Hi friends This is Khaled from Hyderabad.Today im going to review about mutual funds under various categories.
What is mutual fund.The word mutual mean collective, fund means money.so we can call it as collective money of few people wisely invested by the fund manager.
We need to have a plan for every uncertainty in the future.so I did start few sips in 2015 monthly systemic investment planning.
We need to divide our goals such as
Goal1 house after 10 years
Goal 2 child education after 15 years.
Goal 3 retirement after 25 years.
Over a long period of time mutual funds gives a return of 20% .
Do if we invest 2000 rs monthly for a period of 25 years we would be getting a amount of And that tax free.Dts possible only because the interest is compounded on the amount we invest and interest we receive.
So I can guarantee a safe and secure life for my family in the future by investing in mutual funds even if the invested amount looks too small dts defenetly worth investing for the future.
I would advice you usethe money controll app to select few good funds in each categories and check its background history of 5 to 10 years and then take a decision with mind instead of a word of mouth.
Thank you.
- Thank You! We appreciate your effort.