Personal Finance Myth #6

Mutual funds are only for long-term investments is a myth | Vrid
People illustrations by Storyset

Mutual funds are only for long-term investments

Have you heard someone saying mutual funds are only for long-term investments? 

Well, they are wrong. 

Mutual funds have different fund categories, like debt, equity, and a hybrid of both, that come with different maturities. Read more about different types of mutual funds in India here.

So every investor with short, medium and long goals can invest in various funds that suit their time horizon and risk appetite. 

Also, did you know debt mutual fund comes with long-term capital gains? If we realise the debt fund gains after a holding period of three years, the gains are taxed at a flat rate of 20% after indexation. 

Share this with your friends and family. Start investing asap based on your goals.

Was this blog shared with you? You can subscribe to our personal finance newsletter to receive such insightful articles directly to your inbox!

Did you enjoy this article?

DISCLAIMER: This newsletter is strictly educational and is not an investment advice or a proposal to buy or sell any assets. Please be careful and do your own research.

Experience the power of our cutting-edge expense tracker app! Join our waitlist to access smart categorization, insightful financial insights, and seamless expense tracking. Be part of the financial revolution – sign up now to stay updated and gain exclusive access to our app!