Monday, February 23, 2015

Investing For First Time...

In India, for some unknown reasons, most would-be investors are introduced to mutual funds through equity schemes which are high-risk in nature, while logic demands that they should first invest in low-risk funds like liquid and money market funds. From then on, ideally, the path should include introducing the first time investors to bond funds, balanced funds, and then -slowly -to various types of equity funds. The idea behind such a plan is to handhold the first-timers from low-risk schemes to the ones which carry higher risks.

In addition to investing in liquid funds, first-timers should also remember not to invest a large sum of money in one go. Rather, they should start with a small amount and invest regularly, say every month. As they do that, they should also get used to the various processes of investing and redeeming their money , like systematic investment plans (SIPs), systematic transfer plans (STPs) and systematic withdrawal plans (SWPs).They should also use technology like investing via SMSs, net-banking, ECS, etc. Along with these, such investors should also be educated about the virtues of long-term investing and tax advantages, among other factors.

Action Plan:

 Start with low risk schemes and move up the risk-reward matrix h Invest regularly and in a disciplined manner

 Get introduced to the SIP, STP, SWP modes of investing and use SMSs, net & phone banking, ECS, etc


 
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