Col. Sanjeev Govila (retd) of Hum Fauji Investments answers readers’ queries on investments, taxation and personal finance. Do you have a question you want answered?
I have started job from last month. I want to buy mutual funds which are safe and give steady returns. What funds should I buy and from which AMC? - Neha Pansare, Nagpur
Congratulations on your first job. It’s good that you have decided to invest right from the beginning of your job – that is very encouraging and very good for your future financial life.
There are two types of mutual funds – Equity Funds which invest in equity or stocks; and Debt Funds which invest in fixed income instruments and do not invest in equity. The latter are considerably safer and less volatile than the former. All sorts of combinations of these two types of funds are also available in mutual funds universe. But please remember that this safety comes to you at the cost of possible lower returns in the long run. Since you are young, it will be good that you start reading about equity, understanding its nuances and start becoming comfortable with it. When you’re able to do so, and start investing in equity, you would have started on to the path of long-term investing advantage. So, my recommendation to you is to slowly start investing in equity funds through the route of Systematic Investment Plans (SIPs) as and when you start understanding this asset class.
Bu hikaye The Finapolis dergisinin January 2017 sayısından alınmıştır.
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Bu hikaye The Finapolis dergisinin January 2017 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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Col. Sanjeev Govila (retd) of Hum Fauji Investments answers readers’ queries on investments, taxation and personal finance. Do you have a question you want answered? Email your question to feedback@thefinapolis.com
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