9 Reasons Why SIP Investment Is the Best Way to Invest
Investing in mutual funds using a systematic investment plan or SIP has become very popular. To know why it is such an effective method to invest in mutual funds, read on! What is Systematic Investment Plan or SIP? Systematic Investment Plan or SIP is a method of investing money in mutual funds. The other way […]
NFO: Is it Good to Buy? Investing in NFO vs Existing Mutual Funds
In recent times, new mutual funds, or NFOs have flooded the markets. So, is it good to buy NFO or should you go with time-proven existing mutual funds? Should You Invest in NFO? Reasons for not Investing Following are the reasons: These NFOs have no proven track record. There are many older funds in the market […]
Just Sold Your ESOPs? How To Invest Large Amount In Mutual Funds?
Employees making money through ESOPs is very rare in India. Unlike in the United States, startup employees rarely make money on ESOPs. However, there are two large exceptions – Infosys and Flipkart. Both the companies are a perfect role model of how hard-working early employees shall be rewarded. Liquidating (selling) your ESOPs would give one […]
How to Add a Nominee to an Existing Folio?
While investing in mutual funds, one can authorize a person to whom the mutual funds will be transferred to in the event of his death. This person is called a nominee. If you already have a folio but there is no nominee updated for it, we can get it updated. The steps are as mentioned […]
How to Update Bank Details in an Existing Folio?
One of our users on Groww recently asked about getting his bank details updated for an existing folio. You can get your account created on Groww in less than 2 minutes. You can get your bank details updated for 2 scenarios. First, if you want to change the current bank that you are using. Second, […]
How to Move Your Existing Investments to Groww?
Want to track all your investments on a single platform? Don’t worry! We can move all your existing investments to Groww. Moving your existing investments is very simple. Request a consolidated account statement of your investments from karvymfs.com/platformservice/ and forward it to firstname.lastname@example.org along with the password you chose. Make sure you have selected the option – ‘Detailed‘. The […]
I Want to Invest a Sum of 2000 in an Equity Oriented Fund Through SIP. Please Suggest in Which Scheme Should Invest?
Congrats on the excellent decision of starting SIP. Small savings can have a big advantage in the long run. There are two steps you should take to choose the right funds for your investment needs. 1. Choose the right category of Mutual Funds – Based on your investment horizon, risk appetite and returns expectations your answer […]
What should be my portfolio of mutual funds for an SIP of Rs. 15000?
It’s important to have the portfolio aligned with your investment goals. The goals need not be as specific as buying a house or going on a world tour. It can be to create wealth in long term or invest with high liquidity etc. For building a perfect portfolio consider the following – Investment goals – […]
I have 2 crore rupees and a family to take care of. What is the best way to invest the money where I could get a monthly return of at least 75k as I don’t have a job and I need to take care of my family?
Investment Options: Debt (Giving Loan) Saving Account: Very Low Returns FD/RD: Fixed Maturity Bonds: Not very liquid Debt Mutual Funds: Lower Returns than Equities Equity (Buying Shares) Stocks: Very Risky Equity Mutual Funds: Risky is short-term Alternatives (Others) Gold: Low Returns Real Estate: No liquidity Things that are certain here are: Returns: 75k per month (1 […]
What is SWP or Systematic Withdrawal Plan?
SWP (Systematic Withdrawal Plan) is the lesser known twin of SIP (Systematic Investment Plan). SIPs have gained immense popularity in India in recent times. SWPs does the reverse of what SIP. What is SWP? Systematic Withdrawal Plans (SWP), allows you to withdraw a fixed amount of money from a mutual fund at a […]
Why You Don't Need a Demat Account to Invest in Mutual Funds
No. You do not need a demat account to invest in mutual funds. There are several ways to invest in mutual funds. Ways to Invest in Mutual Funds Broker on the Stock Exchange: This is the demat way. For people who invest in stocks, mutual funds, bonds, and other such similar instruments, it is convenient to be […]
What is Exit Load?
An exit load is applicable on redeeming your investment in the case of many mutual funds. You might have read about it when investing and casually ignored it. Though it should not be a major factor in affecting your investment decision, you should know about it. What is exit load? Exit load is a fee charged […]
How Many Mutual Funds Should I Own?
You must have heard of diversification. Every investment advisor asks you to diversify your investments to safeguard it from sudden risks. But do you know you can overdo it? Overdiversifying can prevent you from making good gains! So the question now arises, how many mutual funds should you have? Over-Diversification of Mutual Funds […]
Should I Buy a Home With My Own Money or Put My Money in Fixed Deposit and Take Home Loan Then Repay It's EMI From the Monthly Interest on FD?
Interesting Question. Buying a house with your own money looks like a better option. Key Reasons: Interest rate of home loan will always be higher than your FD interest. Interest Received on FD is taxable as per your income tax bracket Interest paid on home loan is only exempt upto 2 Lac Now, what can […]
How do I invest in Mutual Funds in India via SIP? I want to learn about Mutual Funds myself. I am not in hurry, have long term goals.
It is highly appreciating that you have the desire to learn because many people blindly believe others advice and don’t do the requisite research. We at Groww have the vision to spread financial knowledge and literacy to every Indian. Here are some blogs which will help you to get good head start Beginners Guide to Mutual […]
Should I pre-pay a home loan or invest in mutual funds?
This is the dilemma everyone faces when their monthly income can service pre-payment of the home loan. But you should take note of the Pros and Cons associated with pre-payment and investments in mutual funds. Pros Interest rate- By prepaying your home loan, you are effectively saving the interest which you would have been paying with […]
I have 10000 rupees. Where should I invest them to get healthy returns after six months?
There are many investment options available in India but the most popular ones for short term is listed below Debt (Giving Loan) Saving Account: Very Low Returns FD/RD: Fixed Maturity Bonds: Not very liquid Debt Mutual Funds: Lower Returns than Equities Equity (Buying Shares) Stocks: Very Risky Equity Mutual Funds: Risky is short-term Alternatives (Others) Gold: […]
How Do You Withdraw Money From Mutual Funds?
Exit load is one of the most important things one must take care of while withdrawing money from mutual funds. Investors often complain about the exit loads, which is charged by asset management companies or AUM. But what exactly is exit load? Exit Load Some mutual fund schemes carry exit loads depending on when an investor […]