Presenting the #FUNDerstand series!
An easy way to understand the different types of Mutual Funds and what you need each one for.
Let’s talk about EQUITY MUTUAL FUNDS and its objectives
A lot of individuals invest for the purpose of wealth creation. The wealth creation objective may or may not have specific financial goals attached to it. Equity mutual funds are best for wealth creation. The BSE Sensex hit the 1,000 mark for the 1st time in 1990. Since then, in the last 30 years, the index multiplied more than 50 times to reach 50,000 in 2021.
So, equity mutual funds are a wonderful tool to realise your wealth creation goal.
Have you invested in Equity Funds?