Mathews Jacob is a Licensed Mutual Fund Distributor (ARN-294736) certified by NISM (National Institute of Securities Market) and authorized by AMFI (Association of Mutual Funds in India) to empower clients with expert advice and personalized investment solutions.
He is associated with AssetPlus (www.assetplus.in), a major National Mutual Fund Distribution Company in India.
Saving Is Not Investing
Even at this age where there are many ways to grow the savings some of us follow conventional methods to safeguard the saved amount. Some of us keep it safe lockers at home or at the bank. A few of us keep it in Fixed Deposit or Recurring Deposit in scheduled banks. There are a few who depend on unreliable private banks and banks of the co-operative sector expecting a higher rate of return. In any case, parking of money as described above are not coming under the purview of Investment. The test to determine if such deposits are investments involve a vital question: whether the return, principal amount plus interest, would be sufficient to meet the goal after the period of deposit? If the answer is Yes, well, it’s investment.
Stock Market
There comes the ultimate answer. That is to invest in the stock market so that one can become a partner in ownership of even companies like Reliance, TATA, Adani, Vipro, Infosys etc.. However, there are a few stumbling blocks now the investor has to face. The shares of such companies are at a higher price now. The person is not experienced in the share market to determine which share he should buy and when to buy and when to sell. Again, such monitoring calls for constant vigil and dedication an employed person may not be able to contribute.
Why Mutual Fund?
In today’s world of financial uncertainty, investing in mutual funds has become increasingly popular as a means of achieving financial goals and securing a more stable financial future. Mutual funds offer individual investors a way to diversify their investment portfolio, access professional fund management, and benefit from economies of scale. Here, we explore the importance of investing in mutual funds and why it can be a smart decision for individuals looking to grow their wealth.
Save on Tax
Mutual Fund investments up to 1.5 Lac are exempted from Income Tax as per Section 80C.
Start Investing Today
Discover the potential of mutual funds with our expert guidance and secure your financial future.