Introduction:
Mutual funds have become a go-to investment option for folks looking to build their financial background. With a variety of options like equity funds, debt funds, and balanced funds, etc. it's like having a buffet of options. The great thing about mutual funds? Even if you're not an investment pro, the fund managers that take care of the fund allocation are. They do the heavy lifting, picking and choosing the right investments for you.Whether you're diving into investments for the first time or you're a seasoned player, mutual funds have a lot of welcoming space under their umbrella of expertise. They give you access to assets that you might otherwise struggle to unlock. So, get ready to explore the realm of mutual funds in India, tailored to your financial goals, and let the pros handle the nitty-gritty. Your wealth's growth journey is about to get a lot more exciting!
What are mutual funds?
Think of a mutual fund as a group savings club for investors. A bunch of investors chip in their money, and together, the money is invested in a mix of securities like stocks, bonds, and other money-making things. But here's the cool part – the money is managed by experts who know what they're doing. They do the buying and selling, so you don't have to stress about it. It's like having a money team that works for you!An Asset Management Company (AMC) is the company that invests the funds obtained from the investors in stocks, bonds, deposits, derivatives, commercial papers, money market instruments, gold, and other assets, etc. The main objective of the investments is capital appreciation.
After deducting the necessary expenses associated with the fund manager's services, the revenue earned from the pooled investment is dispersed proportionately among investors as dividends. Each investor receives a certain number of units. The Net Asset Value (NAV) of a mutual fund, determined daily after each trading session, is the price per unit of the mutual fund.
Types of mutual funds based on asset class
Now that you know the mutual funds' definition, let us look at the various kinds of mutual funds based on the asset class.Equity mutual funds
Your money is invested in stocks by Equity Funds. According to the current SEBI Mutual Fund Regulations in India, an equity mutual fund scheme must allocate at least 65% of its assets in equities or equities-related instruments. These funds are based on market capitalization.The Equity-Linked Savings Scheme (ELSS) is an equity mutual fund where at least 80% of the assets are invested in equities and equity-related securities. ELSS can be both open-ended and closed-ended. ELSS investments are tax-deductible up to ₹1.5 lakhs per year as per Section 80C of the Income Tax Act. The portion you make investments in ELSS gets deducted against your taxable income, lowering the income tax you must pay. ELSS investments are subject to a three-year lock-in term.
Debt funds
Debt mutual funds are gaining a lot of popularity lately, and it makes a lot of sense! This investment avenue offers a great deal - a chance to pocket steady returns without going on an equity rollercoaster. They're like the comfort place of investments, delivering a steady income, being tax-savvy, having a handy cash supply, and being as solid as a rock.These funds dive into securities like government bonds, corporate debts, and money market gear. You might even call them bond funds or fixed-income funds. If you're all about stable income but not so keen on risk, debt funds could be your solution. Investing in debt funds might just end up earning you more than a savings account, while more-or-less maintaining the safety.
Hybrid funds
Hybrid mutual funds are the jack-of-all-trades in the investment world. They are pretty much into everything - debt, stocks, and other stuff - all based on what the fund wants to achieve.These funds bring investors the best of both worlds. They mix the perks of equity and debt funds to give a well-rounded investment. By spreading their investments around, folks can lower the risk while keeping an eye on potentially fatter returns.
Hybrid funds have their own clique based on what they're into - aggressive, conservative, or somewhere in the middle - balanced. This way, you can pick the one that matches your risk appetite and what you're aiming for.
Money market funds
Money market mutual funds are like the low-risk superheroes of investing. They're designed to keep your money safe and cozy. These funds put your cash into short-term debt instruments with a maturity of less than one year like government bills and treasury bills. The goal? Keep your money safe and earn a little return while at it.Since the securities they invest in have top-notch credit scores, these funds are considered to be a proper safety net for your money. They're perfect if you're not looking for mega profits but want your money to stay steady.
Money market mutual funds are like the cozy slippers of investing – great for folks who want safety and don't want their money jumping up and down along with the volatility of the market.
Also read: Mutual Fund Vs Saving Account - Which is Better
Choosing the right type of mutual fund for you
When investing in mutual funds, choosing the right asset class is crucial. With so many options available, choosing the right mutual funds can be overwhelming. However, you can make a more informed decision by understanding the different asset classes and their risk-return profiles.Consider the following factors while choosing a mutual fund:
- It is important to assess your own investment goals and risk tolerance. Different asset classes in India have varying risk and return levels, so choosing funds that align with your objectives is essential.
- Don't forget to do some digging and look into the fund manager's track record and how the fund has performed over the years. It’s also a good idea to get a clear idea of the costs and fees tied to the fund because these can really sway your overall profits.
- Diversification is key when investing in mutual funds. It will definitely help you mitigate risk and maximize the returns your investments could generate.
So, it's a good move to take a close look at how each fund has been doing, the costs they come with, and how skilled the folks managing them are. And don't hesitate to chat with a financial advisor – they can help you wade through the sea of choices and pick out the mutual funds that match your investing game plan.
Also read: Should you invest only in best performing mutual funds
Costs of investing in mutual funds
Investing in mutual funds in India comes with certain costs that investors need to consider.Expense ratio
The expense ratio is the fee the mutual fund company charges for managing the fund. This is the annual fee the mutual fund company charges for managing the fund. The expense ratio is usually a percentage of the total Assets Under Management (AUM). It takes care of different expenses like administration, paying the managers, and getting the word out there. Before you dive into a mutual fund, make sure to check out its expense ratio. If it's high, it could nibble away at your profits down the line.Also read: How To Calculate The Expense Ratio Of a Mutual Fund?
Entry/exit load
Also keep an eye on the entry or exit load – it's like a toll booth for mutual funds. When you jump in or out of a fund, they might charge you with these charges. They're different for each fund and can put a dent in your profits. Usually, they're a chunk of your investment, taken right from your earnings. So, be smart and consider these loads when making your investment moves.STT
A Securities Transaction Tax (STT) is imposed when an investor intends to sell mutual fund units.Stamp duty
The government imposes a direct tax known as stamp duty. Whether units are kept physically or through a depository, stamp duty is still due on the issuing and transferring of mutual funds.On top of that, investors might have to deal with extra charges, like brokerage fees, when they're buying or selling mutual fund units. It's smart for investors to give these costs a good look before jumping into mutual funds. That way, they can make sure these costs match up with their investment plans and what they're hoping to get out of it.
Read more: Charges In Mutual Funds: Why They are Important?
Pros and cons of investing in mutual funds
Pros of investing in mutual funds:
- Mutual funds are like a superhero team for your money. They spread out the risk by diversifying and investing in various stocks, so if one thing tanks, it doesn't disturb your whole portfolio.
- And guess what? You don't have to worry about all the nitty-gritty details. The funds are managed by financial managers who do the heavy lifting. They do all the research and analysis, which often leads to better returns than if you went solo.
- Mutual funds are flexible too – whether you've got a little or a lot to invest, mutual funds are open to all. Plus, you can buy or sell your shares with ease.
- Investing in mutual funds in India is like planting a money tree that grows over time. It's a clever and easy way to build up your wealth for the future.
Cons of investing in mutual funds:
- One of the major drawbacks of investing in mutual funds is the risk involved. The value of mutual fund units might change depending on the behaviour of the underlying securities. This means that investors may experience losses if the market takes a major downturn.
- Additionally, mutual funds come with expenses such as management fees and administrative costs, which can affect the overall returns.
- Some mutual funds may have high entry and exit loads, which can reduce the investor's profitability.
In summary:
The investment scenario in India has seen a makeover, and mutual funds are like the newest stars of the show. They're the go-to strategy that works for everyone. No need to stress over picking the perfect company or instrument – mutual funds do the heavy lifting.Mutual funds are like having a financial wizard on your team. They help you diversify your investments smartly, whether you're a newbie or a pro. The sooner you start investing in mutual funds, the bigger your earnings can grow over time. Don't miss out – hop on the mutual fund train and make the most of India's awesome investment opportunities for a brighter financial future.
Also read: Can Investing in High Risk Mutual Fund Bring High Returns
FAQS – FREQUENTLY ASKED QUESTIONS
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Which asset classes can you invest in using a mutual fund ?
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Which mutual funds invest in more than one asset class ?
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How many types of asset classes are there in mutual funds ?
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Which type of mutual fund invests across a variety of asset classes and industries ?
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Which asset class is best to invest in ?
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How do you diversify across asset classes ?
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Is SIP safer than a mutual fund ?
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Can I withdraw from a mutual fund at any time ?
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Compliance with the Law
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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