A wrong investment decision could have a detrimental impact on the investor's finances.
To select the right fund, investors need to first evaluate their risk profile and also assess the funds on parameters like the investment style, performance and risk, among others.
The most common definition of HLV is the expected life time earnings of an individual, i.e. what is the total income that the individual is expected to earn over the remainder of his working life, expressed in present Rupee terms.
You must plan your investments, execute the investment plan and track it regularly. If this sounds complicated, don't worry, we have simplified the process for you.
Have money? Here's what not to do with it. . .
Our advice for investors -- opt for funds like HDFC Long Term Advantage and HDFC TaxSaver which have proven track records to show for, over longer timeframes.
Fixed deposits have conventionally been popular investment avenues among risk-averse investors
Any financial planner will vouch for the importance of diversification while building a portfolio.
In India, index funds are found wanting in both aspects -- long-term performance and cost efficiencies.