Investing in Mutual Funds is a simple and convenient way for building wealth. As a pooled investment vehicle, Mutual Funds offer several advantages
Digital Accessibility: Online platforms allow you to invest in just a few clicks. You can choose from a variety of investment modes and access your account statements and portfolio details easily.
An Opportunity to Start Small: If you want to start small, begin by investing with a minimal amount of ?500 every month through a SIP [Systematic Investment Plan].
Potential for Long-term Wealth Creation: To create wealth, allow the power of compounding to work in your favor as you stay invested for a long period.
Achieve Diversification: The principle of diversification enables you to invest across different companies, sectors and/or asset classes that may reduce your overall investment risks.
Tax Saving: ELSS investments offer deduction of income through Section 80C of the Income Tax Act, 1961. With a brief lock-in of three years, tax-saving ELSS may also help you build your wealth in the long run.
Professional Management: Qualified fund managers make skilled investment decisions based on in-depth research and expertise to help maximize your returns.
Transparency: Every AMC has to follow defined guidelines as laid down by SEBI. This transparency ensures that your interests as an investor are secured.
Easy Redemption: Besides the ability to access your funds at any point in time, Mutual Funds also offer high liquidity* & easy redemption facility.
*All mutual funds except ELSS and Solution Oriented category of funds have no lock-in period. You can withdraw your money at any time.
As of August 2020, Currently, there are about 3.31 crore (33.1 million) SIP accounts through which Investors regularly invest in Indian Mutual Fund schemes
Disclaimer - As per the present tax laws, eligible investors (Individual/HUF) are entitled to deduction from their gross total income, of the amount invested in equity linked saving scheme (ELSS) upto Rs. 1,50,000/- (along with other prescribed investments) under Section 80C of the Income Tax Act, 1961. Subject to prevailing tax laws.
SIP is a process for disciplined investment of a certain amount on a pre-decided date in a specific mutual fund scheme, regularly over a period of time.