An equity fund is a mutual fund that invests in shares of different companies which are listed on a stock exchanges such as the Bombay Stock Exchange or National Stock Exchange. Returns of Equity mutual funds are linked to market fluctuations & hence they are considered riskier when compared to debt Mutual Funds. However, Equity mutual funds can potentially provide higher returns when compared to other mutual fund types, such as Debt funds.Equity mutual funds can help you grow your money at a rate that beats inflation which makes such them ideal for goals which are many years away, such as funding your retirement or saving for your child’s education.
in the long term when compared to other fund types like debt mutual funds
Equity Funds like ELSS offer tax savings of up to Rs. 46,800 under Sec 80C of the Income Tax act 1961, provided investors remain invested for at least 3 years
Funds are managed by professionals & hence you need not keep a regular eye on the stock market
Allow for diversification across different types of stocks & sectors
Ideal for people looking for capital appreciation over a long-term
with as low as Rs 500 per month via a SIP
Equity funds can be categorised based on various factors such as; the size of listed companies they investin, the investment style, the geography/sectors they focus their investments. Below are a few popular categories of equity Mutual Funds
To know more about investing in Mutual Funds funds refer our blog articles here : www.dbs.com/digibank/in/learn/investment.page
No, you can invest in equity Mutual Fund via your regular investment account on DBS Bank.
Among the various types of equity Mutual Funds, only Tax Saving Mutual Funds (ELSS) Funds have a lock-in period of 3 years from the date of investment.
Based on you risk appetite & investment horizon you can choose from a wide array of equity Mutual Funds on DBS Bank. The DBS Bank app will also prompt you in case you choose a fund which is above/outsideyour risk profile. To know about the top performing equity Mutual Funds refer our report here
Disclaimers
*The information herein is prepared and furnished by Morningstar. The fund report is for your reference and information only. Specifically, such content/report is not intended nor shall it be construed as financial, tax or other advice or as an offer, solicitation or recommendation of securities or other financial products. DBS shall have no liability for any direct, special, indirect, consequential, incidental damages or any other loss or damages of any kind arising from any use of this content/report here in (including any error, omission or misstatement therein, negligent or otherwise) or further communication thereof.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.