Mutual Fund investments are among the most popular investment avenues in India. According to industry data, the Average Assets Under Management (AAUM) of the Mutual Fund sector reached a landmark figure of Rs 28 lakh crore in January 2020. Within a decade, the data shows around a 3.5 fold increase in the AAUM.
If you are a beginner, looking to invest your hard-earned money in Mutual Funds, then you must understand the fundamentals of these funds. Read on to find how to invest in Mutual funds in 2020, as a beginner.
On the basis of investment in asset classes, there are primarily three types of Mutual Funds:
Some of the benefits of Mutual Fund investment are as follows:
Thus, Mutual Funds are among the best investment avenues in India. If you are an investor looking for high returns from stock markets, you can also consider investing in shares through a trusted and reliable broker. IIFL provides you with unbeatable propositions, like free online Demat Account and Trading Account. You can receive brokerage cash back up to Rs 10,000 along with free AMC on your online Demat Account for 1 year. Alongside a single Demat Account for investing in various options, you also receive daily and weekly customised market reports. With IIFLs Demat Account and Trading Account, you can trade in equities, currencies, commodities and Mutual Funds on a single platform.