ETMONEY - Invest in Mutual Funds

 ETMONEY - Invest in Mutual Funds

This post is in continuation to the previous post where we discussed about starting to invest in mutual funds using the ETMONEY  platform. If you haven't gone through the previous post, I would strongly recommend going through the post first - All You Need to Know to Start Investing. 

How to select which fund to invest in? For this, if you open any fund , you will land on the homepage of that fund like below:

You can look through different insights about the fund here to understand how is the fund performing till now before proceeding with your investment. I will be discussing those in details in this blog post.

The below image shows the top section of the page which contains an overview of the fund Like the fund category, the start of duns, the motive and businesses it invests in.

Next, we can see a graph just below this section. This graph is very insightful, as we have the option to compare the returns of this fund with avg of the category in which the fund falls into in different intervals of time. I would suggest to make use of this as much as possible. Based on your goals you can check whether it would be beneficial to invest in this fund or any other fund of this category.

Just next to the side of this graph, we have the below section where we can get the information about the fund expense ratio, fund size, fund age etc.[refer image below]

The Fund Analysis and Investment Strategy Section are purely based on ETMONEY's market research related to the fund.

Fund Analysis - This section grades funds based on the risk, returns and consistency. 

Investment Strategy - This section has a small investment strategy given, in case you feel like investing in this fund.[refer the image below]

Furthermore, if we scroll down, we can see Investments Return Calculator and fund investment distribution under Large Asset & Portfolio Allocation section. 

Investments Return Calculator - calculate your returns based on the investment amount and the duration you would like to invest.This calculator, we get in the home page of each and every fund.

Large Asset & Portfolio Allocation - shows the holdings in which this fund is currently investing.

I would like to highlight one more section here - Comparison with Funds. With this section, it becomes very easy to drill down to a fund by comparing the performance of the funds falling under the same category that is collated in this section.[refer the image below]

We are also given with a Riskometer to let you know the risk you would be having by investing in this fund.

 Further we can see Fund Details like address, fund manager and a FAQ section, if you still have some unanswered questions, you can refer the FAQ section. 

Hope after reading this article, you would get a good idea of this platform and can start investing in Mutual Funds. 

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ETMONEY - All You Need To Know, To Start Investing

ETMONEY - All You Need To Know, To Start Investing

Because of so many finance management products available in the market, it gets really difficult to end up on one of them. This creates a lot of confusion to choose among them. From my personal experience, I found ETMONEY really easy and insightful to use. ETMONEY charges 0% commission for any purchase or selling of mutual funds, unlike some other apps where you need to have a Demat account that charges 1-2% commission on every purchase of mutual fund, plus, they have a Demat account annual charges as well. ETMONEY is a personal finance app like mTrakr, Wally, MoneyControl.They have their website, and you can also find it in the play store and Apple store.

You Would first need to create an account on the app before starting to invest in it. You can either use your email or any google account to log in to the app. This app offers many solutions like FDs, Mutual funds, NPS, tax calculators, life insurance, etc. In this blog, we will look into investing in mutual funds. 

Mutual Funds Investment

1) Once you log in, on the home page you can see an Investments menu at the top left corner of the page.

Navigate to Explore Top Mutual Funds Option under that.

2) Here you have 3 different options available to start looking for funds you want to invest into.

• In the below section, the funds are categorized according to their past performances - the returns, the consistency, the highs' and the lows'. If you are new to investment, start by selecting funds based on the provided categories that match your goal the most.

• If you have little more knowledge about mutual funds and how they are divided, you can choose the funds from the below section. Even here, you would find ample sub-categories that would help you shortlist the funds better.

• Furthermore, if we scroll down we can see an entire section dedicated to top-performing funds from each category of funds.

3) You can see the insights of that fund on the funds home page- its returns, consistency, age-old, type of fund, exit load, etc. You can decide to select funds by looking at those insights. Below is the list of insights you get for a fund on their website.

Apart from these, There are many more information on the funds page, which we will be discussing in future blogs. Till then, Happy investing!!!

Continued in the next post: Invest in Mutual Funds

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