Mutual Funds: Not just for equities or saving taxes but substitutes for other investment products including fixed deposits and gold
Many individuals believe that mutual funds are all about investing in stocks. Some also know that they can invest in mutual fund and save taxes. However, very few investors realise that they don’t have to look beyond mutual funds for any of their investment requirement, say mutual fund advisors.
Mutual funds offer substitutes for almost all other investments products. For instance, FD investors may go for credit opportunity funds or other debt funds, depending on the tenure they wish to invest. Those who invest in gold may go for gold funds…..