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Mutual funds offer one of the most transparent and cost effective investment options to all categories of investors, irrespective of gender or financial constraints and other considerations, Surya Kant Sharma, Senior Consultant - North India, Association of Mutual Funds in India (Amfi) said on Thursday.

"To counter COVID-19 type challenges in life, financial planning has to be an integral part of wealth creation," Sharma said while delivering the keynote address for a webinar on 'Strategy for managing personal finance including mutual funds during and after COVID-19'.

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1.Mutual funds provide not only short-term investment options but also medium-term and long-term investment solutions for sustained wealth creation for all investors, he said.
2.Investment in mutual funds paves the way for better return than a savings bank account, he added.
3.When the market is volatile, mutual funds provide opportunity to switch over to debt funds for reasonable returns even during difficult times, he said, adding that it also extends handy liquidity in the era of difficult times.
4.Market regulator SEBI also mandates a riskometer for all schemes, indicating level of risk in each scheme.
5.Market regulator SEBI also mandates a riskometer for all schemes, indicating level of risk in each scheme.
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