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Over 250 top rated mutual funds to choose from

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Simplified SIPs through UPI Mandate

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What are different types of Mutual Funds?

Different types of Mutual funds include equity funds, debt funds, hybrid funds, theme-based (sectoral) funds, index funds, Tax-saver (ELSS) funds etc. Different types of Mutual Funds make it possible for everyone to invest as per their risk appetite and return expectations.

Equity Funds

Equity funds are those which primarily invest in stocks or equities. The goal is to achieve capital appreciation over the long term. They offer the potential for higher returns but also come with higher risk due to stock market volatility.

Debt Funds

Debt funds are those which invest in fixed-income securities such as government bonds, corporate bonds, and municipal bonds. They are known for providing regular interest income. They are typically considered to have lower risk compared to equity funds.

Money Market Funds

Money market funds are the type of mutual funds which invest in short-term, highly liquid, and low risk securities like Treasury bills and commercial paper. These funds focus on preserving capital and providing safety and liquidity. They are a low-risk option for parking funds.

Hybrid Funds

Hybrid funds, also known as balanced funds, are the type of mutual funds which combine investments in both stocks (equities) and bonds (fixed income). They aim to strike a balance between growth and income, making them suitable for investors seeking a middle-ground approach.

Index Funds

Index funds are those funds which aim to replicate the performance of a specific market index, like the BSE S&P 500 or the Nifty 50. These funds typically hold the same stocks in the same proportions as the index they track. They are known for their low expenses and aim to match the returns of the underlying index.

Sector/Theme-based Funds

Sector funds, also known as theme-based funds, are those types of Mutual Funds which invest in a specific industry or sector of the economy, such as technology, healthcare, or energy. They provide an opportunity to focus on a particular area of interest or expertise, but they can be riskier due to their lack of diversification.

ELSS Funds

Equity Linked Savings Schemes (ELSS) are a category of mutual funds in India that offer tax benefits under Section 80C of the Income Tax Act. ELSS funds primarily invest in equities, providing the potential for capital appreciation. They have a lock-in period of three years, the shortest among all tax-saving instruments. ELSS funds are popular for tax planning as they allow investors to save on taxes while participating in the stock market, offering the dual benefit of potential returns and tax deductions.

How to create a mandate for an SIP?

To create a autopay mandate for an SIP on Rise app, you will have to follow the given steps:-

Select the mutual fund you wish to invest in and choose SIP as the mode of investment

Click on Invest Now and choose your bank account on the next page

Select Pay Via UPI as your payment type

Complete the payment on the UPI app by entering your UPI pin.