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It’s time to revisit my favorite Howard Marks anecdote:
We can never quite know what the future holds in precise detail, but it certainly holds much promise.
In the present, we are in the midst of the General Elections. In my 30-year investing career, the level of suspense over the election outcome has never been lower.
Mutual funds come in the form of a wide range of investment options, such as equity funds, debt funds, hybrid funds, and solution-oriented funds. Each of these options is designed to suit the different needs of different investors. You may choose the mutual fund scheme that suits your risk appetite, financial goals and investment horizon.
It is advisable to maintain a contingency fund for any future emergencies. The quantum of such a contingency fund is relative to different individuals depending on their committed payments, lifestyle expenses, etc.
However, as a generic measure, one should maintain a contingency fund equivalent to cover expenses for the current lifestyle for at least six months to have a sufficient financial cushion. Most people park their emergency funds in savings accounts because of liquidity and nil market-linked risks, however, they may offer interest as low as less than 3%.
Exit load is a charge levied on mutual fund investments if the investor makes a redemption before the end of the specified holding period. It is not uniform across mutual fund schemes; it may differ per the chosen scheme's investment objective and time horizon.
Exit load is applied to protect investors' financial interests, discouraging them from redeeming their investments too early. It may bring an essence of discipline in investors to remain invested for the scheme's minimum applicable time period and reap reasonable returns.
As per Securities & Exchange Board of India (SEBI) guidelines, liquid funds are mutual funds that invest primarily in debt and money market securities with a maturity/residual maturity of up to 91 days. Accordingly, such funds may invest in money market securities like Certificates of Deposits (CDs), Treasury Bills (T-Bills), Commercial Papers, etc.
Mutual funds are increasingly becoming the preferred option for retail investors, as reflected by the consistent monthly SIP inflows. As per the latest data released by the Association of Mutual Funds in India (AMFI), mutual funds received Rs. 12,976 crores through Systematic Investment Plans (SIPs) in September 2022 alone and Rs. 74,234 crores total in FY 2022-23 so far. (Source: AMFI)
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries Test
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries
