth potential offered by equity investing. Investments in the ELSS category qualify for a deduction under section 80C of the Income tax Act, 1961
Make your own Crore
Systematic Investment Plans (SIPs) are one of the best ways for parents to build a corpus over time for child's education. Mutual fund SIPs can be a good bet when considered for the long term if you have best funds in your portfolio.
Child Education Plan
Systematic Investment Plans (SIPs) are one of the best ways for parents to build a corpus over time for child's education. Mutual fund SIPs can be a good bet when considered for the long term if you have best funds in your portfolio.
Travel Corpus Plan
Leaving the money in your savings account is an option because it gives you instant access. But this will not help you to create a corpus for your travel and vocations . You need to invest your saving to get the compounding benefits and easy access of fund.
Retirement Planning
Any corpus goal flashing on the screen usually prompts young investors to simply give up and stop thinking about retirement. But the truth is that the retirement targets are easily attainable provided you are disciplined and start early.
What is Mutual Fund?
- It is a trust that collects money from a number of investors who share a common investment objective. Then, it invests the money in equities, bonds, money market instruments and/or other securities. Each investor owns units, which represent a portion of the holdings of the fund. The income/gains generated from this collective investment is distributed proportionately amongst the investors after deducting certain expenses, by calculating a scheme’s NAV.
Mutual fund Vs Direct equity investment, which is better?
- No investment is risk-free. There will always be some risk when you invest in the market or even if you invest in the safest fund. Nevertheless, investing in a mutual fund is comparatively less risky than the stock market. However, if you are a novice and new to the stock market, it would be salutary to start investing with mutual funds. For investing directly in the stock market, you will require a good knowledge or at least a strong passion for learning. However, if you have limited time, limited money, and not enough passion to invest your money on your own- then you should invest in the mutual funds.
What are the benefits in investing mutual fund?
- Professional fund management is one of the best benefits of Mutual Fund. As an investor, you opt for the Mutual Fund when:
- You are new and do not know the best. Many of us hire someone to file our income tax returns, or almost all of us get an architect to do our house.
- You do not have enough time or inclination. It’s like hiring drivers even though we know how to drive.
- When you are likely to save money by outsourcing the job instead of doing it yourself. Like going on a journey driving your own vehicle is far costlier than taking a train.
- You can spend your time for other activities of your choice / liking. Given these benefits, there is no reason why one should look at any other investment avenue.
Do I need to pay penalty if I miss a monthly contribution of a SIP?
- In case you miss your SIP payment then although there is no penalty that is imposed by the Mutual Fund company, it does result in lower savings and hence lower returns down the road.
How can I fulfilled my all kinds of financial plan with Mutual Fund?
- The best part about Mutual Funds is that no matter what your financial goal is, you can find an appropriate scheme for it. So if you have a long term financial goal like planning for your retirement or your child’s future education than equity funds could be a choice to consider. If your endeavour is to potentially generate regular income, a fixed income fund could be considered. A liquid fund is a good substitute to consider for a savings account or even a current account to park your working capital. Mutual funds also offer investment options for saving tax. Equity Linked saving Schemes (ELSS) are specifically designed to do the same. Mutual Funds are a one-stop shop for practically all investment needs.