14 funds
The Net Asset Value (NAV) is the price per share of any particular share at any given time. This does not include any brokerage or overheads you may pay for the share. It is updated every day at the close of the market day.
These are a highly liquid asset and hence, can be withdrawn at any time. While sale and purchase can take place at any time of the day, the money is transferred out generally at the close of the market day.
The minimum investment possible is Rs. 100 in SIP and Rs. 1,000 in lump sum, but at the very least Rs. 500 is suggested.
The mutual funds that are significantly volatile but offer high returns with a greater risk of loss are called high risk mutual funds. Large cap equity are less risky and give stable returns. Mid cap and small-cap companies have small capitalization and have scope for growth give high returns but have significantly high risk.
As a long term asset, mutual funds can be very beneficial. The average returns based on the top 20 performing ones over the last 20 years are annualised at 9.75%.
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