Money Market Mutual Funds

Money Market Mutual Funds

Mutual fund investments are one of the most preferred choices of investments for investors as it is the easiest and most comprehensive way to create a diversified portfolio. There are different categories of mutual funds to meet the specific requirement as per the time horizon, risk appetite, and investment purpose. Broadly, mutual fund either in invest in equities, debt, or both debt and equity. Additionally, they can either be open-ended or closed-ended schemes.

What are Money Market Mutual Funds?

Money Market Mutual Funds are open-ended mutual fund schemes that invest in short-term debt instruments. As the name suggests, Money Market Mutual Funds invest in high- quality money market instruments/securities such as commercial papers, treasury bills, certificates of deposit, etc. with short-term maturity usually less than a year. 

Money Market Funds aim to serve a cash-like position for investors with very low volatility to ensure capital protection. These mutual funds are a stable investment vehicle for investors for short-term income generation with an investment horizon ranging from three months to one year.

What are Money Markets and different types of money market instruments?

Money Market is an important segment of the Indian Financial Market for borrowing and lending of short-term funds. The maturity of money market instruments ranges from one day to one year. Transactions in money markets are high, and the market is predominantly for large players. 

After understanding the money market mutual funds meaning, one needs to know the different types of money market mutual funds. As retail players have limited scope for direct participation in money markets, the different types of money market instruments are the best way to invest in such investments.

1. Treasury Bills: Treasury bills, also known as zero-coupon bonds, are issued by the RBI on behalf of the central government to fulfill short-term fund requirements. T-bills are issued at a discount and paid at par on maturity. These are the safest as they are backed by the government.

2. Commercial Papers: Commercial Papers are unsecured promissory notes issued by companies and other financial institutions with a maturity period of 15 days to a year. As they are unsecured papers, these are issued by companies with high credit ratings. These papers are issued at a discount and redeemed at face value. 

3. Certificate of Deposits: Certificate of deposits are short-term instruments which are issued by commercial banks and other financial institutions to individuals and companies, when the demand of credit is high, but the growth in deposits is slow, thus resulting in tight liquidity of the financial institutions

4. Repurchase Agreements (Repos): Repurchase Agreements is an agreement to facilitate short-term loans under which RBI lends money to other banks. The agreement can also exist between two banks. Simultaneous sales and purchase of agreement are involved in the case of the repurchase agreement. 

These are the four types of money market mutual funds available in India.

Key features of Money Market Mutual Funds

1. Short-term debt instrument: These funds invest in very high-quality, short-term money market instruments, and cash equivalents.

2. Low-Risk Investment: As these funds carry very low risk, so the rate of return is near the risk-free rate of return
Better returns than Bank Accounts: The returns offered are better than those offered by bank FDs or savings account

3. Allow retail investors to participate in Money Markets: They provide retail investors an opportunity to invest in money market instruments which are other inaccessible to them due to high ticket size
4. Liquidity: Money market mutual funds are highly liquid and ideal to park short-term emergency money

Factors to consider before investing in the different types of Money Market instruments

1. Investment Horizon: For any investment time horizon of investment is very important. Money market mutual funds are specifically designed to meet the short-term investment needs of investors. So, you should invest in these funds only if your investment horizon is of three months to a year.

2. Risks: Money market mutual funds are safe investment options, but these funds are subject to interest rate risk affecting the price of the underlying instrument due to an increase or decrease in the interest rate. Money market instruments such as CD are unsecured loans, and hence creditworthiness of the issuer is essential.

3. Returns: Money market mutual funds have the potential to offer higher returns than a regular savings account, especially when the interest rates are falling. The NAV of the fund depends on the prevailing interest rate. A fall in the interest rates means that the price of the underlying assets will increase resulting in higher returns from the funds.

4. Expense Ratio: Cost plays an important role as it affects the overall returns generated by these funds. The expense ratio is the fees that the fund charges to manage the portfolio. The maximum limit for expense ratio as prescribed by market regulator SEBI is 2.25%. 


If you are looking at investing your surplus in a safe investment for better returns than traditional bank deposits and also highly liquid instruments, then money market mutual funds are the best option for you. A good investment broker like IndiaNivesh provides a complete list of top-performing money market funds.

Here is the list of top-performing money market funds:

Aditya Birla Sunlife Money Manager Fund
Kotak Money Market Scheme
L&T Money Market Fund

IndiaNivesh provides the ideal platform to meet your investment needs. Open your Demat account with us by completing the simple documentation and KYC form and get started now.


Disclaimer: Investment in securities market / Mutual Funds are subject to market risks, read all the related documents carefully before investing. 


Algo Trading India – Know about What is Algo Trading, Benefits & Future

The Introductory Guide to Algo Trading India In today’s fast-moving world, technology has become an indispensable accessory of everyday life for most people, and investors are no exception. A growing number of investors today are exploring algorithmic trading for trading financial securities. What is Algo Trading? Algorithmic trading, also known as Algo trading, is automated buying and selling of shares in the stock market using intricate mathematical models and defined set of commands known as algorithms to carry out financial transactions at a high-speed. The instructions are programmed in the trading software as algorithms concerning specific variables like time, price, and volume, and the computer then executes the trade as per the instructions. Automation of trades helps investors perform specific financial strategies rapidly and precisely and, most importantly, free from human error, thus increasing the probability of success resulting in higher profits.   Advantages of algorithmic trading: There are distinct benefits of Algo trading India as compared to traditional trading. The various benefits of algorithmic trading include- Speed: Algorithmic trading India accelerates the rate of the transaction as it can analyze many parameters and technical indicators at lightning-fast speed and execute the trade. Greater accuracy: The human intervention in Algo trading India is minimal, thus reducing the possibility of human error. Many a time, a trader can falter in punching orders or may analyze the technical indicators incorrectly, which is not the case in Algo trading due to automation, thus increasing the level of accuracy. Reduction in transaction costs: Algo trading India enables traders to execute multiple orders in a short time, thus reducing the transaction cost and increasing the overall profits. Minimization of human emotions: Algo trading strategies in India are pre-defined and formulated, thus keeping investor emotions at bay, which is one of the most significant advantages of algorithmic trading in India. As soon as the pre-required objectives are met, the execution of trade takes place automatically. As the psychological element is eliminated from the trade, so there is no room for deviation from the strategies. Diversification of trades: The use of algorithms and computers Algo trading enables investors to execute multiple trades and trading strategies at one time, which is not possible in case of manual transactions. So, trading opportunities over a range of markets and securities can be scanned and executed simultaneously. Thus, Algo trading in India allows investors to take benefit of diversification, which is difficult to attain in traditional trading.   Disadvantages of Algo Trading  Faulty algorithms can result in massive losses: As this strategy is entirely based on technology, the biggest drawback of algorithmic trading India is that the wrong algorithm can result in significant losses as many transactions take place simultaneously and any fault in the algorithm can be catastrophic. No control by humans: As the strategy is completely automated, there is minimal scope for discretionary choice for investors. Even if the investor realizes that a particular strategy may fail, he cannot abandon the program or stop the execution.     Types of Algorithmic strategies After understanding what is algo trading, one needs to know the different types of algo trading strategies India.  Let us look at some of the most popular Algo trading strategies used by institutional and retail investors- Momentum/Trend Following: Trend following is one of the most popular used algorithmic trading India strategies. This strategy involves finding a trend in the price of security using different indicators to analyze the available information. The trades use technical analysis charts and patterns to execute them. Technical indicators like moving averages, oscillators and price movements form the basis of analysis, and buying and selling of securities take place automatically when pre-defined conditions are satisfied based on the technical indicators. Simplicity and relative ease of design make it one of the most widely used algo trading strategies amongst traders. Arbitrage Strategy: An arbitrage opportunity is created when there is a difference in the price of the security on different exchanges on which it is traded. This Algo strategy uses computers to identify arbitrage opportunities and create risk-free profits as quickly as possible and uses them for profits. If a security price is listed on more than one exchange and its price is lower on one and higher on the other, then the algorithm identifies the different pricing and buys on the exchange with lower price and sells on the exchange with a higher price.  Speed and accuracy are of paramount importance for this strategy and hence it is more efficient in comparison to manual trading. Statistical Arbitrage Strategy: It is a short-term trading strategy and it tries to make profits from opportunities that arise due to price inefficiencies and misquoting of price. The complex mathematical algorithms help discover the price inefficiencies swiftly and execute the trade before price correction, which is tough for investors to analyze on their own. Mean Reversion Strategy: Also known as a reversal strategy, it is based on the fact that the price of a security will move up or down but eventually come back to an average value at some point. The average price is calculated based on the historical data, and the strategy finds out the lower and higher price limit for stock and executes orders when they are beyond the range. This strategy works when there is extreme movement in prices, and the unexpected swings generate profit for the investor.   Conclusion Algorithmic trading has immense potential, and the benefits of this strategy are yet to be fully explored by retail investors. Brokers like IndiaNivesh provide valuable market data to traders and the right platform and tools to build on their algorithmic trading strategies.   Disclaimer: Investment in securities market / Mutual Funds are subject to market risks, read all the related documents carefully before investing. 

read more


High Dividend Mutual Funds

Dividend mutual funds are a type of mutual fund that pays a regular dividend to the unitholders of the mutual fund scheme, thereby creating a regular source of income for them. The investment strategy of the fund manager is to invest in a basket of companies that have a steady flow of income and promise to pay periodic payment to the investors. Some investors prefer a regular source of passive income from their investments. Mutual fund schemes that offer a high dividend are a popular choice for such investors. The frequency of payment of dividends is decided by the fund manager and is usually fixed. Dividends can be paid daily, monthly, quarterly, six-monthly, or yearly, and the frequency of payment is mentioned beforehand. However, there is no guarantee on the rate and amount of the dividend to the investors and the payment of dividend is subject to the performance of the fund. There are 2 types of dividend mutual funds based upon the asset class that they invest in. 1. Dividend Yielding Mutual Fund (Equity) • Mutual fund schemes which invest more than 65% of their corpus in equity shares of companies • Like any other equity scheme, they have the potential for higher returns, but also carry a higher risk • Investors should invest in these schemes with an investment horizon of medium to long term 2. Dividend Yielding Mutual Fund (Debt) • Mutual fund schemes which invest more than 65% of their corpus in debt instruments of government and corporations like treasury bonds, commercial papers, etc. • These funds carry low risk and provide average returns to investors • Interest received from the various instruments is paid as a dividend to the investors• Investors should invest in these schemes with an investment horizon of short to medium term Tax treatment for dividend mutual funds Till now, dividend income received by the investor used to be recorded under the income head of “Income from other sources” and such income was tax-free in the hands of the investor. However, as per the Union Budget 2020, the DDT is now abolished for companies and mutual funds. From April’20 onwards, any dividend received above Rs 5000 will be taxed in the hands of the investor. It will be taxed as per the individual tax slabs for both equity and debt schemes. Only debt investors who fall in the lower slabs of 10% and 20% will pay lesser taxes on dividends. For all the others, the taxation would be higher going forward. Why should investors invest in high dividend mutual funds? Dividend mutual funds offer unique advantages to the investors, especially when the macroeconomic condition of the country is weak; these investments provide the reliability of income to investors. The benefits of dividend mutual funds which should be kept in mind while investing in such funds• Fund managers of dividend mutual funds invest in companies which can pay steady dividends and even if there is a slowdown in the economy, as companies do not want to send any negative signals, they avoid curtailing payment of dividends, thus making them less volatile than other funds.• Overall returns from these funds are less affected as compared to other funds as the dividends provide a hedge against market volatility.• In a low-interest rate regime, investors looking for a higher consistent income can opt for dividend mutual funds. Disadvantages of a dividend mutual fund scheme • Returns generated by dividend mutual fund schemes are lower as compared to growth schemes in case of rising markets• These funds are not suited for aggressive investors looking for higher returns from their investment• Moreover, with the abolition of Dividend Distribution Tax (DDT), investors in the higher tax-bracket will have to pay higher taxes on the dividend income. Role of dividend mutual funds in a portfolio Invest in dividend mutual funds with an investment horizon of 7 to 10 years for optimal returns. Investment in such funds should be a part of your strategic asset allocation and to lower the volatility of the overall portfolio. Aggressive investors can allocate less than 10% of their portfolio in such funds. Conservative investors, on the other hand, can allocate a higher percentage to these funds. Essential things to keep in mind while investing in dividend mutual funds • Conservative investors looking to invest in dividend funds should invest in large-cap funds, preferably of blue-chip companies that pay a higher dividend. Investing in companies with a higher proportion in mid & small-cap companies will increase the risk of the investment, thereby defeating the purpose of investment• Invest in a fund which has been in existence for some time and witnessed a few market cycles• Avoid investing in a fund with a small corpus to minimize risk as few wrong investment calls can significantly hamper returns• The expense ratio plays a vital role in determining the overall returns from a scheme. Choose funds with a lower expense ratio   CONCLUSION Investing in high dividend mutual funds is a good option if you are looking for a regular income through dividends. Consult our experts at IndiaNivesh to help you guide through the allocation of funds in these schemes as per your investment horizon and risk profile.   Disclaimer: Investment in securities market / Mutual Funds are subject to market risks, read all the related documents carefully before investing. 

read more

Are you Investment ready?

*All fields are mandatory

related stories view all

  • What is Side Pocketing and How it affects Mutual Funds

    What is Side Pocketing, and How it affects Mutual Funds? The mutual fund industry in India is growing at an exponential pace, and as an industry, it is continuously widening its investor base and also increasing its geographical spread. The market regulator SEBI plays an important role in the regulation of the mutual fund industry, protecting the interest of investors at all times and taking adequate measures as and when needed to boost investor confidence in both equity and debt mutual fund schemes. Side pocketing in mutual funds is one such measure taken by SEBI to protect the interest of investors in debt mutual fund schemes in case of troublesome debt in the portfolio of the scheme. What is side pocketing in mutual funds? Side pocketing in mutual funds is the creation of a separate portfolio within the fund’s portfolio for assets that are illiquid, risky or distressed at the moment and have been downgraded by rating agencies below investment grade. Such assets are ring-fenced from the other high quality, liquid assets in the portfolio to protect and treated differently for investment and redemption to safeguard the interest of old as well as new investors in the scheme. Side pocketing was introduced by SEBI in December 2018 after the IL&FS fiasco, where it failed to meet its debt obligations and repay its lenders and creditors. This, in turn, put significant pressure on various mutual fund schemes that had IL&FS papers as a part of its holdings. The complete mayhem resulted in substantial volatility in the debt and money market instruments resulting in redemption pressure in mutual fund schemes. High-quality, liquid assets in the schemes were sold by the funds to meet redemption requests resulting in increasing the exposure of remaining investors in the illiquid assets.  Side pocketing mechanism is allowed only in debt mutual fund schemes. How does it side pocketing work? Whenever a debt instrument is downgraded by credit rating agency from an investment grade to a non- investment grade, the mutual funds have an option for creating a side pocket and segregating illiquid assets from the high-quality liquid assets. The existing investors are allotted units in the leading portfolio and segregated portfolio on a pro-rata basis. No redemption and subscription are allowed in the segregated portfolio. Moreover, SEBI makes it mandatory for the fund to list the segregated portfolio on the stock exchange within 10 days to provide an exit window to the existing unitholders. Depending upon their outlook, investors can either continue to hold their investment in the segregated portfolio or choose to exit at the prevailing rate. Any future recovery from the illiquid assets is credited in the side pocket portfolio and paid to the unit holder in proportion to his holdings. Side pocketing impact on mutual funds and AMCs Side pocketing aids mutual fund schemes from selling quality assets in its portfolio to meet sudden redemption pressure in a panic situation. Creation of side pockets help insulate the remaining portfolio from troublesome debt To ensure that mutual funds do not misuse side pocketing, SEBI also suggests a list of safeguards that AMCs may implement.   Benefits of side pocketing in mutual funds Over the last few months, many debt mutual fund schemes have side pocketing a portion of its portfolio if the ratings of the investment paper in its holdings have been downgraded by the credit rating agency. Side pocketing is important to protect the interest of retail investors in case of illiquid assets because credit defaults accompanied by information asymmetry, results in institutional investors taking advantage of the situation. The benefits of side pocketing in mutual funds include- It is an important mechanism to ensure stability and reduce volatility in the debt market by addressing the issue of redemption pressure in case of troubled assets It prevents distressed assets from hampering the returns generated by high quality, liquid assets At the time of selling the segregated assets, only those investors who have units in segregated assets on the record date are entitled to the proceeds, thus ensuring a fair treatment To avoid unfair advantage of lower valuation, fresh inflows are allowed only in the non-side pocketed portfolio As side-pocketing helps curb redemptions, it helps in stabilizing the net asset value (NAV) of the scheme In case of a situation arising due to sudden illiquidity, it provides cushioning to the portfolio. The most significant benefit of side pocketing is that all investors, retail or institutional are treated at par CONCLUSION Globally, side pocketing is one of the best mechanisms to protect the interest of investors, and SEBI as a regulator ensures that it takes timely measures and imposes adequate regulations for the AMCs to safeguard the interest of investors at large. If you have any specific query or doubt about side pocketing in mutual funds schemes, contact our experts at IndiaNivesh for guidance.   Disclaimer: Investment in securities market / Mutual Funds are subject to market risks, read all the related documents carefully before investing.

    read more
  • NFO – All about New Fund Offer (NFO) in Mutual Funds

    Fund raising is an important aspect of financial planning for any company. There are many ways through which a company can raise capital from the market. However, in the case of an Asset Management Company, they can raise the capital through New Fund Offer (NFO). In this article, you will learn all the important details about NFO and its related concept. Let us begin by learning NFO meaning. What is NFO? When an Asset Management Company launches a fund, a New Fund Offer is launched to raise capital in order to purchase securities. The securities include equity and bond. During an NFO, mostly new mutual fund schemes are launched. NFO is similar to IPO expect for the fact that it is launched by an Asset Management Company. The NFO remains open for a specific period of time and the investors can apply for it during the stipulated price. On conclusion of the NFO period, the investors get the funds at the prevailing Net Asset Value (NAV) of the fund. Many times investors get confused between an NFO and IPO. In this section of the article, we will clear all your doubts regarding the same. Difference Between NFO and IPO Since IPO and NFO both aim to raise money, the investors often get confused between the two. A company brings IPO to raise capital for improving its operational efficiency. On the other hand, an Asset Management Company brings NFO for purchasing the stocks of the company, commodities, bonds, etc. The price of the IPO is much higher than its face value. But in the case of NFO, the fund's price is Rs.10 per unit in general. Let us now learn about the types of NFO. Types of NFO A New Fund Offer is of two types; Open-Ended Funds As the name suggests, the investor can enter or exit the open-ended fund at any point in time after its launch. These funds are launched when the NFO ends. When there is a New Fund Offer, the open-ended funds announces the purchase of new units on a specific date. You can purchase any number of units of these funds. The NAV of the open-ended mutual funds is reported regularly after the closure of the stock market.   Close-Ended Funds A close-ended fund is one that does not allow you to make an entry or exit after the NFO period is over. They have a fixed maturity period that ranges from 3 to 4 years from the launch date. Theoretically, you can buy or sell these funds in the market, but it is not possible to do so because of lower liquidity. Let us now learn about the advantages of investing in NFO. Advantages Of Investing In NFO Close-ended funds provide you with the opportunity to invest in new and innovative products that are not available in the case of other funds. The close-ended funds come up with hedging strategies that protect you from the downside in the market by using the put options. However, being a close-ended fund, you can invest only when the NFO period is open. The close-ended NFO mutual funds often outperform other investment avenues. This is because when an NFO is launched during the peak of the market and you invest in it, the fund manager has the authority to hold the funds and invest when the markets are favourable or more attractive. Since close-ended NFO mutual funds have a lock-in period, the fund managers are not required to sell their stocks out of panic leading to losses to the unitholders. The fund managers in close-ended funds have the time to carry out research for stock selection and accordingly invest in securities. The lock-in period of NFO immunes the investors from market panic. With a lock-in period in place, the investors would not fall for bad investment decisions. Therefore, as an investor, you would make higher returns in these funds as you remain in the market for the long term. Since there are many advantages of investing in the NFO, you must select it carefully. To help you with the NFO selection, we list down certain points that you may follow. Things to Consider Before Investing in NFO You must make a background check of the fund house. You must ensure that the NFO has a positive history of mutual fund investments and has the potential to offer good returns in the long run. Before selecting any fund for investing, you must read about the risk, returns, allocation of the asset, etc. of the NFO. Always make sure that you read the offer document carefully and understand the fund manager’s investment process. The minimum amount for NFO subscription ranges from Rs. 500 to Rs. 5,000. So choose your funds accordingly. Some of the NFOs have a lock-in period. So invest in them after considering that factor. The above mentioned are a few things to consider before investing in New Fund Offer. Investing is all about selecting the right avenues and making good returns in the long run. If you are a beginner in the market or seek any assistance in investing, you can contact IndiaNivesh. We understand your financial needs & goals and accordingly suggest the right investment option for you.   Disclaimer: Investment in securities market / Mutual Funds are subject to market risks, read all the related documents carefully before investing.

    read more
  • Mutual Funds – How to Sell Mutual Funds

    Mutual funds can make an excellent addition to your investment portfolio. However, if the mutual fund is yielding less returns than what you anticipated, you might get tempted to sell off your mutual fund units and invest the funds in other better yielding investment avenues. If you decide to make an exit from your mutual fund investment, you may do so by redeeming the units you hold. Selling mutual funds is known as mutual fund redemption. However, when you decide to sell mutual funds, you must access all the pros and cons and get a good understanding of when to sell mutual funds and how to sell mutual funds. Besides, mutual fund selling techniques play a crucial role in selling mutual funds.   This article helps you in understanding various aspects of how to sell mutual funds and its related concepts. There are four steps for selling mutual funds, let us learn the steps in detail.   How to Sell Mutual Funds   Contact the Mutual Fund Company or Financial Advisor If you have purchased the mutual funds from the mutual fund company directly, you must contact them directly. On the other hand, if the purchase is made with the assistance of a financial advisor, you can contact the advisor or his company.   Check the Fees or Charges of Selling Mutual Funds Before selling your mutual fund units, check the fees or charges that are applicable. The charges on selling mutual funds depend on the period of your holding, the company with whom you are dealing and the size of the sale. For example, if the purchase of mutual fund units is made with a deferred sales charge, you will have to pay a sales charge on it. The companies selling the mutual fund units with deferred sales charges often allow the holders to sell up to 10% of units without any charge.   Decide the Number of Units to Sell For selling the specific number of units of mutual funds, you have to submit a signed form to the respective authority. The confirmation letter signed by you ensures that no one else can sell more or less number of units than specified. The selling price of the mutual fund units is NAV of your fund.   Instruct About the Money Received on Selling Units When you sell your mutual fund units through the company or advisor, you can give them instructions regarding what to do with the money. You can ask for a cheque or instruct them to deposit the money into your bank account. You can even use the money to purchase other mutual fund units or investment.   The above mentioned is the process of selling a mutual fund. Along with how to sell mutual funds, you must know when to sell mutual funds. In this section of the article, you will learn about the right time to sell a mutual fund.   When to Sell Mutual Funds   Change in Fund Manager The expertise and experience of the fund manager is the first and foremost thing to consider before investing in any mutual fund. Fund managers help in generating wealth. But when a mutual fund company changes its fund manager for any reason, it’s the time to get cautious. It becomes important to check the expertise and knowledge of the new fund manager. If he does not fulfil your criteria, it is probably the time to sell your mutual fund units.   Change in Strategy You invest in any mutual fund after determining your financial goals. When mutual fund’s strategy meets your financial goals, you feel more confident and comfortable about your investments. But when the mutual fund company starts changing its investment strategy and that is against your approach, you may think of exiting such mutual fund.   Underperformance When the mutual fund is not giving the returns you expect out of it even after holding it for the long term, it is probably the time to exit. The best way to know the performance of your fund is by comparing it with other similar funds. If your fund is underperforming, it is not a good sign.   Rebalancing If you have a set asset model and you rebalance it at the end of each year, you may need to sell your mutual fund units. You may also think of selling the mutual fund units when your investment goals change and there is a need for rebalancing. Like for example, if you were following a growth strategy and now want to change it to a strategy that provides a steady income, in that case, you may have to sell your mutual fund units to fit in the new strategy.   Conclusion The above mentioned are a few of the situations when you may think of selling a mutual fund. However, selling mutual funds should not be an impulsive decision. It is imperative to think wisely and act smartly. Always remember that initially when you decided to invest in mutual funds, you had a positive outlook and that is why you decided to invest. Hence, make sure that your reason to exit is clear. It is ideal to carefully analyse all the pros and cons of your fund's performance and then decide when to sell mutual funds and how to sell mutual funds. Once you gain confidence in your decision, don’t hold back. If you need any assistance regarding investing in mutual funds or any other asset class, you may seek the expert advice of IndiaNivesh.   Disclaimer: Investment in securities market / Mutual Funds are subject to market risks, read all the related documents carefully before investing.

    read more