Mutual funds like never before.

Introduction: Mutual funds like never before.

 The rich man invests his money in investing to get rich. The poor man spends money to buy things that make them look rich. Ambani and Adani, who are earning in crores, do they also keep their money in savings accounts and at home?

Mutual funds like never before

SBI mutual funds and Tata mutual funds are called asset management companies. By forming a private limited corporation, mutual fund sales are not permitted. By forming a private limited corporation, mutual fund sales are not permitted. What is the best place to keep the remaining money? And the credit for this goes to Shri T.T. Krishnamachari ji. He was the finance minister at that time. He wrote a letter to the PM, Jawaharlal Nehru ji. Reliance’s higher authority will not talk to them; they will talk to the fund manager. When a man earns money by working hard, no matter if he earns it from a job, or by running a shop. Whether he does any business or not, first of all, he fulfills his needs with the money he earns. And he saves the remaining money, so the question is…

Which location is the greatest for storing the remaining funds?

Ambani and Adani are earning money. Do they also keep their money in savings accounts and their homes? Let’s discuss all these things in detail. Firstly, let’s see, the remaining money we have is what we call savings. What options do we have to save them? There’s no need to think about it. Either you will keep it at home or you will keep it in a savings account. However, retaining money in either of these locations is a loss. Because when you keep your money in a savings account or at home, the money you keep gets reduced. When you are speaking with your manager about the appraisal, businesses conduct these annually. . so you should also take into account the inflation rate. The biggest question is where to keep the money. We should always keep our money where all the rich people keep that means we should invest. The rich man invests his money in investments t get rich. The poor man spends money to buy things that make them look rich making money from money is called investment but a thing is an ordinary man, who has only knowledge of his job and a shopkeeper knows only about his shop’s goods, how did he start investing when he did not know about investing? He may face loss. This is true, but before we can invest, we must first determine what possibilities are open to the average person.

Firstly there is a very old and common method, you can give money to the person on interest. Maintain an interest rate that outpaces inflation, but there is a dilemma. What will happen in that case if the money is not returned? So it’s a kind of risk. Keeping money in a savings account is also an investment but because of its interest rate is not able to beat the inflation rate. So it loses and money decreases. People mistakenly believe that savings accounts are the only place to store cash. Where your money is secured and it is easy to transfer money nut the main purpose of the savings account is we give money to the bank so it invests and we get our interest but the interest we get in a savings account is 4% and the average inflation rate is 7.5%. that is why keeping money in a savings account is considered a bad investment. That is why the savings account has become an account for transacting money. The market offers many various kinds of investing opportunities. Some people invest in gold, some people buy property. Some people put money into fixed deposits, some invest in the stock market, and still others buy corporate or government bonds. There are many such options in the market even after very few people dare to invest. One does not feel like investing money anywhere because of the risk and lack of information. You must keep in mind that risk is always present in investments; there is not a single investment in the world that is risk-free.

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