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  • Why Mutual Funds?

    Life is always been demanding. There’s so much to indulge in and deal with some financial need or the other – a house to live in, good education for the kids, a car and a dream retirement. The ends might differ, but the means- at least one of them- to reach them remain the same: money. Earned wisely, saved regularly and invested smartly.

    Many reasons are cited when best laid plans start to break down. I don’t have the discipline. I don’t understand investing, especially the stock market. I don’t have the time. I don’t really care. Well, you should after all, it’s your money and your life, and it helps to have your savings working for you. You don’t need to get neck deep into your personal finances, but the least you can do, and should do, is get a fix on the big picture. Explore and understand what you want from your investments, and leave the rest to the money managers: mutual funds. These investment vehicles don’t demand that you have a deep understanding of financial matters; they don’t even demand oodles of your time.

  • How Mutual Fund Works?

    Mutual funds are investment products which at its core a managed portfolio of stocks and/or bonds and operate on the principle of ‘strength in numbers’. They collect money from a large group of investors, pool it together, and invest it in various securities, in line with their objective. They are an alternative to investing directly in stocks – a more convenient alternative, yet no less rewarding.
    These are inherent risks, but these can be managed. Mutual funds offer several features that make them a powerful and convenient wealth creation vehicle worthy of your consideration.

  • Who regulates the Mutual Fund?

    Mutual Funds are tightly regulated by the stock market regulator SEBI, which regularly comes up with rules to protect investor interests. The regulations state that mutual funds share investment and operational details with public by way of releasing the NAV at the end of each day and also release the fund portfolio every month.
    NAV net asset value is the total asset value per unit of the fund and is calculated by AMC at the end of every business day.

  • What is the Minimum Amount required for investment?

    Mutual funds are suitable for small investors also. Most schemes keep their minimum investment at Rs 1,000- 5,000. For an affordable amount such as this, you get lots more through a mutual fund that what you would ever manage on your own. A mutual fund gives you ownership for as little as Rs 1,000.

  • How convenient is the process of investment and redemption?

    Once you are KYC complaint, you can easily buy any mutual fund. Likewise, you can easily withdraw your investment. Investments can be made by filling up a simple form or by going online platform of Ocean Finvest. Similarly, redemption proceeds can be credited directly into your bank account, which does not take more than 3 to 10 days.

  • How risk can be minimized?

    Diversified portfolio:
    Conventional wisdom says, spread your risk. This means diversifying across asset classes – investing part of your portfolio in equities, part in debt, and so on. This also means diversifying within asset classes.

  • Who manages the fund?

    Professional Management:

  • Is there Choice available according to requirement?

    There are mutual funds available for every kind of return and risk level and suitable for every kind of time horizon. You can invest in funds to earn returns even for a day. No matter what kind of investment you want, there’s likely to be a variety of funds that suit you.

  • What is the maturity period and premature withdrawals are allowed?

    Liquidity:
    When investing on your own, selling can sometimes be a painful proposition. Debt instruments like PPF (public provident fund) and tax free bonds don’t allow premature withdrawals. There are exit load around 1% if we do premature withdrawals i.e., 1 year before for equity fund and 3 years before debt fund. After that there are no penalties, delays or uncertainty with mutual funds, except extreme market conditions as mandated by SEBI. You can sell your investment whenever you want except in closed end schemes. No questions asked.

  • What is the taxation involved?

    Tax breaks: Mutual Funds offer several tax sweeteners. Recently Long term capital gain tax at the rate of 10% has been imposed on Mutual Funds. You have to pay tax on the profit you make above one lakh. To maximise profits, the fund manager could keep buying and selling stocks as and when needed, but you have to pay tax only when you redeem your investments from the fund.
    Then there are fund schemes in which investments qualify for tax savings under Section 80C* - Equity linked savings scheme (ELSS) and Retirement funds are two such options in which investments qualify for tax deductions.