7 Mistake to Avoid When Investing in Tax Saving Mutual Funds
Investing Without A Goal &
Understanding Your Risk Profile
Knowing your investment goals helps give you direction, stay focused and disciplined through your investment journey.
Time The Market
Invest using SIP and stay invested for long to generate wealth.
Stop Investing When
The Market Are Down
Keep investing through SIP and keep a tab on your emotions across market cycles.
Not Considering Impact Of Inflation
Ignoring the impact of inflation on investment can make huge dent in your financial plan. Know the real returns of every product before investing.
Selecting A Product Without
Doing Proper Due Diligence
It is imperative to check whether your investment objective matches with that of the schemes’ you are investing in. Invest only after doing proper research.
Reshuffling Your Investment
Taking decisions based on rumors is not advisable. Frequent churning attracts exit loads and in turn affects wealth creation.
Putting All Your Eggs
In One Basket
Not all asset classes perform in tandem. Diversify your investment across equity, debt, and gold.