How can I be familiar with mutual funds having no experience prior?

You can gain experience only by doing it. This applies to MFs and any other ‘thing’ in life!

Here s how you do it:

1. Start small with as little as Rs 500 systematic investment plan in a mutual fund.
2. If you are not willing to take much risk, start with a liquid fund. These assure return of principal and slightly better than bank returns.
3. But the best way to learn is to start with a small investment in a equity fund.
4. Observe how the NAV of the investment changes over time. Using the Jama app you can easily monitor this.
5. You will see that in the long run equity funds build wealth, far more than other options available.

To learn more, read the FAQs on Jama or the Blog on Jama. Shoot any questions to help@jamawealth.com