Most of you are aware of MFs these days and you also know about the different ways of buying them. However, it might be difficult to decide which mode should you choose. DSIJ explains what are the different modes of buying MFs and which MFs suit which type of investor.
A mutual fund, as we all know, is no more a buzzword. The great efforts taken by Association of Mutual Funds India (AMFI) , Securities and Exchange Board of India ( SEBI ), financial planners, financial advisers and other intermediaries who promoted mutual funds, has paid off. Although most of the people now understand what mutual funds are, they still face many difficulties and queries when it comes to investing in them. Which mutual fund is the best? Which mutual fund suits them and, more importantly, what are the different modes available to buy these mutual fund schemes? So, let us put an end to all your doubts on the ways through which you can invest in mutual funds and which types of mutual fund schemes suit various types of investors.
As there are various kinds of mutual funds to choose from, there are many different modes through which you can buy MF schemes. You can choose to invest online or even in the offline mode. You can even choose between the direct plan or the regular plan. Like every other thing, these options also come with their own unique advantages and disadvantages. Depending upon your convenience, level of understanding of mutual funds and your financial goals, you can choose the mode of investing in mutual fund schemes that suits you best.
We will start with the types of plans and then look at the modes through which you can invest in them. We will explain which plan and which mode of investing is suitable for whom.
Types of Plans
This story is from the February 18, 2019 edition of Dalal Street Investment Journal.
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This story is from the February 18, 2019 edition of Dalal Street Investment Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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