Large Cap-Index Funds, Gold Funds & Liquid Funds are great places to start.
How to get started with mutual funds?
Large Cap-Index Funds invest in shares of some of the largest Indian companies. They have a simple strategy: Charge low fees & replicate the performance of major indices like Nifty 50.
How to get started with mutual funds?
Gold Funds help you invest in gold digitally, i.e. they buy & store gold in secure facilities on your behalf. So, you can benefit from the price increase of gold — minus any other hassle.
How to get started with mutual funds?
Liquid Funds: A great alternative to savings accounts. They invest in safe avenues & provide higher returns on your surplus cash. Plus, some funds allow instant redemptions!
How to get started with mutual funds?
Summary: Pick Index Funds & Gold if you want to grow your money over 3-5 years. Want to park extra cash? Try Liquid Funds.