Best Mutual Funds for Beginners, Best Mutual Funds for fresher and Young Executives
First time investors can choose to invest both for safety and growth. While debt funds are suggested for short term needs, a part of savings should be allocated to growth funds to meet long term family goals. Investguru suggests you the best mutual funds for beginners and manages your portfolio to provide you the best investment experience.
20-40 41-50 50 and above
Model Solution for Beginner Planning
Preferred Plans for age years for risk profile
TIP : The minimum invesment requirement to the fund is 1000/- per month only
Debt-ULTRA SHORT TERM (25%)
Equity-MID CAP (25%)
Do you want to know Future Fund Value of your Investment?
Mutual fund is a financial instrument which pools the money of different people and invests them in different financial securities like stocks, bonds etc.
The minimum initial investment for a mutual fund through SIP is Rs. 500/- and as lumpsum Rs. 1000/-.
How easy is it to liquidate my investments?
It is very easy to liquidate mutual fund invetsment. Depending upon the type of mutual fund, investment can be liquidated in 2-4 working days.
Is mutual fund a safe investment?
Various types of mutual funds are available to cater different needs of an investor. Broadly they are categorised as equity, hybrid and debt funds.
How do I choose the right mutual fund for me?
Choice of fund depends upon the investment goal and risk taking capacity of the investor. It may vary for each investor.
Returns in mutual funds depends upon the type of fund in which money is invested. In safer fund returns are 1-2% over prevailing FD returns which as an indicator have been 7-9% historically. In growth funds, we can expect returns around 5% over and above prevailing inflation rate. As an indicator, returns in growth funds have been 12-15% historically.
What documents are needed to start mutual fund investment?
Aadhar and PAN card are mandatory. Investor should have bank account.
Mode of investment depends upon availability of funds. If the income is available monthly, then investment should also be done monthly through SIP
For the first time investment, cheque is required with application form which also comprises of ECS mandate. Once the ECS mandate is registered with the bank, SIP amount will get monthly deducted automatically on the chosen date of the month.
Can I Increase my SIP amount?
You can increase the SIP amount by starting a new SIP in an existing fund or in a new fund.
Can I decrease my SIP amount?
You cannot decrease the existing SIP but can discontinue the same and start the new one with lesser amount.
What happens if I miss an SIP?
Nothing, when the time for next SIP comes, your SIP will continue as normal. However, mutual fund company may discontinue SIP on continuous dishonour.
What are the charges I have to pay for stopping my SIP?
There are no charges or penalty for stopping SIP.
Can I withdraw my funds in case of emergency?
You can withdraw your funds fully or partially anytime subject to exit load or taxes, if applicable.
Withdrawing money from mutual fund is called redemption.
You can redeem your investments either online through your login id and password or by submitting physical forms. You may also let us know your requirement and we will help you to complete the documentation required for redemptions.