Mutual Fund is a trust that collects money from a number of investors, who share a common investment objective. Then, it invests the money in equities, bonds, money market instruments and/or other securities. Each investor owns units, which represent a portion of the holdings of the fund.
Types of Mutual Funds
Equity or Growth Funds:These invest predominantly in equities i.e. shares of companies with a primary objective of wealth creation or capital appreciation.
Income or Bond or Fixed Income Funds:These invest in Fixed Income Securities, like Government Securities or Bonds, Commercial Papers and Debentures, Bank Certificates of Deposits and Money Market instruments like Treasury Bills, Commercial Paper, etc. which are relatively safer investments and are suitable for Income Generation.
Hybrid Funds: These invest in both Equities and Fixed Income, thus offering the best of both, Growth Potential as well as Income Generation.
Mutual Funds offered by SSFB+
ICICI Prudential Mutual Fund
HDFC Mutual Fund
Reliance Mutual Fund
Aditya Birla Sun Life Mutual Fund
SBI Mutual Fund
UTI Mutual Fund
Kotak Mahindra Mutual Fund
DSP BlackRock Mutual Fund
Franklin Templeton Mutual Fund
Invesco Mutual Fund
Mirae Mutual Fund
Tata Mutual Fund
With a view for ease of transaction, we bring you Investment Online - An online service offered to all Investors having an SSFB Savings Account that will enable you to transact online. With the Investment Account, you have complete control over your mutual fund transactions, to purchase, redeem and switch funds and investment preferences at will with the added convenience of investing from the comfort of your home through Internet Banking. SSFB Savings Account is linked to Investment Account, which is debited on purchases of Mutual Funds. NAV and other details for all your holdings can be viewed easily. Redemption and Dividend pay-out is directly credited to your SB Account. Only Mutual Funds that are purchased through the Investment Account can be redeemed through this service.
To be eligible for Investment Account:
The applicant needs to be an existing SSFB account holder
The applicant needs to be KYC Compliant
The Savings Bank Account status has to be Single or Either/Survivor
If you are an existing SSFB customer and haven’t opened an Investment Account yet, To Register Download Form. After filling up the application form along with KYC application please submit the same to the nearest SSFB Bank Branch.
Systematic Investment Plan (SIP)+
Systematic Investment Plans, called SIP, help you create wealth over the long term through small and periodic investments. By making small, disciplined savings in mutual fund schemes over a period of time, these plans bring you closer to realising your financial goals.
Systematic Investment Plan (SIP), enables a regular investment into a scheme, much like a bank recurring deposit. The essence of SIPs is that when the markets fall investors automatically acquire more units. Likewise, they acquire lesser units when the market rises. This means that you buy less when the price is high whereas you buy more the price is low. Hence the average cost per unit drops down over a period.
Systematic Investing means:
Investing a fixed amount
Investing for a continuous period
Investing at regular intervals
It is a disciplined way of saving.
You can start small, with investments as low as Rs. 500 per month.
Diversification reduces the risk of ‘timing the market’.