Mutual funds are one of the best ways to save and grow your funds in medium to long term. In mutual funds, the funds provided by the investors are pooled together and is invested in securities such as stocks or bonds. Mutual funds are professionally managed investment schemes where the money that is pooled is invested equity and equity related instruments. The allocation of funds to securities are done through fund managers. Fund managers are experts who manage the allocation of funds and the make the changes to the invested funds to ensure that there are profitable returns on their investments.
As an investor, you can purchase the units of a mutual fund to denote the share of your holdings in a scheme. The units of a mutual fund can be purchased or redeemed at the current net asset value of the fund.
The best apps for investments are MyCams mutual fund app, GoMF app by MF utilities, KTrack Mobile APP by Karvy and Angel Bee.