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Benefits of investing in Mutual Funds
Investing in mutual funds was never this easy
Increase your financial liquidity
The ability to redeem units at any moment is the key advantage of investing in a mutual fund for the investor. Mutual Funds, unlike Fixed Deposits, allow for flexible withdrawal, but it's important to consider things like the exit load and pre-exit penalty.
Diversification
Diversification lowers the risk associated with creating a portfolio, thereby lowering the investor's risk. Since mutual funds are made up of a variety of securities, investor interests are protected in the event that one of the other securities they purchased declines.
MFs for Every Financial Goals
The best feature of mutual funds is that they only require a minimum commitment of Rs. 500. And the maximum can be as much as the investor wants to put up.
Before investing in mutual funds, one should only take into account their goals for investing, risk tolerance, income, and fees. Therefore, regardless of income, everyone from any background is allowed to invest in a mutual fund.
Safety and Transparency
All products of a Mutual Fund have labels now that SEBI norms have been implemented. This implies that there will be colour coding for all Mutual Fund plans. This makes the entire investment process transparent by assisting investors in determining the risk level of their investments
Lower cost
Many investors contribute money to a mutual fund, which is subsequently utilised to buy securities. However, because these funds are invested in assets, as opposed to just one transaction, one is able to reduce transaction and other costs. The savings are transferred to the investors in the form of lower Mutual Fund investment expenses.
Additionally, the price for Asset Management Services is reduced and split equally among all of the fund's investors
The best way to save taxes
The finest alternatives for tax savings are offered by mutual funds. Section 80C of the Income Tax Act provides a tax exemption of Rs. 1.5 lakh per year for ELSS mutual funds. To be sure your tax strategy is necessary, use the income tax calculator on Scripbox.
According to the type of investment and the length of the investment, all other mutual funds in India are taxed.
Comparing ELSS Tax Saving Mutual Funds to other tax-saving options like PPF, NPS, and Tax Saving FDs, better returns are possible.
All you need to know about Mutual Funds
What is mutual fund?
Investing in securities like stocks, bonds, money market instruments, and other assets is done through the use of mutual funds, which pool the money from shareholders. Professional money managers manage mutual funds, allocating the assets in an effort to maximise investors' returns through capital gains or income.
What are the different kinds of mutual funds?
There are four broad types of mutual funds: Equity (stocks), fixed-income (bonds), money market funds (short-term debt), or both stocks and bonds (balanced or hybrid funds).
Is mutual fund safe?
In general, mutual funds are considered to be a secure investment and an excellent way for investors to diversify with little risk.
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