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New investors can invest with an amount of Rs 5000 and any amount thereafter while for existing investors, Rs 1,000 and any amount thereafter is allowed. For Systematic Investment Plan (SIP), the minimum amount is Rs 1,000 and in multiples of Re 1 thereafter.
Want to invest in tax-saving ELSS? These 5 ELSS mutual funds have returned up to 30% return in 3 years.
An equity fund is a mutual fund scheme that invests predominantly in equity stocks
There are broadly two types of mutual fund schemes, actively and passively managed
Mutual fund investments come with several risks, but investing in a diversified portfolio minimises individual stock and bond risks