Myth: Investing in mutual funds is only for the rich.
Reality: Mutual funds are accessible to anyone, regardless of income or net worth. You can invest in a mutual fund with as little as Rs. 500, and there are funds available for every budget.
Myth: Mutual funds are only for short-term investments
Reality: Mutual funds are designed for long-term investing, and many funds have a lock-in period of at least three years. Investing in mutual funds with a long-term perspective can help you achieve your financial goals.
Myth: Investing in mutual funds is risky.
Reality: Like any investment, mutual funds do carry a degree of risk. However, investing in a well-diversified mutual fund portfolio can help mitigate risk and provide consistent returns over the long term.
Myth: Mutual funds are only for equity investments.
Reality: Mutual funds offer a range of investment options, including debt, hybrid, and equity funds. Each type of fund has its own risk-return profile, allowing investors to choose the best option to meet their investment goals.
Myth: Mutual funds are only for expert investors.
Reality: Mutual funds are designed to be accessible to all investors, and you don't need to be an expert to invest in them. Mutual funds offer the expertise of experienced fund managers who make investment decisions on behalf of investors.