What is the minimum investment amount required to start investing in equity mutual funds?
Rs. 100
Rs. 500
Rs. 1000
Rs. 5000
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What are the two main investment benefits highlighted for equity mutual funds?
High liquidity and tax benefits
Professional management and low cost
Diversification and capital appreciation
Short-term growth and long-term growth
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Which tax benefit scheme is specifically mentioned for certain equity mutual funds?
Section 80C of the Income Tax Act
Section 80D of the Income Tax Act
Section 80G of the Income Tax Act
Section 80TTA of the Income Tax Act
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What is the recommended minimum investment duration for investors considering equity mutual funds?
Less than 1 year
1-3 years
3-5 years
More than 5 years
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According to the text, what type of investment instrument are equity mutual funds considered a better alternative to for long-term returns?
Savings accounts
Fixed deposits
Bonds
Real estate
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