Mutual Funds

The mutual fund industry came into existence in India in 1963. Today, there are 44 mutual funds available in the market. Mutual funds are a good bet to invest in the stock market if you don't have time to track the stock market or manage an equity portfolio. There is a mutual fund manager who takes the decision about where your money is invested based on years of research.

In case you are a first-time mutual fund investor and your KYC (Know Your Customer) is not done then we can help you with your KYC. No physical application or signature is required.

SIP vs Lumpsum

You can either invest a lumpsum amount or go for SIP (Systematic Investment Plan). SIP refers to doing an investment weekly, monthly, or quarterly. Investing through SIP is beneficial since units are bought at different rates, helping to average out the negative performance and utilizing the power of compounding.

Major Types of Mutual Funds

• Equity Mutual Funds: Invests at least 65% of the total fund amount in company stocks. Stay invested for 3-5 years for good value appreciation.
• Debt Mutual Funds: Invest primarily in fixed-income securities like government bonds, corporate bonds, and treasury bills.
• Hybrid Mutual Funds: Invests in a mix of equity and debt to balance growth and stability.
• Sector/Thematic Funds: Invested in a single industry or broader theme (like ESG). High risk and high reward.
• Index Mutual Funds: Follows a particular stock index such as Sensex, Nifty.
• ELSS Mutual Funds: Qualify for tax deduction under Section 80C with a lock-in period of 3 years.
• International Mutual Funds: Indirectly invest in international stocks giving global diversification.
• Exchange Traded Funds (ETFs): Trade live on the stock exchange during market hours.