How can I start investing in mutual funds?

I am new to investing in mutual fund. How can I start investing and what amount?
--Mohit Dokania

Mutual fund schemes are investment vehicles that will help you achieve your goal. So, first fix your financial goals. Two, choose schemes based on your investment horizon and risk profile to achieve your goals. For example, you might have fixed some short and long-term goals.
Since you have a short investment horizon, you can't take extra risk, you must invest the money in safer avenues like bank deposit and debt mutual funds to achieve your short-term goals. When it comes to meeting your long-term goals, you can take extra risk to earn some extra returns. So, you can invest in equity schemes to achieve your long-term goals. If you work with real numbers, you will have concrete plan to achieve your goals.

Since you are new to mutual funds, ideally should seek the help of a mutual fund advisor. He will help you finalise your investments and also advise you how to go about investing in mutual fund schemes and reviewing your investments.


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