How to make the most from Mutual Funds: Tips for salaried
How to make the most from Mutual Funds: Tips for salaried
Mar 21, 2023
Rajeev Kumar
Mutual funds can help salaried people in achieving their financial goals. But often they face a dilemma when choosing mutual fund schemes. Here are some tips that will help
Mutual funds can help salaried people in achieving their financial goals. But often they face a dilemma when choosing mutual fund schemes. Here are some tips that will help
Invest in Equity Linked Savings Scheme (ELSS) to save tax
Invest in Equity Linked Savings Scheme (ELSS) to save tax
Invest in short-term debt funds to build contingency fund
Invest in short-term debt funds to build contingency fund
Invest in equity funds for wealth creation in the long term
Invest in equity funds for wealth creation in the long term
Invest in debt funds for lumpsum investment and short to medium-term goals
Invest in debt funds for lumpsum investment and short to medium-term goals
While choosing a mutual fund scheme, always analyse and compare various schemes based on factors such as expense ratio, past and current performance, quality of investments in the portfolio, etc
While choosing a mutual fund scheme, always analyse and compare various schemes based on factors such as expense ratio, past and current performance, quality of investments in the portfolio, etc
It’s important to maintain an adequate level of diversification while investing in mutual funds.
It’s important to maintain an adequate level of diversification while investing in mutual funds.
Investors often feel that they need to put in a large sum of money to fetch substantial returns. That’s not true.
Investors often feel that they need to put in a large sum of money to fetch substantial returns. That’s not true.
You can invest as little as Rs 500 every month through SIPs. You can always scale it up with an increase in your income.
You can invest as little as Rs 500 every month through SIPs. You can always scale it up with an increase in your income.
Even a contribution of Rs 2,000 a month can fetch Rs 200,000 in 20 years if the annualized rate of return in 12%.”
Even a contribution of Rs 2,000 a month can fetch Rs 200,000 in 20 years if the annualized rate of return in 12%.”
Lastly, mutual fund investments are subject to market risks. Therefore, always consult a financial advisor to make the most from your investments.
Lastly, mutual fund investments are subject to market risks. Therefore, always consult a financial advisor to make the most from your investments.