5 Amazing Facts About Mutual Funds | Invest N Rich
5 facts about mutual funds:
you’ll be interested to know what Fact mutual funds are exactly. Mutual Funds are professionally managed funds that not only diversify risk but also aim to supply long-term or short-term returns. Mutual funds are available in various forms counting on the risk appetite and long time of the investor.
1.Mutual Funds are for everybody
Mutual funds are an excellent tool for those who want to start their investment journey. Those Investments are managed by professional funds managers who are experts within the field and conduct thorough market research before making any decision. If you’re someone who wants to increase their wealth but does not have the skills or experience to invest in the stock market, then mutual funds are for you.
- Mutual fund Investment can be start with 100 /-
Mutual fund is a very easy and affordable financial instrument. An investor can start their journey with as little as 100/-. Mutual funds have enabled young college students and even young working professionals to start out their investment journey at an early age. It enables young investors to develop good financial habits and earn better returns in future. A well-liked way to invest in mutual funds is Systematic Investment Plan (SIP).
- A tax saving Way /Tool
Mutual funds are an excellent financial tool for earning good returns but they can also help investors save tax. Equity-Linked Saving Schemes or ELSS Mutual Funds offer tax relief under Section 80C of the tax Act, 1961. As an investor’s salary increases, they will look to save more tax. In such cases, ELSS schemes are often really helpful. ELSS mutual funds help investors earn good returns over the future while helping them save tax.
- The Power of Compounding
A systematic investment plan or SIP is a great tool for salaried professionals and young investors to start their investment journey. A SIP of just 500/- per month for 30 years at a mean CAGR of 12% can earn you a return of around 18 lakhs. Learn more about the facility of compounding here and why Albert Einstein also called it the “eighth wonder of the world.”
- Dividend Mutual Funds
There are differing types of mutual funds. One such sort of mutual fund is the dividend mutual fund. Dividend mutual funds primarily invest in stocks that are known to pay good consistent dividends. By investing in dividend mutual funds, the investor gets the double advantage of continuous returns in the long term as well as dividend payout in the short term.
Conclusion : Mutual funds are a strong yet easy and affordable investment tool. Through them, you’ll invest in various asset classes and everyone has the opportunity to invest in them as per their risk appetite and time horizon. So what are you waiting for?
Contact us today to start your investment journey with INR Mutual Fund Advisor
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