WHY?
This 20th century generation is called as millionaires where every children worth of atleast 10 lakhs may be in terms of capital or assets. It is responsibility of the generation to keep their ansistors property or money safe and if possible to make it big. therefore mutual fund is a great platform to make your dream come true. You can invest in this fund and can earn profits(in terms of dividend or interest) without wasting your capital.
May be many Indians do not want to invest in stock market due to more volatility which creates afraid about loosing money, rather they want to invest in fixed assets like land, building, gold, silver etc..
What is mutual fund?
Mutual fund is tool for a financiers to extract money from different people to invest in securities like bonds, stocks, money market, costlier assets like gold, silver.in other words it can v=be described as mutual fund is a platform where people can invest their savings or extra money in order to earn out of it, or there may be the reason for tax benefit.
Who can invest?
1) Any individual : who earns money in terms of salary has income from other source like income from house property, capital gains.
2) Retailers
3) Institutions
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