Introduction:
Mutual funds pool money from investors to invest in stocks, bonds, or other assets—making them ideal for both beginners and experienced investors.
Types of Mutual Funds:
- Equity Funds (high growth, higher risk)
- Debt Funds (stable returns, lower risk)
- Hybrid Funds (balance of both)
- ELSS Funds (tax-saving under Section 80C)
Why Choose Mutual Funds:
- Professionally managed
- Diversification reduces risk
- Affordable & liquid
Checklist Before Investing:
- Know your risk appetite
- Set financial goals
- Understand fees (expense ratio, exit load)
Conclusion:
Mutual funds are versatile, transparent, and accessible perfect for building a strong financial foundation.