How to invest in Mutual funds? for begginers | earn profit.
So, Basically mutual funds refers to the funds raised by financial service companies. by pooling the savings of the public and investing them in diversified portfolio. I had already told about this basic mutual funds concept in the last article. Now there are 3 types of mutual funds. 1. Equity funds :- Equity funds are those funds that invested in equity share. in this investment chances are *High Risk *High Return 2. Dead funds :- Dead funds are those funds that are invested in the dead companies. in this investment, chances are *Low Risk *Low Rerurn 3. Balanced funds :- Balanced funds are those funds which are invested in various portfolios or divide them between 1) Equity funds & 2) Dead funds So they balancingly divided into various funds. So, lets go to about investing in mutual funds. 1.Bank Account: You must keep one bank account separately for investing and not your normal saving salary account. 2. KYC and Now CKYC: Be sure to be KYC complian