We understand that everyone has different perspective, time horizon and risk appetite towards investments. Based on your financial goals, we can help you to choose best mutual funds i.e. Equity, Tax Saving, Balanced, Debt, and Gold Funds to invest either as lumpsum or in SIP
”Risk comes from not knowing what you are doing” – Warren Buffet
A mutual funds is not an alternative investment option to stocks and bonds, rather it pools the money of several investors and invests this in stocks, bonds, money market instruments and other types of securities.
The AUM of the Indian MF Industry has grown from 4.78 trillion as on 31st January 2009 to ₹23.37 trillion as on 31st January 2019, about 5-fold increase in a span of 10 years.
Mutual Funds SIPs accounts stood at 2.57 CRORE! And the total amount collected through SIP during January 2019 was ₹8,064 crore.
An asset management company (AMC) is a company that invests its clients’ pooled funds into securities that match declared financial objectives. There are total of 43 Assets under management (AUMs) of mutual funds and over 2600 number of mutual fund schemes in India.
InvestoRight becomes your guide and friend to help you choose the right funds for your financial goals.
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Buying a mutual funds is like buying a small slice of a big pizza. The owner of a mutual funds unit gets a proportional share of the fund’s gains, losses, income and expenses.
Investing in mutual funds offer various advantages as shown below.
Some popular objectives of a mutual funds are
|Funds Objective||What the funds will invest in|
|Equity (Growth)||Only in stocks|
|Debt (Income)||Only in fixed-income securities|
|Money Market (including Gilt)||In short-term money market instruments (including government securities)|
|Balanced||Partly in stocks and partly in fixed-income securities, in order to maintain a ‘balance’ in returns and risk|
Tax Saving Funds
Every year, a large number of people usually invest only between December to March in order to avoid paying taxes, as the Indian Government, under the Income Tax Act, Section 80C encourages individuals to invest and exempts up to Rs. 1,50,000 in deductions on investments. In this hustle, people do not take much time to understand the financial products and invest into financial instruments leading them nowhere for their financial goals.
ELSS like PPF is tax exempted u/s 80C of the Income Tax Act and has a lock-in period of 3 years. ELSS is a type of mutual funds which as the name suggests invests largely in equity and equity related instruments. Due to the equity exposure, the performance of ELSS is dependent on the stock market and is a high-risk high-return product.
InvestoRight can help you choose ELSS funds from many ELSS funds available in the market. ELSS provides better growth opportunity for the invested money with a smaller lock-in period.
|Lock-in Period||15 years||3 years|
|Max. Investment||Rs. 1,50,000 per year||No Limit|
|NRI can Invest||No||Yes|
|Liquidity||Partial Withdrawal after 7 years||Full withdrawal after 3 years|
|Amount Invested||Rs. 1,50,000||Rs. 1,50,000|
* 7.6% return for FY17-18
# 15% return is based on historical performance of ELSS funds