All about Mutual Funds

All about Mutual Funds you need to know in 2023



In this informative blog, we will be discussing about mutual funds - information sahi milegii yhi
Mutual fund is a money basket, invested by various investors and it is managed by professional analysts. You must always have a mutual fund in your investment portfolio. There are many types of mutual funds available with different brokers. 

The 2 main types of Mutual Funds are: Growth Fund and Dividend Fund. Let's talk about them briefly:
1. Growth Fund- In this type of fund, the dividends received from the stocks are automatically re-invested on your behalf. This leads to increase in your principal amount thus giving you more benefit through compounding. This is an incredibly best option for those who haven't retired. 
2. Dividend Fund- In this type of fund, the dividends received from the stocks are credited to your bank account on regular basis. This is best option for senior citizens as they get income regularly to take care of their expenses. 
Almost every fund is available in above two variants, you must choose which is best suitable for you. 

Now considering that you have made up your mind to start investing, you will need a demat account with a broker. 
So, there is Regular Mutual Fund and Direct Mutual Fund. Let's talk about them briefly:
1. Regular Mutual Fund- These are basically the third person between you and the fund house. They generally transact on your behalf with the fund house and thereby charge a certain fee like 1-2%, you might think that this is not a big deal but in longer run over more than 10-15 years this amount goes in lakhs. So, direct mutual funds are always better over regular mutual funds. 
2. Direct Mutual Fund- This is the best option when you want to start investing in Mutual fund. In direct mutual funds, your investment directly goes to the company without any third party involvement, in return it saves you lakhs of rupees in a longer run.

So from above information we can conclude that Direct Growth Mutual Funds are best. 
Now let me mention few names from where you can start investing in regular and direct mutual funds:-

1. Fyers Direct 
2. Zerodha Direct
3. Nippon India Mutual Fund
4. SBI Mutual Fund
5. Aditya Birla Sun Life Mutual Fund
6. Canara Robeco Mutual Fund
7. ICICI Prudential Mutual Fund
8. Mirae Asset Mutual Fund
9. UTI Mutual Fund
10. Motilal Oswal Asset Management

Above are some reputed companies from where you can open your account for investments, I personally use Fyers and Zerodha, you can choose any one from above listed companies. 

Link to join my Telegram group to so that you don't miss any finance related blogs in future.

https://t.me/multiplyingmoneymadeeasy


ACTION STEPS after reading this useful blog:
-START investing now after opening your demat account.

I wish you an amazing and prosperous life ahead, kindly share this useful blog with your family and friends.


Location: Mumbai, Maharashtra, India

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