+91-9837154977

info@taxxa.in

Mutual Fund
Mutual Fund

What is a Mutual Fund?

A mutual fund is a type of investment where money from multiple investors is pooled and professionally managed to invest in various securities such as stocks, bonds, and money market instruments.

The selection of funds is based on quantitative measures like risk-adjusted returns and qualitative analysis of fund performance. Our bank offers mutual fund products from top asset management companies through our certified marketing officers in all major branches across the country.

Rings

Debt Funds

Debt funds, also known as fixed income funds, invest in corporate bonds and government assets to provide fair returns with lower risk. They are perfect for investors who want a consistent income but don't want to take on significant risks.
Ear-Rings

Equity Funds

Equity funds are riskier than debt funds since their returns are influenced by changes in the market. Equity funds invest in stocks with the intention of capital appreciation. As the risk level declines over time, these funds are excellent for long-term objectives like retirement planning or home purchases.
Pendants

Hybrid Funds

A type of investment known as hybrid funds provides a mix of fixed income and equity securities. They are divided into many subcategories according on how much equity and debt they contain.

What are the documents required to invest in Mutual Funds?

PROOF OF IDENTITY

  • PAN Card & Voter ID Card & Aadhaar Card.
  • Driving License & Passport.
  • Any other valid identity card issued by the Central or State Government.

PROOF OF ADDRESS

  • Voter ID Card & Driving License.
  • Passport & Ration Card & Aadhaar Card.
  • Bank account statement or bank passbook.
  • Utility bills like electricity or gas bills.

NOTE POINT

While these are some of the standard documents, submitting all of these documents is a tedious process and can procrastinate your plan of investment. This is where Taxxalife offers you a paperless and fast solution.

How to invest in mutual funds

Investment in mutual funds has been easier recently. And you can do it from your home, which is even better. You can start your investment career by taking the following actions:

On Taxxalife.in, create a mutual fund account. Complete your KYC requirements (if you haven't already).

As necessary, enter the required information. Depending on your financial objectives, decide which funds you want to invest.

Choose the fund, then provide the necessary amount. If you invest in a SIP on a monthly basis, you can also set up a standing order with your bank.

Advantages of Investing into a Mutual Fund

Mutual funds are popular because they make investing in the increasingly complicated financial markets simple. The advantages of mutual funds in terms of liquidity, skilled management, and diversity have a big impact on how well they perform.

Flexibility

Mutual fund investments are quite flexible because to characteristics like systematic investment plans, systematic withdrawal plans, and dividend reinvestment.

Affordability

They are very cost-effective because they are sold in units. Due to the large corpus, even a small investor could benefit from its investment strategy.

Liquidity

Open-ended plans provide you the freedom to withdraw money or redeem it whenever you choose at the current Taxxalife.

Diversification

With mutual funds, risk is reduced because they invest in a variety of sectors & stocks.

Professional Management

Expert Mutual Fund Fund Managers evaluate each option based on their experience and study.

Low Costs

Scale advantages translate into cheaper costs for investors in terms of brokerage, custodial, and other expenses.