Investing in mutual fund for the first time?

Investing in mutual fund for the first time? 

Investing in mutual fund for the first time? 

Making mutual fund investing is one of the most favored ways to create wealth, especially for beginners who want to have exposure to financial markets.

Mutual funds are a collection of stocks and bonds managed by investment professionals.

If you are planning to start investing in mutual funds be prepared to take these important broad steps – having necessary documents in hand, knowing the purpose of investment and selecting the right mutual fund schemes.

However, beginners in mutual fund investing need to know few more things to help them take a right decision.

1. Know your purpose of investment

The purpose of doing an investment should be well defined – buying a car, buying a home, child education planning, wedding planning, retirement planning, etc. Even if you don’t have any goal, you should be clear on how much wealth you are targeting to create and in what time frame.

“Always decide the “purpose of saving” and “year when you need your money back”. 

-moneycontrol

Stocks and Share Analyst

MR.K.P.PRABHAGHARAN,

KKP CAPITAL, 9894333189

Mutual Fund Advisor