There is no right time to start investing. If you still need to start, the best time is now. Ideally, the earlier you start investing in mutual funds , the better your chances of building a corpus of wealth for the future. Having said that, when you invest early, you get access to what seasoned investors call- the first mover advantage. When you have no reason to delay, growing your money through the power of compounding is advisable.
What are Mutual Funds?
A professionally managed investment pool, mutual funds accumulate money from different individuals and institutions with similar goals. The cumulative investment is then invested in capital assets and managed by fund managers. Deviating from traditional investments options, mutual funds allow investors to benefit from the advantage of scale, at a much lower cost.Best Mode to Invest in Mutual Funds
India has seen a significant rise of mutual fund investments in the last decade due to the flexibility of the vehicle. Everyone from novice students to retired professionals is resorting to diversifying their portfolio with a healthy mix of mutual funds to accomplish both personal and career goals.A Systematic Investment Plan (SIP) falls under the umbrella of mutual funds and is your best bet, to begin with. Kickstarting your habit of financial discipline with as little as ₹ 500 monthly, scale up slowly to meet your personal goals. For long term investors, SIPs are the perfect tool to mitigate risk.
Factors Determining Mutual Fund Investments
Investment Horizon:
When assessing your financial goals, keep in mind your investment horizon- long or short term, and then choose your fund. Long-term investments will give you higher returns, but at a higher risk. If you are saving for your children’s education or marriage, consider equity funds to meet your long-term goals. On the other hand, short-term investments carry lower risk, and lower returns. Debt fund work better when you want quick returns to meet short-term goals like buying a car or making a downpayment for your home.Risk Appetite:
It is crucial to evaluate your risk appetite before investing in mutual funds. These investments are subject to market volatility, and you need to read the fine print before taking a plunge. If you are a risk-averse investor, opt for liquid funds or government backed securities.Market Scenario:
Market scenario plays a key role in determining whether you should invest in a mutual fund. If you have a risk appetite, you can consider investing long-term and benefit from the different market cycles. On the other hand, if you want to play it safe consider investing only after the fall, once the market is stable.Taxation:
Mutual fund investments are taxable as capital gains and vary from fund to fund. If your holding period of the units is less than three years for debt mutual funds, the capital gains will be levied as per the income tax slab rate. However, if it is more than three years you are taxed at 20% with indexation benefits.In the case of equity mutual funds, short-term capital gains are taxed at 15% when the holding period is less than a year. When it is more than one year, capital gains over one lakh are taxable at 10%.
Also read: Does SIP In MFs Qualify For Tax Benefits?
Why You Need to Start Investing in Mutual Funds?
Historical Market Performance:
The market performance can tell you a lot about the importance of investing. Over the long run, the Indian stock market has experienced substantial growth. For instance, during the previous 20 years, the BSE Sensex has generated an average annualized return of about 15%. Investors can profit from the market's potential long-term development early.Power of Compounding:
The ability of assets to generate reinvested income and generate other returns is called compounding. The longer your investments must compound, the earlier you should start investing. The compounding effect has the potential to enhance your wealth greatly over time. For instance, due to compounding, even a tiny monthly investment might balloon into a sizeable sum over several years.Systematic Investment Plan (SIP) Advantage:
SIPs are a well-liked investment strategy in India since they let investors regularly put money aside in fixed amounts. You can take advantage of rupee-cost averaging by beginning a SIP early. Implement this strategy, purchase more units when the price is low and fewer units when the price is high. This tactic could mitigate the effects of market volatility and gradually average our investment costs.Pension Planning:
Early mutual fund investing is especially important for retirement planning. Getting started early gives you more time to accumulate a sizeable retirement fund. Early investing can ensure a comfortable retirement because of the power of compounding and the possibility of more significant profits.Although these show the benefits of starting investments early, it's crucial to remember that investments in mutual funds are subject to market dangers. Always make informed investment decisions that align with your financial goals and time horizon; it is advisable to thoroughly assess your risk tolerance and investment objectives and seek advice from a financial advisor.
Also read : Lump Sum Investment Vs SIP
Best Time to Invest in Mutual Funds?
A challenging and fast rule or criteria does not determine the right time to invest in mutual funds. Even while a bear market could seem like the best moment to invest in mutual funds, the ability of the fund manager to spot one is essential. Divide the investment money into equal portions and then invest the same in the fund of your choosing at regular intervals is the ideal course of action for investors when investing in equity funds. As a result, there will be no need to time the market or consider tops and bottoms.Also read: How Do Fund Managers Manage Your Mutual Fund Investment?
Is Timing Important in Mutual Funds?
When investing in mutual funds, time is significant. It is especially true for equities funds or funds with a high stock exposure. Such funds' returns directly correlate with equities market performance, necessitating the best entry and exit points to maximize profits. As a result, these funds' Net Asset Values (NAVs) can be higher if the markets reach new highs.However, it is nearly impossible for novice investors and even seasoned fund managers to predict the market's lows and highs correctly.
Also read : Asset Manager or Fund Manager Which One Should You Pick?
Returns from Mutual Funds
When choosing any mutual fund plan, you analyze the options while considering several factors. Possibly the most common question fund managers are asked is, "How much return will I get from mutual funds?" While it's essential to estimate fund returns, whether you have a high or low-profit potential depends on your level of risk tolerance as an investor.Also read: How Much Returns Can I Get in Mutual Funds?
Debt funds:
With this low-risk mutual fund, you can expect gains between 7% and 10%. Senior citizens and novice investors alike might benefit from debt funds.Large cap funds:
Returns on large-cap funds range from 12% to 13%. You can hold your investment in the mutual fund scheme for four years or longer with a modest level of risk.Small cap funds:
Small-cap mutual funds are an option for high-risk investors. 15% to 20% is the range of returns small-cap corporations offer. This product is perfect if you want a long investing horizon.Multi cap funds:
This kind of investment mainly invests in multi-cap firms and carries a moderately high level of risk. You will receive returns at a 15% to 20% rate. You might choose multi-cap funds if you intend to invest for five years or longer.Balanced funds:
It contains a portion of stock capital as well as a portion of debt. For investments lasting two to four years, balanced funds are appropriate. These funds invest Most of the money in equities, allowing you to profit from capital growth. You can mitigate the risk by putting some cash in debt funds.Also read : What is The Difference Between a Balanced Fund and a Balanced Advantage Fund?
How significant is it to comprehend one's risk profile before investing?
The risk of an investment is typically inversely correlated with its possible return. Whether you invest in stocks, mutual funds, or debt, the level of risk and potential return are directly related. Additionally, each person has a varied level of risk tolerance.Investors must refrain from copying someone else's successful investing technique and hope to get the same outcomes. Considering your risk profile carefully before choosing the right type of mutual fund to reach your goal is crucial.
Also read: How to Choose the Right Mutual Fund to Reach Your Goal
Managing risks with a well-balanced portfolio
A significant return on investment with minimal risk would be excellent. However, as was previously mentioned, that does not take place. Generally, the fund's return potential decreases as risk increases. Instead of investing in just one fund or asset class, it is crucial to create a portfolio that is in line with your level of risk tolerance. By diversifying your holdings, you can better manage your risks.For instance, you can diversify your investment over many asset classes by using a multi-cap fund that invests in large-, mid-, and small-cap stocks. Additionally, choosing a hybrid fund (a mix of equity and debt) or investing in equity and debt funds will help you balance your portfolio. The best method to minimize the risks involved is to have a well-balanced portfolio that aligns with your financial goals.
Understanding your level of risk tolerance is crucial and relies on several variables.
• Age
When opposed to when you are close to retirement, you may have a more significant risk tolerance while you are younger.
• Financial Goal and Timeframe
Your financial goal and timelines are directly related to your risk tolerance level increasing with time to complete a task.
• Investment Expertise
As you gain more investment experience, your level of risk tolerance may rise. Beginners typically have limited tolerance for risk.
Even while it's crucial to comprehend one's risk profile before investing, be aware that it can vary with time. Your level of risk tolerance may rise in response to changes in your income or investment options, for instance.
Also read: How Important Is It to Understand One’s Risk Profile Before Investing?
Tips to Keep in Mind
Keep these tips in mind when you decide to start investing in mutual funds:- Start early. When you delay your decision to invest you reduce the power of compounding.
- Use SIPs to mitigate investment risks by spreading it over a period.
- Be prudent about your decision to invest but only after considering your goals and risk appetite. Mutual funds never guarantee returns.
- Stay committed to your investment decision.
Also read: Accelerate Your Financial Growth With The Power of Compounding
FAQS – FREQUENTLY ASKED QUESTIONS
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What do you need to start investing in mutual funds ?
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How do I start understanding mutual funds ?
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When should I start a mutual fund ?
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Can beginners invest in mutual funds ?
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Why mutual funds are best for beginners ?
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The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.
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You agree that you will not:
- Use any robot, spider, scraper, deep link or other similar automated data gathering or extraction tools, programme, algorithm or methodology to access, acquire, copy or monitor the Website, or any portion of the Website.
- Use or attempt to use any engine, software, tool, agent, or other device or mechanism (including without limitation, browsers, spiders, robots, avatars or intelligent agents) to navigate or search the Website, other than the search engines generally available by third party web browsers
- Post or transmit any file which contains viruses, worms, Trojan horses or any other contaminating or destructive features, or that otherwise interferes with the proper working of the Website or the facilities.
- Attempt to decipher, decompile, disassemble, or reverse engineer any of the software, comprising or in any way making up a part of the Website or the facilities.
- You agree not to use the facilities for illegal purposes or for the transmission of material that is unlawful, harassing, libelous (untrue and damaging to others), invasive of another's privacy, abusive, threatening, or obscene, or that infringes the rights of others.
Restrictions on Commercial Use or Resale
Your right to use the facilities is personal to you; therefore, you agree not to resell or make any commercial use of the facilities. In addition, the Website welcomes your feedback as a user of the facilities. Any feedback you provide will become the confidential and proprietary information of the Website, and you agree that the Website may use in any manner and without limitation, all comments, suggestions, complaints, and other feedback you provide relating to the Website. The Website shall have a worldwide, royalty-free, non-exclusive, perpetual, and irrevocable right to use feedback for any purpose, including but not limited to incorporation of such feedback into the Website or other Website software or facilities.
No Endorsements
All product and facilities marks contained on or associated with the facilities that are not the Website marks are the trademarks of their respective owners. The Website would require you to respect the same. References to any such names, marks, products or facilities of third parties or hypertext links to third party sites or information does not imply the Website’s endorsement, sponsorship or recommendation of the third party, information, product or facilities.
Promotional Offers
You may receive from time to time, announcement about offers with intent to promote this Website and/or facilities/products of ABC Companies (“Promotional Offers”). The Promotional Offer(s) would always be governed by these Terms of Use plus certain additional terms and conditions, if any prescribed. The said additional terms and conditions, if prescribed, would be specific to the corresponding Promotional Offer only and shall prevail over these Terms of Use, to the extent they may be in conflict with these Terms of Use. The Website reserves the right to withdraw, discontinue, modify, extend and suspend the Promotional Offer(s) and the terms governing it, at its sole discretion.
Charges for use of Website
There are no charges or fees to be paid by you for use of this Website. However, you are responsible for all telephone access fees and/or internet service fees that may be assessed by your telephone and/or internet service provider. You further agree to pay additional charges, if any levied by Third Party Service Provider(s), for the facilities provided by them through the Website (Additional Charges).
No Endorsement
You are advised to be cautious when browsing on the internet and to use good judgment and discretion when obtaining information or transmitting information. From this Website, users may visit or be directed to third party web sites. The Website makes no effort to review the content of these web sites, nor is the Website or its licensors responsible for the validity, legality, copyright compliance, or decency of the content contained in these sites.
In addition, the Website does not endorse or control the content of any other user and is not responsible or liable for any content, even though it could be unlawful, harassing, libelous, privacy invading, abusive, threatening, harmful, vulgar, obscene or otherwise objectionable, or that it infringes or may infringe upon the intellectual property or other rights of another. You acknowledge that the Website does not pre-screen content, but that the Website will have the right (but not the obligation) in their sole discretion to refuse, edit, move or remove any content that is available via the facilities.
Electronic Communications
These Terms of Use and any notices or other communications regarding the Facilities may be provided to you electronically, and you agree to receive communications from the Website in electronic form. Electronic communications may be posted on the Website and/or delivered to your registered email address, mobile phones etc either by Facilities Provider or ABC Companies with whom the services are availed. All communications in electronic format will be considered to be in "writing". Your consent to receive communications electronically is valid until you revoke your consent by notifying of your decision to do so. If you revoke your consent to receive communications electronically, the Facilities Provider shall have the right to terminate the facilities.
Assignment
You shall not assign your rights and obligations under this Agreement to any other party. The Website may assign or delegate its rights and/or obligations under this Agreement to any other party in future, directly or indirectly, or to an affiliated or group company.
Legal Disclaimers
The information provided on or through the Website is for general guidance and information purposes only and they do not in any manner indicate any assurance or opinion of any manner whatsoever. Any information may be prone to shortcomings, defects or inaccuracies due to technical reasons. Certain information on Website may be on the basis of our own appraisal of the applicable facts, law and regulations in force at the date hereof.
The information (and opinions, if any) contained on the Website may have been obtained from public sources believed to be reliable and numerous factors may affect the information provided, which may or may not have been taken into account. The information provided may therefore vary (significantly) from information obtained from other sources or other market participants. Any reference to past performance in the information should not be taken as an indication of future performance. The information is dependent on various assumptions, individual preferences and other factors and thus, results or analyses cannot be construed to be entirely accurate and may not be suitable for all categories of users. Hence, they should not be solely relied on when making investment decisions. Your investment or financial decision shall always be at your own discretion and based on your independent research; and nothing contained on the Website or in any information would construe ABCL/ABC Companies or any of its employees/authorized representative as having been in any way involved in your decision making process. Any information and commentaries provided on the Website are not meant to be an endorsement or offering of any stock or investment advice.
Nothing contained herein is to be construed as a recommendation to use any product, process, equipment or formulation, in conflict with any patent, or otherwise and Facilities Provider / ABCL/ABC Companies makes no representation or warranty, express or implied that, the use thereof will not infringe any patent, or otherwise. Information on this Website sourced from experts or third party service providers, which may also include reference to any ABCL Affiliate. However, any such information shall not be construed to represent that they belong or represent or are endorsed by the views of the Facilities Provider or ABC Companies. Any information provided or sourced from ABCL Affiliate belongs to them. ABCL is an independent entity and such information from any ABCL Affiliate are not in any manner intended or to be construed as being endorsed by ABCL or Facilities Provider. The information does not constitute investment or financial advice or advice to buy or sell, or to endorse or solicitation to buy or sell any securities or other financial instrument for any reason whatsoever. Nothing on the Website or information is intended to constitute legal, tax or investment advice, or an opinion regarding the appropriateness of any investment or a solicitation of any type. Investment in the securities market and any financial instruments are inherently risky and you shall always assume complete and full responsibility for the outcomes of all the financial or investment decisions that you make, including but not limited to loss of capital. You are therefore advised to obtain your own applicable legal, accounting, tax or other professional advice or facilities before taking or considering an investment or financial decision.
No Solicitation
No Information at this Website shall constitute an invitation to invest in ABCL or any ABC Companies. These are meant for general information only or to meet statutory requirements or disclosures. ABCL or any of its employees are in no way liable for the use of the information by you, when making any decision or investing or trading through any investment vehicles or ABC Companies, or any other third party which may be engaged in offering of these services.
The information contained on this Website does not represent and should not be used to construe (i) the terms on which a new transaction would be entered into by ABCL or ABC Companies, (ii) the terms on which any existing transactions could be unwound by ABCL or ABC Companies, (iii) the calculation or estimate of an amount that would be payable following an early termination of any past/existing transactions or (iv) the valuations given to any transactions by ABCL or ABC Companies in their books of account for financial reporting, credit or risk management purposes.
Statutory Disclosure
ABCL and ABC Companies are engaged in a broad spectrum of activities in the financial services sectors. You understand and acknowledge that Aditya Birla Money Limited (‘ABML’), Aditya Birla Finance Limited (‘ABFL’) and Aditya Birla Sun Life Asset Management Company Limited and trustees and sponsor of Aditya Birla Sun Life Mutual Fund (‘ABSLMF’) are group companies and ABML / ABFL also acts as a distributor of ABSLMF. Any recommendation or reference of schemes of ABSLMF if any made or referred on the Website, the same is based on the standard evaluation and selection process, which would apply uniformly for all mutual fund schemes. You are free to choose the execution facilities in the manner deemed fit and proper and no commission will be paid by ABSLMF to ABML / ABFL if you choose to execute a transaction with ABSLMF on the Website, unless otherwise agreed by you and ABML/ABFL separately. Information about ABML/ABFL, its businesses and the details of commission structure receivable from asset management companies to ABML/ABFL, are also available on their respective Website.
Similarly Aditya Birla Money Insurance Advisory Services Limited and Aditya Birla Insurance Brokers Limited are insurance intermediaries and engaged in the distribution of Insurance Products and it may services may include products of Aditya Birla Sun Life Insurance Company Limited and Aditya Birla Health Insurance Company Limited. However there is no conflict on these services and commissions if any payable are in accordance of the extant regulations.
Force Majeure
The Facilities Provider, ABC Companies and any of its Third Party Service Providers shall not be liable for any delay or failure in performance resulting directly or indirectly from acts of nature, forces, or causes beyond their reasonable control, including, without limitation, Internet failures, computer equipment failures, telecommunication equipment failures, other equipment failures, electrical power failures, strikes, virus, other malicious computer code, hacking, labour disputes, riots, insurrections, civil disturbances, shortages of labour or materials, fires, flood, storms, explosions, acts of God, war, earthquake, governmental actions, orders of domestic or foreign courts or tribunals, non-performance of third parties, or loss of or fluctuations in heat, light, or air conditioning.
Indemnification
You agree to protect and fully compensate Facilities Provider, ABCL, ABC Companies, subsidiaries, licensors, suppliers and facilities providers, employees, officers and directors, from any and all third party claims, liability, damages, expenses and costs (including but not limited to reasonable attorneys fees) caused by or arising from your use of the facilities, your violation of the Terms of Use or your infringement, or infringement by any other user of your account, of any intellectual property or other right of anyone.
No Waiver
The Facilities Provider, ABC Companies or any of its third party service providers and processor bank/merchants etc. shall not be deemed to have waived any of its/their rights or remedies hereunder, unless such waiver is in writing. No delay or omission on the part of Facilities Providers and ABC Companies, in exercising any rights or remedies shall operate as a waiver of such rights or remedies or any other rights or remedies. A waiver on any one occasion shall not be construed as a bar or waiver of any rights or remedies on future occasions.
Exclusive Agreement
You agree that these Terms of Use are the complete and exclusive statement of agreement supersede any proposal or prior agreement, oral or written, and any other communications between you and the Facilities Provider and its Third Party Service Providers or processor bank/merchants relating to the subject matter of these Terms of Use. These Terms of Use, as the same may be amended from time to time, will prevail over any subsequent oral communications between you and the Website and/or the processor bank.
Termination
Either party can terminate this Agreement by notifying the other party in writing. Upon such termination You will not be able to use the facilities of this Website.
Governing Law and Jurisdiction
The Website specifically prohibits you from usage of any of its facilities in any countries or jurisdictions that do not corroborate to all stipulations of these Terms of Use. The Website is specifically for users in the territory of India. In case of any dispute, either judicial or quasi-judicial, the same will be subject to the laws of India, with the courts in Mumbai having exclusive jurisdiction.
These Terms and Conditions are governed by and to be interpreted in accordance with laws of India, without regard to the choice or conflicts of law provisions of any jurisdiction. You agree, in the event of any dispute arising in relation to these Terms and Conditions or any dispute arising in relation to the Website whether in contract or tort or otherwise, to submit to the jurisdiction of the courts located at Mumbai, India for the resolution of all such disputes.
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