Finance
Types of Mutual Funds from Mirae Asset
Mirae Asset Mutual Funds was established in 1997 in Asia. It is a mutual fund division of the South Korean company – Mirae Asset Financial Group. It has the global capacity to offer competitive services to investors all around the globe. It has been registered across 5 continents and in over 12 countries.
Mirae Asset aims to deliver fiscal strategies that are insightful and help the investors through their varying products. It has been catering to the Indian market since 2007 and over the last 3 years, it has gained stability in the significant growth of its Assets under management (AUM).
A few key features of Mirae Asset mutual funds are as follows:
- It provides stability in its performance to all investors.
- It has seen the fastest growth in the market in accordance to investor base.
Mutual Funds Offered by Mirae Asset Mutual Fund
Mirae Asset Mutual Fund provides 8 different types of mutual funds in different classes including fixed income funds, equity funds and thematic funds. Let’s look at the 3 categories of the Mirae Asset mutual fund schemes:
- Fixed Income Funds- These funds provide fixed income through low risk investments made under debt vehicles. These fixed income funds are offered with both mid-term and short-term options. Therefore, these mutual funds prove to be excellent investment options if you wish to get returns from surplus money sitting idly in your accounts. This scheme provides immense potential in making your investments grow.
Funds offered under fixed income mutual funds include Mirae Asset Short-Term Bond Fund, Mirae Asset Ultra Short-Term Bond Fund, and Mirae Asset Cash Management Fund.
- Equity Funds-These Mirae Asset mutual fund schemes make an investment in the equity market or the stock market. Since these markets are very dynamic, they can offer many opportunities to get high interest rates. However, since the volatility of the market is very dynamic, these funds are classified on the basis of the risk they pose, i.e., low or high.
Mirae Asset currently offers two equity products including Mirae Asset India Opportunities Fund and Asset Emerging Bluechip Fund. These two Mirae Asset mutual fund schemes are well connected to the equity vehicles and are novelty products.
- Thematic Funds- These funds are targeted as China-specific funds or emerging market funds. They generally include equity vehicles where money is invested in open-ended funds. These funds belong to a specific market segment.
Mirae Asset provides three kinds of thematic funds.
- The Mirae Asset India-China Consumption Fund is offered for the consumption-oriented growth of the said countries.
- The Mirae Asset China Advantage Fund is for making investments into firms and companies that are local to China.
- The Mirae Asset Global Commodity Stock Fund is provided for making investments in equity funds of companies which are involved with the commodities in emerging markets.
Mirae Asset SIP Benefits
Mirae Asset SIP provides many benefits to the investors which are as follows:
- It enables investors to invest a fixed amount, decided by them, at regular intervals. This helps in bringing down the average cost of their units.
- It helps in generating sizable wealth. This is because regularly investing for a long time period accumulates a large corpus through compounding effect.
- SIP helps in meeting the investors’ financial growth. Through the fixed amount of money being invested regularly, the investors get huge returns, enabling them to achieve any long term financial goal that they have.
- It is also very convenient to get as investors need only a single ECS to start their SIP.
A cold wallet or offline wallet is considered the best way to store and use cryptocurrency. It is an encrypted device designed as a single access point for your crypto coins and digital currencies.
The advantage of using a Cold Wallet is that it is accessible only by you and no one else. These types of wallets are also known as hardware wallets and they act as a vault for your cryptocurrencies.
Unlike hot wallets, cold wallets are not connected to the internet. This is what makes them safer and better. This post will cover information about cold wallets and how they can be helpful.
Reasons To Use A Cold Wallet
Using cold wallets to store your crypto coins can be beneficial to you in many ways. If you are using this type of wallet for the first time, you should take note of the pointers below.
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The private key is not exposed
When using a cold wallet, you don’t need to expose your private key online. The only place it is required is on your encrypted hardware device. This keeps your private key safe from hacking and cyber threats.
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Can store multiple cryptocurrencies
Cryptocurrencies don’t occupy a lot of storage space. There’s no limit on the number of crypto coins an offline storage system can store. Some cold wallets allow you to store multiple crypto coins at the same time.
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Pin protection
The best thing about cold wallets is the pin protection. Let’s say, someone gets hold of your cold wallet and tries to open it. Without the pin code, the person cannot access your cold wallet. After 3 attempts, the person will automatically get locked out.
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Transaction verification
Every cryptocurrency transaction you make needs to be verified via your cold wallet. So, without gaining access to your encrypted cold wallet, no one else can make a transaction. Just keep the device hidden and away from everyone’s reach.
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No virus
Most viruses are designed to impact system software. But since a cold wallet is a hardware-based device, it will remain unaffected by viruses. With cold wallets, you don’t need to worry about the safety of your crypto coins getting compromised.
Cold wallets have been around for many years. If you are a regular crypto investor and need a crypto storage wallet, you should go for a cold wallet.
Many of us struggle to save our money from whatever we earn so that we can lead a nice and bit more than ordinary life. However, saving is a task which takes time and it is often hard to save a fixed amount every month. Rather than thinking of saving a small amount every month, why not think of earning something extra? Stock trading is that one field or market where you can earn a great amount of money in the shortest time. But, it is not as easy as it seems. If you are new to the stock trading, then there are certain things you need to look for to avoid losing for the very first time itself.
Here, we are sharing a beginner’s guide to help you with stock trading:
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Keep your funds aside:
The first thing which is also the most important one is to understand that you shouldn’t put all your savings and money in the stock trading. You should always have a fixed monthly amount which you can afford to invest and even if you are not getting it back and losing, it is not impacting you a lot.
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Gain some knowledge:
It is normal that when you will decide to enter the field of trading, there will be many who will suggest many things. Don’t trust people blindly, they may have gained some profit with their ways, but it is not mandatory that it will work for you. So, gather some knowledge and read some materials on stock trading.
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Hire a broker:
Accept it or not, but the facts remain the same. No one can excel at stock trading merely by reading some materials and doing it part-time. One needs to get into the field, analyze the market, takes a risk and then he/she can know how the market works. So, avoiding putting your savings at stake all the time and getting certain returns, it is better that you hire a broker. A broker is aware of all the ups and downs of the market, and he knows on which stock to invest getting you a certain return.
Stock trading is a booming market which is never at rest, but it is not something that everyone can know about. You must know how to deal with many things to deal with the best and the safest way.
