Before we start off with the topic, lets first try to understand the very basics.
Article By: Apparao Paila
Email Id: apparaopaila@gmail.com
Contact No: +91-9177471374 / +91-9390707379
Article By: Apparao Paila
Email Id: apparaopaila@gmail.com
Contact No: +91-9177471374 / +91-9390707379
What is a Mutual Fund ?
For Eg - Say you have Rs. 10000/- and you want to invest in some stocks. Since the amount is too small, you may not be able to buy enough quantity of stock with this amount. Now, the concept of Mutual Funds works here. Their concept is to pool the money from various investors to create a lump-sum and then invest this amount in various stocks as per their framework. Further the share is divided in "unit" basis and allotted to the customer depending on how much he invests.
Where to buy the Mutual Funds from ?
You may contact the Financial Advisor. Or visit any of the Asset Management Company. Mentioning few below for your reference.
- UTI
- DSP Block Rock
- Birla SunLife
- ICICI
- HDFC
- Kotak
- Axis
- SBI
Benefits of Mutual Funds
- Tax Savings
- Low Risk
- Low Transaction Cost
0 comments :
Post a Comment