What is a Mutual Fund?

Mutual fund is a professionally managed investment fund that pools investment from various investors and invests in capital assets to match the investor’s financial goals.

h
h

Continuous assessment

h Why invest with Scripbox?

Continuous Assessment of the fund based on our proprietary rating system

h

Periodic fund review

Periodic fund review that assesses the health of your overall portfolio

h

Track and manage

Track and manage your investments in this and other funds easily through an intuitive dashboard

h

Unmatched customer service

Scientific & unbiased algorithms suggest what’s best for your goals.

Why invest in Mutual Funds?

Benefits of mutual funds

A mutual fund is a collection of investments made by individual investors and used to purchase securities in the capital market. The best part about mutual funds is that a team of experts along with the fund manager picks all the investments to build a portfolio.

With wide availability of mutual funds schemes, it is easier for an investor to choose the most suited scheme for their financial goals.

Learn more about benefits Right arrow

Types of Mutual Funds

Equity Mutual Funds

Equity mutual funds invest at least 65% of their assets in listed companies across market capitalizations to earn higher returns than debt or hybrid mutual funds. These funds are suitable for investors having high to medium risk-appetite along with an investment horizon of more than 5 years.

Market Capitalization

Mutual Funds that invest based on the market capitalisation of companies.

h
Large Cap Funds

Invests in top 100 by market capitalisation.

h
Mid Cap Funds

Invests in rank 100-250 by market capitalisation.

h
Small Cap Funds

Invests in rank 250 and beyond, by market capitalisation.

h
Diversified Funds

These funds invest in stocks of companies across market capitalisations and have Large cap, mid cap and small cap equity exposure

Benefit

Mutual Funds based on specific benefits.

h
ELSS

Diversified equity funds for 80c tax deductions

Sectoral

Mutual Funds that invest in companies of specific sectors.

h
BFSI

Invests in banking and financial services sector.

h
Infra

These funds invest in the stocks of companies operating in mostly the infrastructure sector.

h
Pharma and Healthcare

Invests in pharma & healthcare sector.

h
Technology

Invests in IT and Technology sector.

h
Energy

Invests in energy and oil & gas sector.

Thematic

Mutual Funds that invest according to specific investment themes.

h
Consumption

Invests in companies with a consumption theme

h
MNC

Mutual Funds that invest in Multi-national companies.

h
ESG

Invests in companies with high ESG score.

h
Special Situations

This category has few funds and relatively small amounts invested in them.

h
Manufacturing

Invests in companies with a manufacturing theme.

h
Services

Invests in companies with a services theme.

h
Commodities

Invests in companies with a commodities theme.

h
Ethical

Invests in companies with high governance and ethical scores.

h
Quant

Invests based on quant based parameters.

h
PSU

Invests in PSU companies.

Debt Mutual Funds

Debt mutual funds invest at least 65% of their assets in listed companies across market capitalizations to earn higher returns than debt or hybrid mutual funds. These funds are suitable for investors having high to medium risk-appetite along with an investment horizon of more than 5 years.

Credit Profile

Mutual Funds that invest according to underlying credit risk profile.

h
Credit Risk

Invests based on credit risk opportunities.

h
Gilt

Invests in long term government debt.

h
Gilt with 10 year constant duration

Invests in government debt of duration 10 years.

Underlying Profile

Mutual Funds that invest according to specific investment profiles.

h
Corporate Bond

Invests in corporate bonds issued by companies.

h
Banking and PSU

Invests in debt instruments issued by banks and PSUs.

h
Floater

Invests in floating rate debt instruments.

Duration Profile

Debt Funds that invest based on maturity duration of underlying investments.

h
Liquid

Invests in debt instruments of duration of up to 91 days.

h
Low Duration

Invests in debt instruments of duration of 6-12 months.

h
Ultra Short Duration

Invests in debt instruments of 3-6 months duration.

h
Overnight

Invests in debt instruments with a duration of 1 day.

h
Short Duration

Invests in short duration (1-3 year) debt instruments.

h
Medium Duration

Invests in medium duration (1-3 years) debt instruments.

h
Medium to Long Duration

Invests in medium and long term duration debt instruments.

h
Long Duration

Invests in long duration debt instruments.

h
Dynamic Bond

Invests in bonds across durations.

h
Money Market

Invests primarily in money market instruments.

International Funds

International mutual funds invest at least 65% of their assets in listed companies across market capitalizations to earn higher returns than debt or hybrid mutual funds.

h
Regional – US

Invests in US Equity.

h
Regional – Others

Invests in international stocks.

h
Thematic

International Mutual Funds that invest according to specific themes.

h
Sectoral

International Mutual Funds that invest in companies of specific sectors.

Hybrid Mutual Funds

Hybrid mutual funds invest at least 65% of their assets in listed companies across market capitalizations to earn higher returns than debt or hybrid mutual funds. These funds are suitable for investors having high to medium risk-appetite along with an investment horizon of more than 5 years.

Risk Based

Hybrid Funds that invest according to specific risk profiles.

h
Aggressive Hybrid

Equity focused hybrid funds.

h
Conservative Hybrid

debt focused hybrid funds.

h
Dynamic Asset Allocation

Funds with asset allocation that can change with market conditions.

Asset Based

Mutual Funds that invest based on underlying asset class.

h
Arbitrage

Invests in price arbitrage opportunities.

h
Multi Asset Allocation

Invests in multiple asset classes

h
Equity Savings

Equity funds with small exposure to debt instruments.

Solution Oriented Funds

Hybrid mutual funds invest at least 65% of their assets in listed companies across market capitalizations to earn higher

h
Children Fund

Long term funds designed for children’s education goals.

h
Retirement Fund

Long term funds designed for retirement goals.

Recent Articles on Mutual Funds

No-Image

ELSS tax benefits are available for both Indian residents and NRIs

This article was first published on livemint. Are there any tax-saving advantages in NRI mutual funds? Equity-linked saving schemes (ELSS) allow tax saving under Section 80C of the Indian Income Tax Act. An investment of up to ₹1.50 lakh in ELSS…

equity mutual funds

4 Best Equity Mutual Funds in India 2020

Fundamentally, an equity mutual fund is one that uses the pooled money to invest predominantly in shares and stocks of various companies. The bulk of the portfolio (65% and above) of equity mutual funds comprises of investments in equity and…

compare mutual funds

Compare Mutual Funds & Their Performance

How to Compare Mutual Funds? A comparative analysis is of great value in selecting the right mutual fund scheme to meet financial goals in the defined time. MF comparison does not mean only looking at the past returns. Of course,…

How to Buy Mutual Funds Online

How To Buy Mutual Funds Online in India 2020: A Simple Guide

how to buy mutual funds online Mutual funds are the most lucrative forms of investment for defensive investors. They come for every type of financial goal and at the same time are convenient to invest in. Mutual Funds offer returns…

how to select mutual funds

Guide on How to Select Mutual Funds

How to select mutual funds? The need to invest money in the most profitable and efficient manner is the first rule of any kind of investment. For a first-time investor, it is especially crucial to understand the A-Z of all…

sip vs lumpsum

SIP vs Lumpsum investment mutual fund. Which is better SIP or Lump sum?

Which is better and when to choose what? We all have been hearing this question for a long time now. It isn’t easy to pick one. Each one has its own benefits. The main difference between SIP and lump sum…

No-Image

I am 30+ but have Made no Investments

When you turn 30, priorities change. You may have a family to look after and your current salary might not exactly pay the bills for your ideas of a comfortable future. Let’s avoid any untoward situation with Upwardly. How? We…

No-Image

Financial Planning: Millennials vs. Older Generations

Generation Y or popularly known as Millennials, are the best example for the right place and right time. Having born during 1977-1995, they are in the generation where the start-up economy is budding, and the markets and financial assets are…

No-Image

Difference Between Investment & Saving

Investment and Saving When you meet a financial advisor, you’ll hear these two words saving and investing for sure. Often, Saving and Investing are used interchangeably, however, both are different. Saving is the excess money set aside for emergencies or…

No-Image

Investing 101 for your 20s

When you’re in your 20s, saving and investing money are probably the last things on your mind. You’ve got your first job, and all you want to do is spend your salary on parties, gifts and dinners. But the secret…

No-Image

Living Paycheck To Paycheck? Here’s How You Break the Cycle

Is your wallet or bank account empty by the end of the month? Are you struggling to meet ends meet? Well, you are living paycheck to paycheck. Having the money in our bank account at the start of the month…

No-Image

How to Save Taxes on Sale of Property?

Special Exemptions on Capital Gains on Sale of Immovable Property: The Government of India provides some exemptions on long-term capital gains arising from the sale of immovable property like houses, apartments, etc. To understand how capital gains are calculated and…

home loan repayment

Should I pre pay my home loan or invest in mutual funds?

Decision making can be tedious when multiple options are available. Financial decisions always seem the most difficult ones to make. In the era where home loans are available at such cheap interest rates, one can easily get a loan to…

No-Image

NPS S2 Form : Procedure, Purpose, and FAQs

Introduction The National Pension System (NPS) is a Government of India initiative to encourage retirement savings. To apply for NPS, one has to fill in various forms, and there might be a chance of error while filling in the subscriber’s…

No-Image

NPS Lite : Eligibility, Benefits, Withdrawals, and Forms

Introduction The National Pension System Lite (NPS Lite) was launched in 2010 to provide financial security for economically disadvantaged people. All eligible citizens from the unorganized sector can apply for this scheme. This article covers NPS Lite, its eligibility, benefits,…

No-Image

NPS Forms: Account Registration, Maintenance, and Withdrawal

Introduction NPS is a government initiative to encourage retirement savings. The Pension Fund Regulatory and Development Authority (PFRDA) governs this scheme. To subscribe to the NPS scheme, withdraw money, transact, and make other changes, one must fill the NPS form….

No-Image

ICICI Bank NPS: Features, Benefits, and How to open?

Introduction The National Pension System is a retirement benefits scheme that offers tax saving. This government scheme is a retirement scheme regulated by Pension Fund Regulatory and Development Authority (PFRDA). The returns from the National Pension System are market-linked. Hence…

No-Image

How to Open NPS Account: Online and Offline

Introduction National Pension Scheme (NPS) is a long term investment scheme that offers dual benefits of pension plus investment. It comes under the purview of the Pension Fund Regulatory and Development Authority (PFRDA) and Central Government. Subscribers of NPS have…

No-Image

NRI Account : Types, Benefits, and NRO Vs NRE Vs FCNR

Introduction A Non-Resident Indian (NRI) account can be opened by an NRI or PIO with any authorized bank in India. In India, there are three types of NRI accounts, namely, NRE account, NRO account, and FCNR account. This article covers…

No-Image

Stock Return

What is a good return on a stock? The main factor to be considered in order to determine a good return is the risk level, for example investing in penny stocks is a high risk of loosing the investment but…

No-Image

Investment Club

Are investment clubs a good idea? Investment clubs are formed when a group of individuals collectively pool their money to invest it. All the members of the group share the benefits of the investments. With collective investments, comes lower transaction…

No-Image

NSDL

Can we download the PAN card online on NSDL? PAN applicants can download their e-PANs directly through UTIIYSL’s website, this option is available only for those who applied for fresh PAN or the most recent update and must have linked…

No-Image

Gross Income

What is the difference between gross income and net income? In simple terms, gross income is the total amount that a person earns before reducing any of the liabilities. The net income is arrived at after reducing the liabilities from…

No-Image

Government Securities

What are examples of government securities? Government securities are generally an investment product offered by the government. it can be in the form of treasury notes, bills or bonds, TIPS or a saving bond. this kind of securities usually offers…

No-Image

Central Bank

What is the central bank and its functions? The Central Bank in India is a national authority. It is responsible for managing inflation, conducting monetary policy, and maintaining the financial and economic stability of the country. Moreover, It controls the…

No-Image

Celebrate at affordable prices!

They say the most pure form of love is what we receive from our parents. They love with no expectations. It’s unconditional. That said, it’s not a bad idea to do something special for them. What do parents expect at…

No-Image

Is Travel Insurance Necessary?

Dreaming about a vacation, making it a part of your life goals, investing in it, planning the entire trip and counting days until we could go on a dream vacation. Sounds satisfying, doesn’t it? After planning the entire trip and…

No-Image

Yoga for Financial Health

We have recently celebrated International Yoga Day on 21st June. The social media was filled with pictures of individuals doing yoga. Yoga is no game where you can conquer in a couple of days. Yoga requires patience and practice. It…

No-Image

7 Enemies to your Financial Success

A 100% success rate for investments is everyone’s dream. But how many of us are actually working towards achieving it? Dreams don’t become reality unless and until we act towards it. Enemies are everywhere whether we realize or no. Similarly,…

No-Image

Personal Finance Myths : Busted

Myths are ancient stories passed down through time. Personal finance existed from the time money came into existence in the world. Hence there are myths about it. However, they only change from time to time, with investment vehicle available in…

No-Image

Financial Lessons from F.R.I.E.N.D.S.

F.R.I.E.N.D.S has been one of my favorite shows even after so many years. Watching re-runs of this series is one of my guilty pleasures. Having watched it so many times made me realize that there are so many things that…

section 80c

Best tax saving investment and expenses options under Section 80C

section 80c Section 80C of the Income Tax Act gives a privilege of tax deduction up to Rs1.5 lakhs to individuals and HUF. The tax deductions provide a means for individuals to reduce their gross total income and save tax….

Begin your investment journey

h

Build Long Term Wealth

Top equity mutual funds for long-term goals

  • Inflation beating returns
  • Grow wealth, Retirement, Education
  • 5+ Years, 10-12% Returns, No lock-in
Start Investing Now
h

Build Short Term Money

Beat FD returns with the best debt mutual funds

  • Lower taxes if you withdraw after 3yrs
  • Vacation, Car, Down Payment
  • 1-5 years, 6-8% Returns, No lock-in
Start Investing Now
h

Save Taxes

Top ELSS funds to save tax the smart way

  • Lowest lock-in (3yrs)
  • Save upto ₹46,500 on taxes
  • 5+ Years, 12-14% Returns, 3yr lock-in
Start Saving Taxes Today