Don’t Select Funds In Haste

Hemant Rustagi Chief Executive Officer, Wiseinvest Pvt Ltd.

Seeing how mutual funds are finding their rightful place in investors’ portfolios is heartening. One of the hallmarks of the mutual fund industry’s growth in India has been its ability to offer a variety of funds to suit the needs of investors with varied risk profiles and investment goals. However, to get the best out of a mutual fund portfolio, you must select the right funds and in the right proportion, considering your risk profile, investment goals, time horizon and suitability of the product. However, this is an area, where many investors err by following a haphazard approach and that either results in disappointment or takes them beyond their risk-taking capacity.