With cost of higher education shooting up, fixed income options are unlikely to help you save for your child’s future. You need to aim for equity returns.
Muthukumar KAn investment analyst and a seasoned writer with the ability to simplify complex finance topics, Muthukumar has worked with leading financial media: Financial Express, where he headed the Markets Bureau, The Economic Times, Outlook Money and Business World. Muthukumar is an MBA (Finance) and working on completing his PhD (Economics) this year.
It was about half a century ago, that Mutual Funds first set shop in India. Unit Trust of India(UTI), which came into existence from an Act of Parliament in 1963, launched its maiden scheme “Unit Scheme 1964” (fondly shortened to US-64 by investors). Private sector funds joined the industry after SEBI came into existence and scripted a set of regulations for Mutual Funds.