MFs To Grow Your Savings With Scripbox
What Is A Mutual Fund?
MFs gather money from several investors to buy securities.
The money is handled by a fund manager, who does thorough research and analysis to invest it & ensure the best returns.
These funds invest in equities, or directly in the stock market, and can be theme-based.
For eg, investing in large-cap/mid-cap stocks; or sector-based, like pharma/FMCG, etc.
A debt fund is a fund that invests in bonds or other debt securities.
The risk involved is lower, so debt funds are ideal for more conservative investors.
Mutual funds are of many types: long term (over 5 years), short term (1-5 years), tax-saving funds and funds for emergency needs. Investors can choose a fund as per their needs.
Invest With Scripbox
You can start investing today taking into account how much you are willing to invest, the time frame and your needs. Scripbox has a range of recommendations with good returns.
Best Equity Funds
These include the Axis Bluechip Fund (G), Invesco India Growth Opportunities Fund (G), Kotak Flexi Cap Fund (G) and Mirae Asset Large Cap Fund (G).
Best Tax-Saving Mutual Funds
These include Mirae Asset Tax Saver Fund (G) and the Motilal Oswal Long Term Equity Fund (G).
Best Liquid Funds
Liquid funds mature faster: they are open-ended debt MFs that invest money into short-term money market instruments.
Axis Liquid Fund (G) & Tata Liquid Fund (G) are two good options.
Best Debt Mutual Funds
These include ICICI Prudential Savings Fund (G), Kotak Savings Fund (G) and Tata Liquid Fund (G).
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.