• One of the pre-requites to investing in mutual funds is having a bank account and furnishing the KYC (Know Your Customer), which is a mandatory requirement to record the identity of an investor. You can do this through CAMS, KARVY, fund house, or a financial broker.
• You should always choose mutual funds that align with your financial goals. Identifying goals is one of the significant steps to start investing in the mutual fund for beginners. The next is the assess your risk-taking ability.
• Suppose you have a short-term goal. Debt financial instruments would be an ideal choice. For long-term investment objectives, you can opt for equity mutual fund schemes.
• By investing in a single fund, you get access to a diverse portfolio of around 50 stocks. Diversification helps to reduce the risk factor.
• Make sure to review your investments once in a while to know the performance of the mutual funds.
• Beginners can directly buy mutual funds from a fund house or through an intermediary.

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Aditya Birla Sun Life Mutual Fund

Welcome Beginner!

Welcome Beginner! An investment in knowledge pays the best interest. Follow the content as per your financial goals. Let’s get to know beginners guide to mutual funds!

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