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A Mutual Fund is a popular investment vehicle for financial planning. It accumulates money from a group of investors and invests the corpus in a wide variety of financial asset classes like Equity, Debt, and Commodities etc. The value of the Mutual Fund is correlated to the performance of its composite assets.
In a Mutual Fund investment, when you buy a ‘Unit’, you invest in a section of the fund portfolio’s value. The price of a Mutual Fund is expressed as the Net Asset Value (NAV). It is calculated by dividing the current value of assets in the fund’s portfolio by the total number of units owned by all the investors. You can purchase or redeem Mutual Fund units, as per your requirement at fund’s current NAV. It is declared at the end of each trading day.
So Why Should You Invest In Mutual Funds?
DISCLAIMER
Mutual fund investments are subject to market risks, please read all scheme related documents carefully. ICICI Bank Limited shall not be liable or responsible for any loss or shortfall resulting from the operations of the Mutual Fund scheme. Terms and conditions of ICICI Bank and third parties apply.
