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Description
Mutual funds have been a hot favourite among millions of people all over the world in the last decade. Investment in mutual funds gives more return on the investment made than the income received in the form of fixed deposits, life insurance and even bonds so they can get into the investment with a little capital and be able to gain higher interest rates than other investment avenues. One can own a string of equity, balanced fund, tax- saving and index funds like SBI, ICICI , HDFC, UTI etc., thereby giving mutual funds an opportunity to join big companies that is otherwise unlikely for a small amount of investment ordinary investor.
