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A mutual fund pools money from many investors and invests it in shares, bonds or other securities according to the scheme's objective. It is managed by professional fund managers and regulated by SEBI. You own units of the scheme, and the value of each unit is its NAV.

Net Asset Value is the price of one unit of a scheme. It is calculated at the end of each business day as the scheme's assets minus liabilities, divided by the number of units outstanding.

Mutual funds are regulated, but they are not risk-free or guaranteed. Equity funds can fall sharply in the short term, and even debt funds can lose value. Every scheme shows a riskometer, from Low to Very High. Choose based on your time horizon and comfort with volatility.

A Systematic Investment Plan invests a fixed amount at regular intervals, usually monthly. It builds discipline and spreads your purchases across market highs and lows. A SIP does not guarantee profit or protect against loss.

It depends on your situation. If you earn monthly and are investing from salary, a SIP is natural. If you have a large amount available, you can invest it at once or stagger it over time using an STP. We help you think it through based on your time frame.

A Systematic Transfer Plan moves money from one scheme to another at regular intervals. A Systematic Withdrawal Plan lets you withdraw a fixed amount regularly from your investment, for example to fund expenses.

The annual fee charged by the fund house for managing a scheme, expressed as a percentage of assets. It is already reflected in the NAV; you are not billed separately.

A fee some schemes charge if you redeem within a specified period. The details are in each scheme's documents, and we point them out before you invest.

KYC (Know Your Customer) is a one-time identity verification required to invest in mutual funds, done through SEBI-registered KYC agencies. You typically need your PAN, address proof, bank account details and a photograph or e-KYC verification. We guide you through it.

Most open-ended schemes allow redemption on any business day, with proceeds credited after a few business days depending on the scheme. Some schemes have an exit load, and ELSS funds have a 3-year lock-in.

Tax on mutual fund gains depends on the type of scheme and how long you hold the units, and the rules are revised from time to time. Please confirm the current position with a qualified tax professional before making decisions.