What are the benefits of investing in Mutual Funds?
There are several reasons why investing in Mutual Funds can be a healthy investment option:
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Your investments are handled by expert Fund Managers with years of experience in the industry. For covering the fund management and administration costs, your fund house levies a nominal charge called Expense Ratio. The returns generated by Mutual Funds are estimated after adjusting this expenditure head.
With Mutual Funds, you can start your investment journey with as little as Rs 100. The upper limit of such investments depends on your financial capacity.
Mutual Funds with other benefits of investing are also vehicles for the development of financial hygiene. By using the SIP feature, you can develop a healthy savings habit. It allows you to invest a fixed sum periodically. Such intervals can be adjusted from daily to annually, as per your convenience.
In India, Mutual Fund investments are also a popular method for saving income tax. By investing in Equity Linked Savings Scheme (ELSS), you can avail of Income Tax deductions of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.
Mutual Fund investments offer you an excellent opportunity to spread your financial resources over extensive asset classes, ranging from Equities to Debt and Money Market Instruments. This feature enables you to strike a balance between your risk appetite and return expectations.
DISCLAIMER
ICICI Bank is an AMFI Registered Mutual Fund distributor. Mutual Fund investments are subject to market risk. Read all scheme related documents carefully.
SIP
Diversify your investment portfolio with Mutual Funds
Fixed Deposit
Opt for a FD account and let your savings grow
PPF
Start retirement planning with Public Provident Fund
iWish
iWish is a unique online Goal based savings
NPS
Plan for retirement & save tax with National Pension System
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