Hi, I am gobind goyel from noida, wants to start investments with sip and mutual funds.
Please suggest which one would be better and best.
Ans: It is good to know that you want to start your investment in mutual funds. But to start your investment in a mutual fund you need to be very specific about following-
Investment Goal- You should plan out your objectives, like whether you want to have a retirement fund, fund children’s education or wedding, have an emergency fund for urgent requirements, medical expenses or other mis happenings, etc.
Investment Time frame- Investment goals and time horizons go hand-in-hand. You can actually set your objectives as per the time duration you want to stay invested for.
Risk Tolerance- One of the major factors to consider before investing is to measure your risk tolerance, meaning that you should evaluate whether you wish to play safe or take some risks and whether you have a high-risk tolerance or moderate risk appetite
Suggestion totally depends after due analysis of all the factors.