Mutual funds are best investment in long term. 44% americans invest in mutual funds. But the investment ratio is very low in India. Only 4% Indian population invests in mutual funds. Mutual funds are best investment instrument for wealth creation. Due to lack of financial knowledge, Indians are not exploring mutual funds investment.
While developed markets have the maximum AUM, developing or emerging markets are beginning to break out. The US had over $17.7 trillion in AUM, while Europe had $12.7 trillion. Asia Pacific countries had $4.7 trillion, of which Australia, China and Japan accounted for $1.52 Trillion, $1.26 Trillion and $1.33 Trillion respectively. Brazil, had over $743 Billion in Mutual Fund Assets. India had Assets of $168 Billion, thus showing the low penetration of Mutual Funds in India, while highlighting the tremendous unrealized potential in India.
You can start mutual funds in SIP by linking your bank account with mutual funds aggregators platform. You can start with monthly 100 rupees in SIP. Today start your long term investment with Axis Bluechip Growth Direct Plan.
Axis Bluechip Growth Direct Plan :
This fund categorized as large cap fund and invests only on large cap companies. Total 10,000 crores investment in Axis blue-ship growth direct plan by investors like you. This funds mainly invests in Banking, Software and Refineries companies. Top 10 investment of this fund companies are,
TOP 10 HOLDINGS (AS ON 31ST DEC)
- HDFC Bank Ltd: 8.88%
- Kotak Mahindra Bank Ltd: 8.36%
- ICICI Bank Ltd: 8.05%
- Bajaj Finance Ltd: 7.92%
- Reliance Industries Ltd : 4.97%
- Avenue Supermarts Ltd : 4.84%
- Housing Development Finance Corporation Ltd: 4.74%
- Infosys Ltd: 4.17%
- Asian Paints (india) Ltd: 4.11%
- Bajaj Finserv Ltd :3.59%
Mutual fund manager decides and invests on list of stocks to get better returns. This mutual fund returns 21% in one year, 21 in 3 years. Mutual fund company collects 0.64% as expense for the fund. This mutual fund is best for long term wealth creation. There are lot of large cap mutual funds to explore in the market. Major large cap funds are
Canara Robeco Bluechip Equity
Mirae Large Cap (G)
Edelweiss Large Cap (G)
SBI Blue Chip Fund Direct Plan Growth
You can select one of large cap fund and start your investment today with monthly 500 rupees.
First step to start your mutual fund investment. KYC,
Do you know? India’s Financial literacy rate is just 24%
2.99 crore people joined. You are not? Join today.
At age of 27, why fear to manage 7 mutual funds? It is easy…!!!
Stock Market + Experience + Low Risk + Simple = Equity mutual funds