Finsafe’s Mrin Agarwal, Capitalmind’s Deepak Shenoy, IIFL Securities’ Anuj Gupta shared with Money9 their expert insights on traditional asset classes in relation to new and emerging asset classes.
“The thing with cryptocurrency is that it is a digital currency that is being traded. If you compare it with mutual funds then the mutual funds are monitored by professional fund managers, based on research. The process is different. The minimum investment amount is less in mutual funds. For example, in P2P the minimum investment is Rs 1,00,000 whereas in mutual funds it is rs 1,000. It is a completely different product set. Mutual funds are for core allocation goals. Cryptocurrency is not for core allocation,” said Mrin Agarwal
“First-time investors in stock markets are generally influenced by advice from friends and news events. After a point of time, they realise it is better to invest in mutual funds. The tax factor also plays a major factor in the decision of the investor,” said Deepak Shenoy.
Watch the full video for more insights…
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