How can I invest in a mutual fund? How much is the minimum amount to invest? Is mutual fund investment better than investing in shares?
From India, Madras
From India, Madras
Hi Vignesh,
You asked about the investment options, whether to invest in shares or mutual funds. A mutual fund is nothing but investing in a group of shares from different industries managed by efficient fund managers or portfolio managers. Also, in shares, the risk is more, and the return is also higher. You have to study a lot to analyze the company before investing in it. In a mutual fund, your fund will not only be in shares; some part of it will be preserved in fixed income securities, resulting in low risk and moderate income.
Nowadays, the market is good, and your fund could double within three years. If you choose to invest in fixed deposits or post office savings, it may take 6 to 10 years to double your money. You can explore some LIC insurance options like Money Plus, Profit Plus, etc., which offer good earnings.
You can observe Warren Buffett: He made investments at the age of 11. "Investments are wealth."
Vijay Karthik, B.E., MBA.,
Coimbatore.
From India, Coimbatore
You asked about the investment options, whether to invest in shares or mutual funds. A mutual fund is nothing but investing in a group of shares from different industries managed by efficient fund managers or portfolio managers. Also, in shares, the risk is more, and the return is also higher. You have to study a lot to analyze the company before investing in it. In a mutual fund, your fund will not only be in shares; some part of it will be preserved in fixed income securities, resulting in low risk and moderate income.
Nowadays, the market is good, and your fund could double within three years. If you choose to invest in fixed deposits or post office savings, it may take 6 to 10 years to double your money. You can explore some LIC insurance options like Money Plus, Profit Plus, etc., which offer good earnings.
You can observe Warren Buffett: He made investments at the age of 11. "Investments are wealth."
Vijay Karthik, B.E., MBA.,
Coimbatore.
From India, Coimbatore
Dear Vijay, Would like to know that is it better to go for bulk investment or take SIP in mutual funds. Also, pls explain about entry load, exit load. Swati.
From India, Bangalore
From India, Bangalore
Hi,
SIP (Systematic Investment Plan) is a much better option than Lumpsum Investment because when the market is down, you will get more units. Also, one can start SIP with Rs. 1000 per month.
In the case of Open-ended funds, the Entry Load is Nil, and the Exit load is 1-2% if you switch or redeem within a year. After 1 year, it is Nil.
Yamini
yamini.mundhra@investcare.in
From India, Delhi
SIP (Systematic Investment Plan) is a much better option than Lumpsum Investment because when the market is down, you will get more units. Also, one can start SIP with Rs. 1000 per month.
In the case of Open-ended funds, the Entry Load is Nil, and the Exit load is 1-2% if you switch or redeem within a year. After 1 year, it is Nil.
Yamini
yamini.mundhra@investcare.in
From India, Delhi
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