Who Can Invest In Mutual Funds?

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Anyone - Individuals, Corporations, HUFs and NRIs – can invest in mutual funds. There is no minimum or maximum age either.

Are mutual funds for me? Can I invest in them? These are common questions that a lot of investors have. The simple answer: Of course!

There are no restrictions on who can invest in mutual funds. Any individual, even minors and NRIs, can invest in Indian mutual funds. Not just individuals, any legal entity such as partnerships, corporates, and HUF can all invest in mutual funds.

The more important question to ask: What mutual funds can I invest in? There are different types of funds and each investor would have a different investment objective. For example, a company might want to invest its surplus income until such time it needs the money to be reinvested back in the business; a landlord might want the advance money received on a house he is subletting to earn an income instead of sitting idle; a young parent might want to start saving for his child?s education; and a middle-aged professional might be planning her retirement fund. How much money each of these entities have to invest differs as does the time they have on hand and the amount of returns they are expecting.

Different funds would help achieve these different financial goals. A financial advisor is therefore, really helpful in determining your goals and giving shape to your investment portfolio. Haphazard investments are a lot more riskier and a lot less riskier than well-planned and executed ones. It is important to both educate yourself about the basics and to seek expert guidance. Financial advisors such as Wealth Central help you do just that! It does not matter whether you are 8 or 80, investing in mutual funds is a very feasible option with the right guidance in choosing the fund.