What is stock anyway?
When corporations sell ownership in their companies to raise money, they're issuing stocks. This means when you buy stock in a company you actually own a part of that business.
Are mutual funds stocks?
Stocks represent shares in individual companies while mutual funds can include hundreds — or even thousands — of stocks, bonds or other assets. You don't have to choose one or the other, though. Mutual funds and stocks can both be used in a portfolio to help you grow your wealth and meet your financial goals.
How can I double my money in 5 years?
Here are some options to double your money:Tax-free Bonds. Initially tax- free bonds were issued only in specific periods. ... Kisan Vikas Patra (KVP) ... Corporate Deposits/Non-Convertible Debentures (NCD) ... National Savings Certificates. ... Bank Fixed Deposits. ... Public Provident Fund (PPF) ... Mutual Funds (MFs) ... Gold ETFs.More items...
What are 3 types of mutual funds?
Different Types of Mutual FundsEquity or growth schemes. These are one of the most popular mutual fund schemes. ... Money market funds or liquid funds: ... Fixed income or debt mutual funds: ... Balanced funds: ... Hybrid / Monthly Income Plans (MIP): ... Gilt funds: