Business

Mutual Funds investment: 7 tips for sustained portfolio growth

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1. Explore different types of funds

Are available in various formats, each responding to a unique set of investment requirements. Equity, debt, hybrid, and index funds represent only a few options. 

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2. Diversify your investment

By diversifying your investments across sectors, asset classes, and geographical areas, you can protect your portfolio against market volatility.

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3. Invest regularly through SIPs

 SIPs serve to build disciplined investment habits, mitigate the impact of market volatility, and take advantage of rupee cost averaging.

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4. Review your portfolio regularly

 It is vital to constantly examine your investment portfolio to ensure it aligns with your financial goals. 

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5. Be cautious, remain invested

Mutual fund investments are ideal for long-term financial goals. Markets can be turbulent in the short term, but remaining invested over time can help you.

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6. Assess fund's performance

Past performance provides insight into how a fund has handled market fluctuations. Examining the fund's performance, such as 1-year, 3-year, and 5-year returns.

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7. Evaluate expense ratio

The expense ratio refers to the annual cost mutual funds charge their investors. It includes management fees, administrative charges, and other expenses.

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