Understanding Mutual Funds
A mutual fund is a financial vehicle that pools money from many investors to purchase securities like stocks, bonds, money market instruments, and other assets.
Why Invest in Mutual Funds?
- Professional Management: Fund managers research and select securities for you.
- Diversification: You can own a small slice of many companies.
- Affordability: You can start with as little as ₹500 via SIP.
"Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn't... pays it." - Albert Einstein
Types of Mutual Funds
- Equity Funds: Invest in stocks. High risk, high return.
- Debt Funds: Invest in bonds. Lower risk, stable returns.
- Hybrid Funds: Mix of both.
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