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Showing posts from January, 2020

Choosing the ideal investment advisor

Why do you really need an investment advisor? Let’s talk about mutual funds. In the era of ET Money, PayTM where you can invest on the go with a single click, do you really need a piece of expert advice? No, you don’t unless you are willing to carry out research on your own of at least 2500+ mutual fund schemes offered by 44 fund houses in India. An ideal investment advisor won’t recommend a mutual fund scheme just because he has the distribution license with him or which earns him the highest commission. An investment advisor should have carried out a full-fledged research showing the rationale to invest in the scheme. Anyway, you should always ask your investment advisor about his research in terms of: Legacy of the mutual fund company Background, history of the fund manager O bjectives of the mutual fund scheme The risk profile of the mutual fund scheme (Always remember – you can control the risk but not the returns) R eturns of the mutual fund the s...