Shreyaa Kapoor Instagram – If you are an absolute beginner to investing, like I was roughly 10 years back – Index funds are your holy grail. 🌟
Least cost & passive way of investing in Stock Markets. These funds are based on an underlying index like NIFTY, SENSEX, etc. and simply mirror the returns of that index. Index Funds are the most advocated way to invest by legendary investors like Warren Buffett for retail investors. 💯
You do not necessarily need a Demat account for index funds, but I would highly recommend you have one; hence, I have mentioned it in the video! If not, you can invest in them like you would in any mutual fund. 🫡
Index funds are very similar to ETFs – ETFs are better for frequent trading because you can buy and sell shares throughout the trading day, while index funds only allow trading at the end of the day. 🫡
But either one of them is IDEAL for beginners!🙌🏼
Here are some of the index funds you can get started with in 2024 – purely based on their returns and expense ratio:
Bandhan Nifty 50 Index Fund
UTI Nifty 50 Index Fund
SBI Nifty Index Fund
ICICI Prudential Nifty 50 Index Fund
HDFC Index Fund Nifty 50 Plan
The key is to get started rather than overthink which index fund/ ETF to go for!🌟
Please note this is not a partnership with any broker or fund – so do your research and choose the option that you find the most appealing! 🪴
This is honestly how I got started and if you still haven’t started your investing journey yet – this is how I would recommend you do it!🫶🏼
.
.
[investing, index funds, ETF, investing basics, personal finance, investing for beginners, investing tips, finance] | Posted on 27/Aug/2024 19:00:11
