What is Mutual Fund?
A Mutual Fund is a pool of money by many investors given to the asset management company for a certain objective. It is regulated by the security and exchange board of India. It is a government body that regulates all financial markets-related services in India such as the Stock Market, Bond Market, Mutual Fund, etc.
Mutual fund is very much transparent. Companies need to publish every information regarding portfolios, Expense ratios, Fund Objectives every month as per the guidelines.
There are primarily 4 types of funds.
1. Equity Mutual funds
2. Fixed-income fund
3. Gold-saving funds
4. Asset allocation funds
This category is quite suitable for all types of investors as it provides stability as well as better returns with less volatility. One must allocate some money in these kinds of options.
Hope this calculator will solve all your queries and helps you calculate your future needs and requirements. How much money you should need to invest monthly to meet your goal in the future.
For more queries, questions and consultation feel free to call-
HEMANT K MIDHA (FINANCIAL CONSULTANT)
MY PLANNER
MOBILE NUMBER- 09988840022