Why should you invest in mutual funds?

I will give you five reasons why mutual funds are the best option for investment.

1. Get access to best professional advice in selecting stocks and bonds. Most of us don’t have time or skill and this advice is available at a low cost. While MFs cost about 2.5% on average [er year, you can cut it down to about 1% if you for Direct Plans. Use an app like Maxiomwealth that aggregates only direct plans.
2. Can start with small amounts, as low as Rs 100.
3. Can easily choose the fund type based on your risk profile. If you wish to take higher risk, go for equity funds.
4. Can redeem at any time. There is no lock in compared to FDs or PPF.
5. Safe & Convenient – it can all be done online. All invested funds are routed directly to the fund house company and any redemptions come straight to your bank account.