On December 13, 2019, BFC Capital successfully conducted its 237th Quality Circle Program at Hotel Silvete, Lucknow. The event aimed to spread financial awareness and foster meaningful interactions with some of the city’s most renowned personalities. Through insightful discussions and expert guidance, attendees gained valuable knowledge on financial planning and investment strategies. The program reaffirmed BFC Capital’s dedication to empowering individuals with the tools needed for a secure financial future.
How do I start investing in mutual funds?
First, identify and define your financial goals—are you saving for something short-term or planning for the long term? Based on these details, you are required to identify the details.
Next, consider how much risk you can afford to actually take. Then, complete your Know Your Customer (KYC) process by submitting required documents such as your PAN, ID proof, and address proof. After that, choose how you want to invest—either through a lump sum or a SIP.
What is the minimum amount required to invest in mutual funds?
You don’t need a huge amount to begin investing in mutual funds. Most funds allow SIPs to start at just ₹500 a month, and lump sum investments typically begin at ₹1,000.
Which is better– mutual funds or stocks?
Purchasing stocks entitles you to direct ownership of a business, which increases risk but also profits. You must monitor and control them actively. Mutual funds are less risky and more hands-off since they collect the money of several investors and are professionally managed.
Are mutual funds risk-free investments?
No, there is some risk associated with mutual funds.
For instance, because equity mutual funds invest in equities and the stock market, they are subject to market-related risks. Debt funds still have interest rate and credit quality concerns, although they are generally safer than equity mutual funds!
