Off course all type of credit card’s basic eligibility is your financial status. If you are first applicant of credit card then bank or credit card issuing authority will check your previous few months (minimum three months) bank’s statements, Your IT return, your income proof etc. and if you are already a credit card holders then bank or credit card issuing authority will check your previous track records, CIBIL, and other common documentation as per requirements. All banks and credit card issuing rules and regulation is mostly common in all cases.
AGE REQUIRED FOR MUTUAL FUNDS
In India there have no any minimum and maximum age limit for credit holders but most of the cases you can’t hold credit card before 18 years of age.
BOOK MUTUAL FUNDS THROUGH US
ADVANTAGES OF MUTUAL FUNDS
DISADVANTAGES OF MUTUAL FUNDS
WHAT IS MUTUAL FUNDS
Share market invest is always smart investment decision in this fast moving Indian economy. When one side bank interest rates is decreased gradually, on the other side share market or stock market is a good way of ROI of your investments. But share market or stock market investment is not for all. Especially those people who have no idea and knowledge about economy, business, commerce, industry, share market and stock markets activities. If you have no any knowledge about stock and share then it might be danger for your investments. You should be always updated aout share and stock market’s ups and down. That’s why mutual funds concept are most interesting, profitable and comparatively safe investment sectors for all types of people because in every mutual funds issuing authority there will be many mutual funds experts, fund managers who will take care of your investments. When you invest money in mutual funds it means you investing your money in share and stock market indirectly.
MUTUAL FUNDS INVESTMENT ELIGIBILITY
In India there have no any restriction in investing mutual funds. Anyone can invest in mutual fund all Indian citizens, NRIs, HUF, PIOs, Resident individuals, companies, trusts, partnership firms, cooperative societies, banking and NBFC or non banking finance corporation, registered Foreign institutional investors or FIIS, QFIs, and many other popularly known categorical investors
MUTUAL FUND INVESTORS AGE LIMIT
There have no any minimum and maximum age limit for mutual fund investment. But you should be PAN card and ADHAR card.
MUTUAL FUND INTEREST RATES OR RETURN OF INVESTMENT (ROI)
Mutual fund can give you more return which is average 10% to 20% where in fixed deposit and recurring deposit it’s difficult to get similar ROI.
HOW MUTUAL FUND WORS
In a mutual fund all funds are collected from different investors as per investor’s capacity. After that this large amount investors money are invested through mutual fund expert and fund manger due to this mutual fund manager your fund will be secure safe and profitable. As per your provided or choosing option your investment will invested in various medium capital ( MID CAP ), small capital ( SMALL CAP ), large capital ( LARGE CAP) , Bonds, government securities, and many other investment option.
MUTUAL FUND INVESTED AMOUNT
Mutual funds have no any fixed amount for investment. You can any amount as per your capacity. You start investing from 500 rupees to 500 rupees Crore. As per our suggestion if you are new investor in mutual fund then always try from minimum investment. After deeply understanding of mutual fund growth rate you can invest more amount according to your interest.
MUTUAL FUND TERM OR DURATION
No specific terms, tenure or duration in mutual fund investment. You can for any time duration. But in mutual fund there have short time-long time, low risk-high risk, minimum amount-maximunm amount calculation for good return.
MUTUAL FUND WITHDRAWL PROCESS
You can withdraw your mutual fund investment at any time except some mutual funds.
MUTUAL FUND PROCESSING FEES
No processing are there for mutual fund applications.