Discover the basics of mutual funds, a popular investment vehicle pooling money from various investors to buy securities.
These are of different types, including equity, fixed-income, and balanced funds, each catering to specific investment goals.
Mutual funds offer diversification, professional management, and accessibility, making them suitable for many investors.
Steps to invest: Assess your risk tolerance, choose the right fund, and understand fees and expenses involved.
Understand the costs of investing in mutual funds, including expense ratios and fees, and how they affect your returns.