Investing in mutual funds is definitely not as simple as investing a large amount of capital and then withdrawing is once you earn profit. It involves many more activities like setting financial goals, identifying investment opportunities that match with your goals, understanding the difference between short-term and long-term investments, maintaining the required diversity in your portfolio, rate of returns, power of compounding and understanding the taxation on returns. Basically, investing in mutual funds is not as simple as you think and you need an expert’s guidance to ensure the safety of your hard-earned money. And in order to invest in mutual funds, you do not even need to have a huge chunk of money to invest all at once. You can also choose to invest using SIP wherein you can invest as low as Rs.500 every month. Moreover, even if you have the required amount to make a lump sum investment, it is recommended to invest using SIP as it will help you get an advantage of Rupee-Cost-Averaging, Power Of Compounding and it is also Less Stressful.
A financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning without any cost on: http://bit.ly/Robo-Fintoo
Disclaimer: The views shared in blogs are based on personal opinion and does not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the sole decision of the investor and the company or any of its communication cannot be held responsible for it.
Stay up-to-date with the latest information.