Your first mutual fund

Useful, simple to understand and easy to execute, these should be the qualities that your first mutual fund should have. For beginners, these requirements are generally best satisfied by tax-saving mutual funds (if needed) or aggressive hybrid funds. Here's why. When you start investing in mutual funds, it makes sense to start with one that invests mostly in equity. After all, equity is the best way to invest for the long term, and mutual funds are the simplest route for investing in equity. Also, you are likely to have no equity investments at all. Investors at an early stage of their investing journey generally have bank deposits, PPF and other fixed-income investments. Tax Saving Mutual Fund

This article was originally published on February 10, 2022, and last updated on August 07, 2024.