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 A: Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of securities like stocks, bonds, and other assets. They are professionally managed by fund managers who aim to generate returns for investors according to the fund's stated objectives. 

 A: SIP stands for Systematic Investment Plan. It's a method of investing a fixed amount regularly (e.g., monthly) into a chosen mutual fund. The main benefits include Rupee Cost Averaging (buying more units when prices are low and fewer when high, averaging out the cost), Power of Compounding (returns generating further returns), and fostering financial discipline. 

 A: Mutual funds carry market risks, meaning their value can fluctuate based on market performance. While not risk-free, they offer diversification (spreading risk across multiple assets) and professional management, which can help mitigate some risks compared to direct stock investments. It's crucial to understand the fund's underlying assets and your own risk tolerance. 

 A: Choosing the right mutual fund involves considering your financial goals (e.g., retirement, child's education), risk appetite, investment horizon (short-term vs. long-term), and the fund's past performance and expense ratio. Our advisors at TrueInsure provide personalized recommendations to help you make an informed choice. 

 A: NAV stands for Net Asset Value. It represents the per-unit market value of a mutual fund's assets after deducting liabilities. It's the price at which you buy or sell units of a mutual fund. NAV changes daily based on the market performance of the fund's underlying investments. 

  A: Rupee Cost Averaging is an investment strategy that reduces the impact of market volatility by investing a fixed amount regularly. With SIP, when the market is down, your fixed investment buys more units, and when the market is up, it buys fewer, effectively averaging your purchase cost over time. This helps in mitigating the risk of timing the market. 

 A: Yes, you can invest in Equity Linked Savings Schemes (ELSS), which are a type of mutual fund specifically designed for tax savings. Investments in ELSS qualify for deductions under Section 80C of the Income Tax Act, offering both wealth growth potential and tax benefits. 

 A: You can start investing in SIPs with amounts as low as ₹500 per month for many mutual fund schemes. For lump sum investments, the minimum amount typically starts from ₹1,000 or ₹5,000, depending on the fund. TrueInsure can guide you on funds suitable for your desired investment amount. 

 A: You can monitor your mutual fund investments through regular statements from the fund house, by checking the NAV daily on various financial websites, or through your TrueInsure investment dashboard. Our advisors also provide periodic reviews and performance updates for your portfolio. 

 A: Investing through TrueInsure offers significant advantages: personalized expert advice tailored to your goals and risk profile, unbiased recommendations from a wide range of fund houses, simplified paperless onboarding, portfolio tracking and rebalancing support, and assistance with all your investment-related queries, ensuring a more informed and hassle-free investment journey.