Mutual Funds Investment: Many of us take New Year resolutions on the occasion of New Year. Some make a promise to themselves to give up bad habits and some make a promise to themselves to pay attention to their diet. Many people take New Year resolution to make savings. However, savings is not a sprint but like a marathon because only if you move slowly in the right direction, you will be able to save money. For this, investment in mutual funds can be a way, which proves helpful in achieving long term financial goals.
Minimum amount of investment in mutual fund is Rs 500
Mutual fund investment is indirect investment in the stock market, that is, in this the money of many investors is pooled together and then it is invested in the market. Mutual funds are managed by asset management companies, which have many schemes of their own. The risk is also relatively low because the money is invested in many different places such as shares, bonds, money markets. Choosing the right mutual fund also gives tremendous returns. Anyone can invest in mutual funds, the minimum amount for this is Rs 500.
Choose a period of seven years for investment
Experts say that investment in mutual funds should be made for seven years and a combination of large-cap, mid-cap and small-cap funds should be taken advantage of. Today we are going to tell you through this news how investing in mutual funds can make you rich. In a conversation with Livemint, Pankaj Mathpal, Founder and CEO of Optima Money Managers, gave information about the top 5 mutual funds in the categories of small-cap, mid-cap and large-cap, with the help of which you can earn huge profits in the year 2025.
You can invest in these
He said, apart from large cap funds like ICICI Prudential Bluechip Fund, Nippon India Large Cap Fund, HDFC Top 100 Fund, Motilal Oswal Large Cap Fund and Bajaj Finserv, Motilal Oswal Midcap Fund, HDFC Midcap Opportunities Fund, WhiteOak Midcap Fund, HSBC Midcap Fund Fund and Edelweiss Midcap Fund are better for investment. Whereas in the small cap category, investors can think of investing in Motilal Oswal Small Cap, Bandhan Small Cap, Tata Small Cap, HSBC Small Cap and Mahindra Manulife Small Cap.
Experts believe that investing in SIP gives you guaranteed returns. Siddharth Maurya, founder and managing director of Vibhavangal Anuktakara Pvt Ltd, told Mint, SIP is considered the best for investment as it allows one to buy more units at lower prices and fewer units at higher prices, irrespective of market fluctuations. Due to which the average cost of investment becomes equal.
Disclaimer: (The information provided here is being provided for information only. It is important to note here that investment in the market is subject to market risks. Always seek expert advice before investing money as an investor. ABPLive.com does not advise anyone It is never advisable to invest money here.)
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