Financial Planning: A list of best equity, debt and hybrid mutual funds in July
Mutual Funds are investment options wherein the money from several investors is pooled in by an AMC and invested in different instruments such as debt, equity, securities and money market.
With people looking for more investment options, Mutual Funds are rising at the fastest pace simply because investors need a secure option to put money.
A mutual fund is a pool of savings contributed by multiple investors. They are registered with Securities Exchange Board of India (Sebi) who approves the Asset Management Company (AMC) managing the fund. The AMC is under the purview of the trustees who have to ensure the fund complies with regulation.
The common fund so created is invested in one or many asset classes like equity, debt, liquid assets etc. The most common asset classes are Equity funds, Debt funds and Balanced or Hybrid funds.
If you are planning to enter the mutual fund market, have a look at top funds in the month of July.
Banking sector mutual funds outshine markets over the past one month
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