The myths surrounding Mutual funds
You need a lot of money to invest in mutual funds. Investing is a form of saving which is meant to provide an individual to earn returns on the same and create wealth over a long horizon. Mutual funds is one such investment product. One myth that surrounds mutual funds is that individuals need a…
What are the different types of Mutual Funds
Equity Mutual Funds Equity mutual funds as the name suggests are those funds that procure a basket of equity stocks. Holding of particular stocks depends on the type of mutual fund. Within equity stocks there are subcategories like small-cap, mid-cap and large cap stocks, these funds are named according to which stocks the fund would…
Mutual Fund terminologies simplified
Asset Management Company An asset management company (AMC) is a firm that creates a pool of funds through funds received from diverse investors. The funds collected (pooled) are used to invest in various asset classes such as, equities (stocks), fixed income (bonds), and cash equivalent or money market instruments. AMCs are principally responsible for driving…