How can I get rich if I make 50000 a month?
Some of the popular investments are PPF, FD, EPF and even mutual funds. To get Rs 50,000 a month, you have to accumulate a sizeable amount. Some of the investments which help you accumulate a sizeable corpus are PPF, Fixed Deposits, Mutual Funds particularly equity mutual funds. Let’s narrow down two investments.
How can I generate wealth in India?
Manish Goel
- Get the basics of personal finance right. To create wealth, it is important to invest a portion of your monthly income and spend whatever is left.
- Develop a wealthy mindset.
- Invest in the right instruments.
- Start investing in equity as early as possible.
- Be patient with your investments.
How many people invest in mutual funds in India?
However , in the last 10 years, there has been a phenomenal demand for investing in mutual funds and around 20,00,000 crore people have invested in it. In India, the population of Indians who have invested in mutual funds is about 2\%, but keeping in mind the population of India, that is still a large number.
What is the maximum allowed expense ratio in mutual funds in India?
Currently, in India, the expense ratio is fungible, i.e., there is no limit on any particular type of allowed expense as long as the total expense ratio is within the prescribed limit. The regulatory limits of TER that can be incurred/charged to the fund by a Mutual Fund AMC have been specified under Regulation 52 of SEBI Mutual Fund Regulations.
How much do mutual funds charge for new inflows?
In addition, mutual funds have been allowed to charge up to 30 bps more, if the new inflows from retail investors from beyond top 30 cities (B30) cities are at least (a) 30\% of gross new inflows in the scheme or (b) 15\% of the average assets under management (year to date) of the scheme, whichever is higher.
How many Crores does mutmutual have in total?
Mutual fund has Rs 3,93,140 crores out of overall Rs 1,34,17,160 financial assets. The percentage is very low but its growing. Mutual fund investment is one of the safest and intelligent ways to build a huge investment corpus.