Wallet Investment

Let's explore each type of equity mutual fund in more depth, considering the types of goals they align with, the risks they carry, and some notable factors to evaluate. Different Types of Equity Mutual Funds Large-Cap Equity Funds Description : Large-cap funds invest primarily in the top 100 companies by market capitalization, which are well-established, stable companies. They are generally more resilient to market fluctuations and have a history of steady returns. Ideal For : Conservative investors with a low-risk tolerance or those seeking capital appreciation over the long term with relative stability. Holding Period : 5+ years is ideal to average out market cycles. Mid-Cap Equity Funds Description : Mid-cap funds invest in companies ranked 101 to 250 in market capitalization. These companies are still growing and typically offer higher returns than large-cap stocks but with increased volatility. Ideal For : Investors with a moderate risk tolerance who want higher returns and ca...

Is Equity Mutual Fund Suitable for You❓ Equity mutual funds are suitable if you: Have a long-term investment horizon (5+ years). Are willing to accept market-related risks for higher potential returns. Seek diversification and professional management for stock investments. If you are suitable for the above 3 main points then only you need to read this article for your knowledge of investment. An Equity Mutual Fund is a type of mutual fund that primarily invests in stocks or equity shares of companies. The main goal of these funds is to generate capital appreciation over time by taking advantage of the growth potential in the equity market. Depending on the fund's strategy, equity mutual funds may focus on specific types of stocks, such as large-cap, mid-cap, or small-cap stocks, or may follow specific investment themes, like technology or healthcare, Pharma, Banking, etc. Key Features of Equity Mutual Funds Primary Investment in Stocks : Equity funds invest most of their capital i...

Mutual Fund Terminology Mutual Fund Terminology Whenever we are investing our money in any way. we must know the terminology of that investment method, where are we investing our money, how it is going to be invested, and whether the investment of our money will be safe?  etc. All this we need to know and this is all we are going to see today.   Key Information Memorandum (KIM)  Key Information Memorandum ( KIM ) Is a summary of the SID and SAI of the scheme offer document. It contains the Key Information about the scheme which is necessary for an investor to know. It is attached along with the application form for the scheme.  Scheme Information Documents (SID)  This document provides all the details about the scheme. It is part of the other documents of a mutual fund scheme. The SID of every mutual fund scheme is available for download from the website of the respective mutual fund company .  Statement of Additional Information (SAI) SAI Contains all st...

What has changed from 1st April 2024 in mutual fund KYC? What has changed from 1st April 2024 in mutual fund KYC? SEBI vide circular SEBI/HO/MIRSD/FATF/P/CIR/2023/0144 dated 11th August 2023, as a risk management framework advised that KYC Registration Agencies (KRAs) shall verify the following attributes of KYC: PAN (including PAN Aadhar linkage, as referred to in rule 114 AAA of the Income Tax Rules, 1962 Name Address Client Mobile Number and Email ID The records of clients whose all of the above attributes are verified by KRAs with official databases (such as Income Tax Database on PAN, Aadhar XML/Digilocker/M-Aadhar) shall be considered validated records.   What is KYC? KYC stands for Know Your Customer and is a process that the Mutual Fund Industry or any financial institutions use to verify the identity of their customers and clients as part of the Account Opening Process. KYC Compliance is mandatory under the Prevention of Money Laundering Act 2002. It involves several steps...