On this auspicious occasion of Diwali, you can gift SIP (Systematic Investment Plan) or any mutual fund to secure your children's futures because the stock market is continuing to accelerate. So far this year, Sensex and Nifty have given returns of up to 21%.You have a great chance to take advantage of these tremendous returns.
Experts say that the money of the mutual fund seems to be in the market, but in this, it does a job knowledge for you, which reduces the risk in the market.
Mutual fund selection
First of all, you have to decide what is your investment objective, how much you can invest and how long you can stay in it.If you have to invest for a year or two, then there will be separate mutual funds for that. If you have to invest for 5, 7, 10 years or more, then there will be other mutual funds for that.
It is clear that the choice of correct mutual funds depends on the fact that what is your investment term. For example, if you are investing for a short duration, you can choose debt funds or liquid funds. If you are investing for a long duration, then equity mutual funds will be right for you.
How to choose good funds
There are thousands of mutual fund schemes in the market. All claim that they are the most different. This is the reason that the investor selects a mutual fund without thinking, which becomes a problem later on. We will solve your problem here. You can invest only by following some rules and choosing a good mutual fund. In the selection of mutual funds, four things have to be kept in mind - Performance, Risk, Management, and Cost.
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