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Mutual Funds are a form of investment wherein investors with similar financial objectives invest the money in equities, bonds, Government securities or money market instruments as per the scheme objective. It is a pool of money from various investors which is professionally managed, invested in diverse assets and is available for investments by all sorts of investors.
Mutual funds are pooled investments managed by professional fund managers who invest in a diversified portfolio of securities according to the investment mandate of the scheme. The financial objective of a mutual fund investor is either capital appreciation or income. In order to provide capital appreciation or income a mutual fund scheme has to generate returns.
Mutual fund schemes in India are broadly classified in the following 5 groups –
Equity mutual funds – Invests in equity shares and equity oriented securities.
Debt mutual funds – Invests in debt, Government securities and money market instruments.
Hybrid funds – Invests both in equities and debt and also in REITs and Golds, depending upon the category of the hybrid fund.
Solution oriented schemes – These consist of retirement plans and children plans.
Mutual fund is a financial instrument, which are constituted as a ‘trust’ in India. It accumulates the savings of a number of investors and may invest the money in different financial instruments like stocks, bonds, Government Securities, gold etc. or a combination of these.
SWP in mutual fund or systematic withdrawal plan is a facility offered by AMCs wherein investors, who have invested a lumpsum amount in any mutual fund scheme, can choose to withdraw a fixed amount at a given frequency. This turns out to be a smart option for investors to get regular income after retirement or otherwise.
When an investor has accumulated a substantial corpus during his working years, they can reap the benefits by way of systematic withdrawal plan. Depending on investors requirement, they can decide how much money they want to withdraw and at what frequency.
Bikes are the most economical and compact vehicles that offer better fuel efficiency and allow you to zip through traffic quickly. But they are regarded as the most dangerous ones owing to their size. Getting caught in a two-wheeler accident can pose a threat to your life. Precisely why, it is essential to invest in good Two Wheeler Insurance. Here is an instant guide to help you select the right one.
Types of policies
The decision of buying a house requires several resources and planning. You try to reduce your expenses, focus on saving money, and fulfil only essential requirements. Thankfully, there is no need to compromise too much. With an increase in home buyers these days, all banks and financial institutions are now offering a Home Loan to fund it.
The Interest Rates on Housing Loans rise and fall, causing people to consider lower rates. However, this is not the only aspect to consider when transferring your Home Loan. When you approach the lender to close your loan for a better lender, most lenders do agree. But they do so only after a transfer charge and a pre-closure fee gets paid.
Most lenders charge these fees. So, what to do if you are a creditor in this situation? Should you pay an expense to move your loan for lower Home Loan interest rates? Let us look at this!
Presume you are driving your car on an Indian State or National Highway. You usually drive at a decent pace, but you stop when you arrive at the toll plaza. It not only slows down your ride but also dampers your mood, mainly if there is a queue of vehicles. However, with the Indian Government's latest FASTag programme, you pay toll charges without waiting at any toll booth. You maintain the momentum and enjoy the journey.
There are several other advantages to being a member of FASTag. Let us understand the concept better with FAQs:
Your aspirations and future opportunities depend on the education you receive. The more you study, the better it is. You require funds to pay for fees and accommodation during your studies. Hence, plan your finances responsibly while saving for the future. Several banks and lending institutions offer financial aid to aspiring students.
