BUSINESS IDEAS WITH WEBSITE
There are many ways to invest in mutual funds like
- SIP(SYSTEMATIC INVESTMENT PLAN)
Systematic Investment Plan (SIP) is an investment plan by Mutual Funds wherein one can invest a fixed amount in a Mutual Fund Scheme at regular interval like once a month, instead of making a lump-sum investment. The installment amount could be as little as 500inr a month .
When you set up an SIP with any mutual fund, your account is debited a fixed amount every month. This amount is invested in a mutual fund of your choice.
Over a period of time, your investments accumulate and they keep growing.
- LUMP-SUM INVESTMENT
A Lump-Sum investment is a investment where depositing the entire amount at once. Lump-sum investment is a another way of investing in mutual funds. If you invest the entire amount available with you in a mutual fund scheme, it is called the lump-sum mutual fund investment. This type of investment is for long term where investor invest for long time (like for 7 years).
TYPES OF MUTUAL FUNDS
There are many types of Mutual Funds some of them are as listed below.
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