It is indeed a blessing that the avenue of Mutual Funds is available for those who want to participate in the Stock Market but don't want to allocate time for this. There is so much of literature available about Mutual Funds, but a few tips from us:
- Understand the period of investment. If you are investing for three years and above, a fund with high equity will be suitable. If you are investing for one year, fund with high debt content will be suitable. If you are parking your surplus for a few months, liquid funds may be the right choice for you.
- Choose the fund which has been rated ‘5 Star’ by reputed agencies like Value Research, India.
- Go by the ‘Systematic Investment Plan’ (SIP) route to minimise the fluctuations in the Stock Market.
- Make the investments based on the plan given by your Advisor.
The above steps give one a 'simple and happy' approach. There are many of our friends who have done this and are pleased with their results.
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