A mutual fund pools money from multiple investors to invest in stocks, bonds, or other securities managed by professional fund managers.
For most SIPs, you can start with as low as ₹500 per month. Lumpsum investments usually require a minimum of ₹5,000.
Equity mutual funds held for over 1 year are subject to Long-Term Capital Gains (LTCG) tax of 10% on gains exceeding ₹1.25 Lakh. Held for less than 1 year, they are taxed at 15% Short-Term Capital Gains (STCG).
