What is a mutual fund?

In simple words, a fund is an investor’s safety deposit much like in earlier times when people used to store their savings into a bag of rice, in today’s times that bag has come with a new name that is the Mutual Fund.

How many types of mutual funds are there?

There are several types of funds such as: • Equity funds, primary investment in stocks and equity shares. Subcategories include large-cap, mid-cap, small-cap funds. • Debt funds • Money market funds • Hybrid funds • Specialized funds

What are the benefits of investing in funds?

Investing allows us with an opportunity to earn higher returns on our investment with minimal risks. It grows the capital invested in the long-term and provides a systematic way to secure one’s future.

Who gets your money in mutual funds?

The income generated on the funds is the interest gained on the invested amount which is fairly distributed among the investors.

Do mutual funds generate income?

Investing in funds is a great way to build capital. Long-term investments have proven to be a successful tool to create generational wealth. Deep analysis of the market and risk tolerance can help investors to earn good returns and generate income as well.

ICICI Prudential Multiple Yield Fund Series 14 Plan A 1228 Days (G) - Investment Information

Hybrid
Equity Savings
Moderate

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₹12.67 (0%)
Current NAV 02-07-2021
8.02%
Returns
Min. SIP ₹0

Min. Investment ₹0

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Basic Details

Key Information About Investing Details.

CategoryEquity Savings
KRACAMS
Inv. PlanGrowth
Launched In15-Feb-18
BenchmarkCrisil Composite Bond (80), Nifty 50 (20
Fund TypeClose Ended
Fund HouseICICI Prudential Mutual Fund

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