Mutual Funds
5 Golden Rules of Mutual Fund Investing for First-Timers
Equity mutual funds invest primarily in the stock markets with an aim to generate higher returns
Debt funds are aimed at generating regular income for investors by investing in bonds, corporate debentures,etc.
Hybrid funds are mutual funds which invest in both equity and debt funds to acheive the mix of funds to achieve better balance, it is also known as balanced fund.
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Mutual funds are one of the most popular investment vehicles in India. They pool investments from several investors with common investment objectives and then invest that money in different asset classes, including equity stocks, bonds, commodities, or a combination of these.
Mutual funds are offered by Asset Management Companies (AMCs), and mutual fund investments are managed by professional fund managers. A fund manager prepares an investment strategy as per the risk appetite of investors and allocates the investment in different asset classes accordingly.
Mutual funds allow you to invest in various asset classes as per your investment objective and risk appetite. You can make your mutual funds investment in two ways - through a Systematic Investment Plan (SIP) or lump sums. Below are the steps you need to follow to invest in mutual funds on Moneyfy:
Step 1 - Create your account on the Moneyfy platform by completing your KYC.
Step 2 - Submit the required documents, including PAN Card, Aadhaar Card, bank details, etc.
Step 3 - Select the mutual fund scheme in which you want to invest your money.
Step 4 - Choose whether you want to invest via SIP or lump sum and make the investment online.
Tata Capital’s Moneyfy platform allows you to invest in mutual funds and stocks from the convenience of your home or office. You can create your investor account in a few minutes by visiting the Moneyfy app or website and uploading the required documents.
When you invest in mutual funds, you start earning returns in two ways - capital appreciation and dividends. If you’ve invested in “Growth” funds, your dividend earnings would be reinvested to ensure higher returns. When the value of stocks or bonds in which a mutual fund scheme has invested rises, the Net Asset Value (NAV) of that fund also increases. This way, the investors get their returns through capital appreciation. However, you should always remember that mutual fund returns are subjected to market risks.
Yes. Mutual fund returns are taxable, but the taxation rules depend on the type of mutual fund and the period for which mutual fund investments are held by the investor. In the case of equity funds, if the investments are held for less than one year, gains from them are classified as Short-Term Capital Gains (STCG). And if the investments are held for one year or more, gains from them are classified as Long-Term Capital Gains (LTCG). In the case of debt-oriented funds, gains from them are classified as STCG if they are held for 3 years or less.
Mutual funds pool money from multiple investors and park these funds in a variety of asset classes such as equity, debt, and money market instruments. The fund’s mandate and goals dictate the respective asset class. A professional fund manager with a good track record is responsible for managing the investors' money to offset risk and optimize returns. The return on the initial investment is distributed among the investors, after accounting for management and other charges.
In recent years, mutual funds have risen in popularity with several categories of investors. This is in part due to growing financial awareness and in part due to the ease of entry mutual funds offer even to novice investors.
To increase savings and investments, the Government of India held initiatives with the RBI to come up with the first mutual fund in 1963, named, “Unit Trust of India”. Since then, several public and private institutions have started mutual fund schemes. At Moneyfy, you receive expert support in picking the right schemes and investing funds in the right mutual funds for your financial goals.
1. Liquidity
Mutual funds offer liquidity which makes it easy for anyone looking to get cash quickly.
2. Diversification
Helps reduce risk by diversifying assets.
3. Managed by experts
A mutual fund manager thoroughly invests money based on their expertise.
Set a short-term or a long-term goal
Consider liquidity for any emergencies
Choose a fund based on the risk involved
Today mutual funds investments are completely available online, making it easy to invest. Follow these steps to get started:
Finally, choose whether you’d like a SIP or a lump sum
Begin your mutual fund investments with Tata Capital Moneyfy. Whether it is advice from a fund manager or choosing the right mutual fund, we help you reach your investment goals.
It takes around 12 days to delink SIP from your account. So if there is a gap of less than 12 days between SIP cancellation request date and next SIP payment date, auto debit will happen for that month. However, it shouldn't happen from the next month.
The day of SIP is the date of every month on which your SIP instalments will be paid. Every month on this date money gets auto-debited from your account if you have set the instructions for auto investment.
No, you need to stop the existing one and start a new SIP.
Yes, you have to close the existing SIP and purchase the same fund under lump sum category.
Yes, you can start multiple SIPs in the same mutual fund.
To start an SIP:
Step 1: Log on to app using MPIN
Step 2: Complete your KYC
Step 3: Select desired fund
Step 4: Click on the fund and Set up the SIP investment by choosing an amount and frequency - the amount is ‘how’ much will be invested and the frequency is ‘how often’ it will be invested (weekly, monthly, etc.)
Step 5: Sit back and watch your money grow!
To Stop an SIP:
Go to Hamburger Menu> Click on Manage Investment> Click on SIP> Select Stop/Pause SIP.
People generally choose Monthly SIP, Available SIPs are Quarterly, Half yearly and daily SIP. For convenience of the customer world over customer prefer Monthly SIP.
There are a few reasons why this could have happened:
We will generate a payment link and send it to your registered mobile number and email ID. You can make a payment through net banking using that link.
Usually the first instalment is paid immediately and subsequent payments are scheduled after a period of 30 days.
In this case your transaction will get reversed, but please note that some banks may levy charges if OTM transaction fails due to low balance.