Mutual Funds Demystified

Despite the growth potential in bull markets, many miss out due to three common mistakes. This discussion explores these pitfalls and offers solutions for a more successful investment experience.

Gifts received from specified relatives are not treated as income

In this episode of 'Money with Monika', personal finance expert Monika Halan explains how mutual fund investments can be tailored to meet various financial goals—be it buying a car in a couple of years, planning a wedding in five years, or even retirement. “While a low-risk product is advisable for short-term financial goals, have a sizeable risk appetite when planning for the longer term,” she says. Monika Halan is consulting editor, Mint, and author of 'Let's Talk Money'.

For investors who wish to invest on behalf of their minors online, the MF Utilities platform is the only option

Understanding the differences between SOA and demat methods of holding MF units is crucial for making sound financial decisions. SOA offers cost efficiency and flexible withdrawals, while demat provides real-time tracking and ease of asset transfer.

There is a panacea for everything barring death. Unfortunately, you can only delay but not avoid death. It will come when it has to, so why not be prepared for it every day? Start by discussing your finances with your loved ones so that they have something to fall on in your absence.

With a consolidated statement, you can get details or a summary of all your MF investments across fund houses in one place

A popular tax-saving investment under Section 80C of the Income Tax Act of 1961 is the Equity Linked Savings Scheme, or ELSS.?