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BankBazaar To Add Mutual Funds To Its Product Offerings!

BankBazaar To Add Mutual Funds To Its Product Offerings

 

 

Design Credits: Vishnu Madhav

We at BankBazaar will leave no stone unturned when it comes to giving you the best investment offerings. You can soon look forward to getting Mutual Funds online on the BankBazaar website. Yes, you heard right! Now, no more meeting Mutual Fund agents at coffee shops and racking your brain over which fund to choose. It’ll all be delivered to you on your desktop, or even better, your mobile phones. You’ll be able to compare a wide-range of funds from select asset management companies and even receive suggestions which have been specially customized for you.

Here’s what Adhil Shetty, CEO of BankBazaar has to say about it. “Investments are a crucial part of the financial portfolio, and Mutual Funds are an important vehicle for investment, especially for retail customers, because of their small investment factor, periodicity, and ability to create long-term wealth. With our proprietary research and technology, BankBazaar.com aims to provide unbiased suggestions and bridge the gap between the retail customer and an investment of their choice. In time, we hope to build an automated system that would make the entire process completely paperless”. 

Mutual Fund Must Knows Before You Invest

The preferred choice of investment 

Mutual Funds have always been the preferred choice of investment. It’s looked at, less as a type of investment and more as a vehicle of investment. It’s an all-encompassing investment tool.

Diversify, diversify, diversify! 

The habit of diversifying your investments has always been hailed as a good investment practice, vis-à-vis pooling all of it in one place. Mutual Funds operate on the very same principle. They offer you the ease of investing in one place but give you rich returns which can only be gained from a diversified investment portfolio.

What’s the damage? 

Now, you might think that to invest in a Mutual Fund you will need a big sum at your disposal. But no, you don’t! You can continue making small payments towards your fund at regular intervals and reap attractive returns.

So, how do they work? 

In answer to your question of how Mutual Funds work – to begin with, an asset management company does not invest each fund owner’s money individually. The funds of multiple people are pooled together and then, this large sum is invested across diverse assets such as equity, debt and liquid assets, among others. Then, as returns come in, they are divided among the members according to the amount that was invested by each.

Additional Reading: Know More About Mutual Fund

We hope you’re looking forward to investing in Mutual Funds online. But in the meantime, click on the link below to explore our Loan and Credit Card offerings.

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