Getty Images1. One of the five categories under Sebi’s mutual fund classification is Solution Oriented Schemes which allow investors to pick customised portfolios for a particular goal of investment.
2. The portfolio of these funds can be equity, debt or hybrid oriented.
3. Solution oriented funds usually have a lock-in period of five years to encourage investors to remain invested for a longer duration as the investment horizon is long term.
4. Some of these solution oriented schemes also offer tax saving benefit under Section 80C.
5. Retirement planning mutual funds and cildren’s gift mutual funds are popular solution oriented mutual funds.
(Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)
2. The portfolio of these funds can be equity, debt or hybrid oriented.
3. Solution oriented funds usually have a lock-in period of five years to encourage investors to remain invested for a longer duration as the investment horizon is long term.
4. Some of these solution oriented schemes also offer tax saving benefit under Section 80C.
5. Retirement planning mutual funds and cildren’s gift mutual funds are popular solution oriented mutual funds.
(Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)
(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)