You may have been advised on how to invest in a Mutual Fund, but do you really know where to begin?
Allow us to Explain:
COUNT THE CHANGE
Whether you know which Funds match your risk and return profile or not, start investing small amounts like ?500 or ?1000 every month
INVEST MORE OVER TIME
By starting small, you can take baby steps and adjust your investment plan according to your comfort. This lowers risk.
As you get more comfortable with investing in Mutual Funds, slowly increase your exposure to different kinds of Funds over time.
INTEREST RATE CYCLE
Generally, investors flock to Debt Funds when they expect interest rates to fall During these times, prices rise as the rates fall, thus increasing returns.
GOLD WITH RESERVE CASH
Every time you have any reserve money left, invest it equally between Liquid Funds and Gold Funds/ETFs for a rainy day.