Mutual funds are a type of certified managed combined investment schemes that gathers money from many investors to buy securities. There is no such accurate definition of mutual funds, however the term is most commonly used for collective investment schemes that are regulated and available to the general public and open-ended in nature. Hedge funds are not considered as any type of mutual funds.
Mutual funds are identified by their principal investments. They are the 4th largest category of funds that are also known as money market funds, bond or fixed income funds, stock or equity funds and hybrid funds. Funds are also categorized as index based or actively managed.
In a mutual fund, investors pay the funds expenditure. There is some element of doubt in these expenses. A single mutual fund may give investors a choice of various combinations of these expenses by offering various different types of share combinations.
SIP
What is a Systematic Investment Plan?
A Systematic Investment Plan or SIP is a smart and hassle free mode for investing money in mutual funds. SIP allows you to invest a certain pre-determined amount at a regular interval (weekly, monthly, quarterly, etc.). A SIP is a planned approach towards investments and helps you inculcate the habit of saving and building wealth for the future.
How does it work?
A SIP is a flexible and easy investment plan. Your money is auto-debited from your bank account and invested into a specific mutual fund scheme.You are allocated certain number of units based on the ongoing market rate (called NAV or net asset value) for the day.
Every time you invest money, additional units of the scheme are purchased at the market rate and added to your account. Hence, units are bought at different rates and investors benefit from Rupee-Cost Averaging and the Power of Compounding.
Rupee-Cost Averaging
With volatile markets, most investors remain skeptical about the best time to invest and try to time their entry into the market. Rupee-cost averaging allows you to opt out of the guessing game. Since you are a regular investor, your money fetches more units when the price is low and lesser when the price is high. During volatile period, it may allow you to achieve a lower average cost per unit.
Power of Compounding
Albert Einstein once said, “Compound interest is the eighth wonder of the world. He who understands it, earns it… he who does not… pays it.” The rule for compounding is simple – the sooner you start investing, the more time your money has to grow.
NJ Wealth – Financial Products Distributors Network is one of India’s leading and most successful network of distributors in the financial services industry.
Started in 2003, the NJ Wealth seeks to reach out to the common man and extend the opportunity to create wealth through an empowered network of financial product distributors – the NJ Wealth Partners. To its Partners, NJ Wealth provides a full service, comprehensive business platform with end-to-end solutions critical for success in financial products distribution practice. With its compelling set of offerings covering every area of distribution practice, NJ Wealth has managed to successfully transform the lives of many small and big distributors.
To the common man, NJ Wealth offers a comprehensive wealth management platform with a wide choice of financial and non-financial products. Backed by high levels of excellence in operational and service standards, NJ Wealth offers customers and its Partners with solutions that truly makes a difference.
Driven by the strong vision of ‘Creating Wealth and Transforming Lives’, NJ Wealth’s constant endeavour is to build on the ideas that are meaningful & effective in scaling business challenges, seizing available opportunities and serving the interests of the customer.
The NJ Wealth family has grown steadily and today it has over 37,074+* NJ Wealth Partners, spread across 95 branches in 19 states in India with over 25 lacs+ investors and over INR 75,106 Crore +* of mutual fund assets under advice. Irrespective of the numbers though, it is trust in us which fuels the passion for creating solutions with excellence that touch many lives, day after day.
The key offerings of the NJ Wealth Distributor platform is briefly mentioned here.
Product basket
● Domestic mutual funds (all AMCs)
● Capital Markets – direct equity and ETFs
● Fixed Deposits of companies
● PMS products (Third party & NJ)
● Government/ RBI/ Infrastructure bonds
● Residential & commercial properties
Partner Services
● Dedicated Relationship Manager
● Marketing & Sales support
● Research support
● Training & Education support
● Dedicated Customer Care / Query management support
● Technological support, including online business / ‘Partners Desk’ with CRM & Employee Management modules
Customer Services:
Online family “Client Desk” enabling single portfolio view of ‘entire’ wealth portfolio Trading & Demat Account with online transacting & call-&-trade service in mutual funds, direct equity & ETF
Monetize Financials is proud to now offer expert Mutual Fund advice at your doorstep! That’s right! You can take advantage of this service to get the best investment advice before you start investing in the rewarding world of Mutual Funds.
When you sign up for this service:
❖ Our expert Mutual Fund advisor will contact you.
❖ He will visit you at a time and place of your convenience to understand your financial situation and goals.
❖ A personalised investment plan will be drawn for you to ensure you invest in the best Mutual Funds in the market, and achieve your financial goals.
You can avail this service for FREE, and that too from the convenience of your home / office!
❖ Dedicated face-to-face advice
❖ Convenience of your home / office
❖ Tailor-made Mutual Fund investment plans
❖ Personal investment expert
❖ Consolidation of all Mutual Fund investments online
