Picking the right mode for your mutual fund

Mutual funds have become one of the most sought-after investment options in the country. However, were you aware that you can hold your mutual funds in multiple ways? Typically, people follow their fund distributor's advice blindly but know little about their mutual fund holding type. Here, we will learn about the different methods of mutual fund holdings that can help you make smarter investment choices. Broadly, there are two modes of owning a mutual fund: Individual Jointly Joint Either or Survivor Anyone or Survivor Let's understand each of these categories in detail: Individual Joint Either or Survivor Anyone or Survivor Number of account holders Single account holder (minors are eligible too). Up to three account holders. Two account holders. Up to three account holders. Ideal for

This article was originally published on September 25, 2023.