A 30-minute guide to managing your investments

The process : Is investment management difficult? Yes and no. Is there a method to ensure that investment management can be carried out seamlessly? Yes. And it will not take more than 30 minutes in a month.

At the time of investment, you would have decided on the financial product and the allocation of your money and, then, you would monitor the same. Here, it is recommended that the investments are carried out based on the framework decided in the Investment Policy Statement (IPS) you have made. If not, it is recommended that you have an IPS.

Every month, say the first Saturday or Sunday, allocate 30 minutes of your time to look at your finances. It could start with checking your bank statements of the previous month and verifying the transactions. Check if any unknown debits or credits have taken place. If so, contact your relationship manager at the bank.

Managing portfolio: Look at your portfolio statements across mutual funds and direct equity. If any fresh purchases have taken place, do ensure the documents and papers are in place.

Also, plot the actual expenses incurred for the household with the budget and check the expense. This will help you to keep tab on the unwarranted expenditure.

Record

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