I will give you five reasons why mutual funds are the best option for investment.
- 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 jamawealth.com that aggregates only direct plans.
- Can start with small amounts, as low as Rs 100.
- Can easily choose the fund type based on your risk profile. If you wish to take higher risk, go for equity funds.
- Can redeem at any time. There is no lock in compared to FDs or PPF.
- 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.
