A mutual fund is a professionally managed investment tool that pools money from investors to purchase assets such as stocks, bonds, and gold.
Investors can easily buy and sell mutual funds during market hours. However, certain funds such as ELSS have a specified lock-in period.
Mutual funds don’t require hefty investments. It enables one to start investing with relatively small amounts, making it easier to build a diversified portfolio over time.
These funds are managed by full-time, professional fund managers who have the knowledge, experience, and resources to buy, sell, and manage investments.
It helps you spread the risk across a wide range of investments, thereby mitigating the impact of volatility in a single asset, and reducing overall risk.
Investments in mutual funds are subject to market risks. Please read all scheme-related documents carefully before investing.