May 26, 2016
There is a common misconception prevailing among the clients that mutual funds invest only in stocks. Due to this reason the clients who do not aim at capital appreciation are stimulated away from mutual fund investing. They often stick to the age-old saving method or invest in gold. CCI understood the severity of this issue and organized a client summit to bring about the awareness on different schemes provided by the mutual fund companies.
Clarifying the doubts of clients, Mr. Vinod Agrawal focused on the schemes like equity, debt and hybrid. He conveyed to the people the actual motive of mutual funds. He made it clear that however mutual funds are known as a proxy to stock investment, they also invest in money market instruments. Along with providing aggressive schemes like equity-oriented, they provide various other fixed income plans like debt funds. Hybrid funds come with twin benefits of growth and security attached to them. Mr. Vinod Agrawal discussed the various advantages of mutual funds and also shared the statistics as to how they are a better investment option as compared to other avenues of deploying client’s money. The meeting’s motive was fulfilled as the clients were able to know that mutual funds offer different schemes to accommodate each and everyone’s needs.