Mutual fund is subjected to market risk.
Hi ,
I am here to talk about mutual fund. It is related to share market. Now a days people are using their money to save in postoffice and bank accounts. If you save in those formats they growth of your money is like 7-8% anually.
But if you are a investor , what would you do ?
Buying stocks , bonds or commodities.
For doing these you don’t need any skills. You can buy any mentioned above by buying mutual funds. Mutual funds are running by well knowledged fund manager and group of technical analysts. They are well experienced and giving good returns too. What they do is collecting fund from the peoples and invest in shares.
What you have to do is buying the mutual fund. And invest in SIP ( systematic investement plan ) .
You can start with monthly Rs.500 and generate growth. By doing this your money is working for you.
If you are using android mobile download fisdom mutual fund application and yiu can check it on your own.
I did some calculation about my goal using this application and I am going to share about it.
Download the application -> invest -> save for a goal -> other
Thats it.
My calcualtion is
Now 2017 is going . So in 2037 is my retirement. I need 1 cr in my account for healthy lifestyle. So I put 2037 in the year and 1cr in the amount I needed. After projecting SIP is RS.7500. for 20 years monthly.
So you can think what the heck for 20 years , I can’t do it ? . But you can withdraw your money on any time but some mutual funds have lock in period. So know about before buying. There is no tax if you keep the mutual fund more than one year. Sounds I interesting , right ?
So for 20 years , how many months ? 240 months
And 240 * 7500 = 18lakh
But what we get 1cr in my account .
So after that I can live with just interest.
You can invest rs500 per month , park your money for growth and many more options.
I set many goals like parents retirement , chils education , my marriage and buying a ducati.
You can try on your own. I uploaded the picture of the application for you.
Keep investing.
Grow your money .
Set a goal.
Make your money work for you.