Breakdown: Mutual Fund and SIPs
A Mutual Fund is a financial product, while a SIP is a way to invest in Mutual Funds. When you choose the SIP method, you're still investing in a Mutual Fund scheme.
Let's explore how investing in Mutual Funds and SIPs can help you secure your financial future
What is a Mutual Fund?
In a Mutual Fund, multiple investors pool their money to invest in assets like stocks, bonds, and other securities. Experienced fund managers look after that money . However, this professional management and expertise come with associated costs. These fees are typically a small percentage of the total assets managed by the fund and are deducted from the fund's returns. As an investor, you own units representing a portion of the fund's total assets. The net asset
Read more