Beginner guide for Mutual Funds Investment — I

Hi, How are you? I know you are here because you want to start your investing journey. Yes, you are in right place because mutual funds are very safe method to start your investing journey. I want to tell you which mutual funds you opt as beginner and platforms in market from where you will start your journey.

So I start from here… according to your goals and how many years you want to invest I will give guidance about mutual funds. I am investing from long period and I learning alot about mutual funds.

Funds for Investment upto 1 Year

If you want to invest from 1 week to 1 year then Debt funds are best. if you have some money for your goal example you want to buy house after 1 year then you will put that money to debt funds. There are 5 categories in debt funds….

  1. Overnight Funds (upto 1 week)
  2. Liquid funds (1week to 1 month)
  3. ultra short duration funds (1 to 3 months)
  4. Low duration funds ( 3 to 6 months)
  5. Money market funds (6 months to 1 year)

Best platforms to start your journey in mutual funds are Zerodha, Paytm Money, Grow. Please follow me or clap article so I will take motivation and write further and guide people about personal finiance.

https://medium.com/@vishalgarg-75895

Thankyou…

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Vishal Garg

Vishal Garg

Module Lead @MindTree #Kotlin #Clean Code #SpringBoot #Microservices