Mutual funds are a convenient and low-cost way for retail investors to build long-term portfolios that are managed by experts. Compared to owning stocks directly, mutual funds are generally safer as they are highly diversified portfolios, with each fund owning over 50-100 stocks. Also, mutual funds operate under strict regulations by SEBI to handle your money safely and strictly as per their declared mandate.
Having said this, stocks do offer many compelling investment opportunities as well and Mighty will be launching its direct stocks product around mid-2023. Stay tuned for more on this!
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