What is Mutual Fund?
- A Mutual Fund is a pool of money from investors who wish to make money.
- It invests money in Stocks, Bonds, money market instruments and different types of securities.
- It is a collection of different investments.
- It is managed by professional Fund Manager.
- Mutual Fund is well diversified investment tool.
- It is a low cost investment option.
- It may be a tax saving investment vehicle.
So, simply invest in Mutual fund and the fund manager will take care of your investment to grow with handsome return. But keep in mind that Mutual Funds are subject to market risk.
How to start ?
- You should have one bank account.
- You should be KYC complaint. (Know Your Customer)
- You should have PAN (Permanent account Number)
- You should have Aadhaar Number.
What is KYC ?
It is a way to identify investors. You can check your KYC status online in different website by putting your PAN. One such link is given below for your ready reference.....
If you are not KYC complaint, you apply for it to registrar or transfer agent (like Cams or Karvy) or any Mutual Fund company.
Buying Mutual Fund
There are more than 4000 schemes of mutual fund available in Indian market to buy. So, choosing right fund is simply an uphill task for common investors. We should learn the art of choosing the right fund as per our goal.
Happy Investing !!!
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