Why MF Is The Best Tool To Achieve Your Financial Freedom

Financial freedom for many of us may be a top priority. Nevertheless, the complexity and diversity of the financial goals of an individual makes most of the financial products inappropriate for the purpose to attain the goals. You may have a goal that might be a mix of short term, medium term and long term tenures. Again, the quantum of fund needed to achieve these goals may also be different. Add to that the surety with which such goals need to be met as some goals such as children's education is a must, while your foreign vacation may wait. The mutual fund is one financial product than can be used effectively and efficiently to accomplish most of your financial goals.

Whatever your goals might be, the bouquet of mutual fund products has something for everyone, whether you are a conservative or aggressive investor, have a short-term, medium-term or long-term goal or have a small or large amount to invest. You can mix and match different kinds of mutual fund schemes (equity, debt, hybrid) with different investment objectives to reach your financial goals.

It is easier said than done and a lot of things need to be looked at before using mutual funds to make you financially free. Apart from the usual benefit of investing and achieving your financial goal, mutual fund also helps you to be financially conscious and instils financial discipline in you.

Our cover story in this issue gives you a glimpse of how a financial plan works and how you should go about attaining your financial freedom.

We have been receiving various queries from some of our readers relating to their mutual fund investments. Hence, from this issue, we have started a new column called 'MF Query Board' that answers our readers' queries. If you do have any queries with regard to your mutual fund investments or Personal finance, mail us at editorial@dsij.in. Our experts will guide you on your investment and financial plan.