Almost everyone saves for their future. Someone deposits money in the bank, someone buys jewelry, someone invests in property, someone invests money in any government or non-government scheme etc. Amidst all this, there is one more thing where people are investing a lot of money these days and that is mutual funds. People seem to be getting good returns by investing here. In such a situation, people are investing in mutual funds even after watching each other, but perhaps you may not know that due to some of your mistakes, you may suffer huge losses. So without any delay, let us know what things should be kept in mind while investing in mutual funds. You can learn about this in the next slides...
Avoid making these mistakes while investing in mutual funds:-
Number 1
It is seen that while investing in mutual funds, people are giving more emphasis on mid and small-cap investments. In such a situation, mid and small-caps give good returns on investment but are also more affected by market fluctuations and this increases the risk of loss. Therefore investments can be made in large-cap and multi-cap funds.
Number 2
It is seen that first people invest in mutual funds, but then they stop their SIP due to market fluctuations. But even by doing this, you cause harm to yourself. Due to this you do not get good returns.
Number 3
You can get good returns in mutual funds, but it is generally seen that many people invest money in it when the shares are rising rapidly. But perhaps you do not know that one should never invest just by seeing the stock market boom. First, understand things thoroughly and only then invest.
Number 4
Many people are investing in mutual funds by seeing each other or through the new apps available these days, but if you are new then definitely invest money only after taking advice from an experienced person. Otherwise, your small mistake can cause a huge loss to you.
(PC: iStock)
