To empower you with knowledge on Mutual Funds, this website presents you with Informative and Interactive tools. As you explore the site, you will come across informative infographics which empower you with knowledge on various facets of mutual funds, and interactive tools like Ask a Question, Mutual Fund quiz, etc. which answers your queries, test your knowledge, and much more.
Before you delve into the world of Mutual Funds, have quick read on the basics.
When does mutual fund come into play in your life? It is the moment you are ready to achieve following in your life: Create wealth from your investments, achieve various financial goals in your life and/or save tax.
Before you start investing in mutual fund, you should answer two questions: What is the objective (goal) you want your money to achieve for you? And how long can you keep your money aside to grow?
For achieving short term goals like buying a car, going on a family vacation etc. you can invest in debt funds. For achieving long term goals like child's marriage, retirement etc. you can invest in equity funds.
So if you want to achieve a goal, say child's education, in 2 years, then your investment should be in debt schemes (2 days - 4 years). If you want to achieve this goal in next 10 years, then your investment should be in equity schemes (5 years+).
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