What are mutual fund investments?

In mutual funds, the money gathered from different investors are pooled together and are invested in a wide array of investments like equity, debt, bonds, government securities and ETFs. Funds managed by professional fund managers or portfolio managers. These are important for individuals, so they will better understand the details of any type of financial instruments that are available in the market before making any type of investment decisions. Mutual fund investments will allow investors for investing even small amounts of money. Therefore, investment in mutual funds are risk free, but they are well managed funds that can give the investors regular and high returns than what an investor can get from a bank through fixed deposits, savings accounts, etc. Mutual funds are not always risk free, but if they are managed well the funds can give investors regular or high returns than what once can get from a bank through fixed deposits or a savings account.

Mutual fund investments are invested directly in diversified securities that are spread across a wide section of industries and sectors. Diversification will generally reduce risk because all the stocks may not move in the same direction at the same time. An investor can check all the key details like the value of investment and current portfolio of a mutual fund when required. Investors can also invest in mutual fund online by visiting different websites. With the different advance in technology a customer will be able to invest in mutual funds through a mutual fund app which is available for investors, that make the process easy and simple for the customers. An investor will be able to choose the type of mutual fund they would want to invest in depending on the investment goals. Some investors will want capital protection and safe returns, but others may have a strong risk appetite and wish for getting high returns. Investors can also opt for growth funds, income funds, liquid funds and balanced funds depending on their financial goals.

Types of mutual fund investments:

Open ended:

Open ended mutual fund schemes are open for investment at any point of time. They offer liquidity to the investors since the units can be bought and sold freely.

Close ended:

Close ended mutual fund schemes are open only for a short period of time. Once the scheme is closed, fresh investments will not be made. In order to provide liquidity, these units are listed on stock exchanges and investors can trade in them.

Interval:

Interval schemes are the variation of close ended schemes that are reopened for redemption for a limited period of time during a scheme’s tenure. Investors are given the option for selling the units back to the fund during this period.

Everything you need to know about mutual fund apps

A mutual fund is an investment vehicle which is made by pooling the money from different investors for the purpose of investing in securities like stocks, bonds and other money market instruments and other assets. A mutual fund will be operated by professional money managers, who will allocate the investments of the fund and will attempt to produce capital gains and the income for the fund’s investors. The portfolio of a mutual fund is structured and maintained to match the investment objectives that are stated in the prospectus. Mutual funds will give small or individual investors the access to professionally managed portfolios of equities, bonds and other different securities. A mutual fund will invest in a wide amount of securities, and the performance is generally tracked as change in the total market cap of the fund which is derived by aggregating the performance of underlying investments.

One of the easiest ways to check up on the performance of mutual funds is through a mutual fund app. These apps are designed in a way to be user friendly and have a simple user interface so a customer will not have any problem in using these apps. One of the biggest advantages of using a mutual fund app is that the investors can perform the actions like buying and selling mutual funds on the go conveniently with an ease of transaction. Some of the apps will offer direct mutual fund plans for investing and saving on expense cost which are incurred by the investor. An investor should always rely on a financial goal planner for managing their finances and long-term financial goals.

Investing in direct mutual fund plans using mobile phone apps has become simple for investors. A mutual fund app will not require any type of physical documents to be sent. Once an investor has completed the initial sign-up process using their mobile number name and email address, the investors are free to explore the app and can will be set up their investments. An investor will need to complete their KYC verification processes. KYC verification process is completely paperless, and it requires the user to enter PAN number so an app can check whether they are already KYC verified or not. If are already verified no type of action is required and a user can easily proceed for setting up their bank account and start investing.

Mutual fund apps are beneficial for investing in direct plans which has become easier for investors. They not only offer convenience of investing on the go, but also the ability for tracking and managing the portfolio. An investor can easily start investing under 10 minutes if the account is already KYC verified.

6 kinds of calculators that make financial planning easy

For most people planning finances seem like a daunting task. A number of factors need to be kept in mind and too many variables to adjust for. However, not getting your finances sorted can leave you unprepared to meet major milestones in life like children’s higher education, marriage, buying that dream house etc. Proper financial planning helps us to save for the future while meeting present-day goals. If the prospect of financial planning has you in knots, worry not for the internet is here. With tools like an mutual fund investment app and a goal planning calculator, you can do all the planning within minutes. Here is a list of the best.

Future Goal Value Calculator

This may be any goal such as a world tour or children’s higher education. You need to save for these, keeping in mind the rate of inflation. Without proper financial planning, meeting such goals can be extremely difficult. Therefore, you need to start saving early with a clear idea of your existing and future finances. The best future goal calculators available are-

Child Education Expense Calculator- Ensure your child’s bright future with a clear idea of how much you need to save every month.

Marriage Expense Calculator- That dream wedding can come as a financial shock if you have not planned for it ahead of time.

Future Value Calculator- You may be saving for a big trip or any other goal that requires saving ahead of time. It is best to find how much your money will be worth some years down the line to avoid any unpleasant surprises.

Retirement Planning Calculator

With this goal planning calculator find out the amount you need to save to accomplish your retirement goals. It requires data like the number of years left until retirement, your current expenses, life expectancy, inflation, etc. This calculator simplifies a lengthy but essential calculation and saves you time besides giving you a realistic peek into the future.

Investment Value Calculator

Find out how much your investment will be worth on maturity with this calculator. Depending on the type of investments you have, there are different calculators.

Mutual Fund Calculator/ SIP Value Calculator- It helps you to strategically plan your mutual fund investments to meet your financial goal.

EPF Calculator-Get a clear idea of how much your Employee’s Provident Fund would yield on retirement.

Fixed Deposit Corpus-Calculate the money you will receive on maturity of your fixed deposit. You can also find out how much you need to invest to get the desired value on maturity.

NPS Calculator- Find out what you can expect to save for your retirement under the National Pension Scheme.

Life Insurance Cover Calculator

Deciding on an appropriate coverage for life insurance that covers you now and provides protection for the future is essential. You certainly do not want to be under covered during health emergencies. However, getting more coverage than you need makes you pay a large sum on premiums. To determine the appropriate coverage you must consider factors such as your age, assets, income, obligations, and dependants. With the Human Life Value Calculator, get an accurate idea in a matter of minutes.

Tax Calculator

If you need a financial calculator that aids you with your taxes, you can find it online free. Get an accurate estimation of taxes you need to pay by providing the necessary details of your finances.

Loan EMI Calculator

Without a clear knowledge of the Equated Monthly Interest you have to pay, you are vulnerable to defaults and financial strains. Before taking a loan, it is always wise to determine the tenure over which you will be able to pay your EMIs without straining your budget. With a few basic facts about your loan, let this EMI calculator decide the EMI tenure that best suits your finances.

With adequate and timely planning, you can make sure to live all your dreams without having to worry about money. These financial planning tools save you from financial traps and help you organises your finances to save for the future. The best part is they are accurate, quick and free!