Investing in Mutual Funds (MFs) is fast gaining momentum in India, thanks to widespread advertising by banks, Non-Banking Financial Companies (NBFCs) and Asset Management Companies (AMCs) among others. Further, you can begin investing in MFs with as low as Rs.500 and withdraw the cash and its returns, whenever required. Before investing in MFs, here are some basics you should know. Understanding Mutual Funds Mutual Funds, as the name suggests, is an investment you make jointly with others through a bank or NBFC. The money collected by the financial institution from all investors is used to buy various financial assets such as stocks of companies, debts, government bonds and provide money to infrastructural projects. The word ‘Mutual’ is used because it involves you and other investo...
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