Business

Former Indian cricket stars Sachin Tendulkar and Mahendra Singh Dhoni have advised on increasing savings by 3 to 6 times in 3 years. Mutual funds, with a starting investment of just 500 rupees, can help achieve this. Mutual funds offer a better option for investment, allowing for potential high returns while managing risks. By understanding the basics of mutual funds, investors can harness the power of mutual investments and benefit from professional management at a relatively low cost. Differentiating between direct and regular mutual fund plans is essential to maximize returns, as direct plans offer lower expense ratios and higher returns. It is possible to start investing in mutual funds with as little as 500 rupees or even 100 rupees in some cases. Various small-cap mutual fund schemes have provided significant returns, with some turning 1 lakh rupees into 6.24 lakhs in 3 years. However, it’s always advisable to consult a financial advisor before making any investment decisions.