Mutual funds are generally classified according to asset classes. Most mutual funds are categorized into equity, debt, and hybrid funds.

Equity: These mutual funds invest primarily in equity stocks (up to 100%). ELSS/ tax saver mutual funds are a subcategory within equity that allows tax benefits under section 80C of the Income Tax Act, 1961, and has a lock-in period of three years.

Debt: These mutual funds invest in debt instruments like bonds, treasury bills, etc. (except equity).

Hybrid: Hybrid mutual funds invest in a combination of equity and debt investments.

A rating is a metric based on the mutual fund's historical risk and returns performance. This serves as a means to compare different funds of the same category over time. Independent agencies like CRISIL, Value Research, Morningstar, and others rate mutual funds.

A mutual fund portfolio gives you an insight into all your mutual fund investments at one glance.

Currently, NRIs won't be able to invest through our upcoming platform. Only resident Indian citizens above 18 years will be able to invest in mutual funds with Bajaj Finance.

PAN cards are mandatory for mutual fund investments. We request you to apply for a PAN before investing in mutual funds.