The Best Ways to Start Investment in Mutual Funds

To attain the Ultimate financial independence, the first step to take is proper planning. For planning there are 2 ways, one is to rely on a financial planner and second is financial planning software. Depending on a financial planner is a cumbersome process with uncertainties like the planner’s competence and whether there is a conflict of interest when it comes to his recommendations. In Additions to these there are some other ways to invest in Mutual fund Investment. They include:

Through Mutual Fund Distributors and Agents

Mutual Fund Distributors and agents are friendly advisors who come to your home and advice you about the importance of Mutual fund investment. This process is quite convenient because the agents come to your house, take some signatures and your cheque and do the running around you. The only disadvantage is the payment of trial commissions to the agents may vary and become a burden for you.

Direct Investments Through the Fund House:

In this process you can invest through online website or you can go to the fund house office and fill up the form for direct investment. It is a hassle free process as your NAV is marginally higher than the normal plans and even a 1% difference in NAV can be a huge sum over a long period of time. The only disadvantage with this process is you have to fill multiple forms if you have to invest in multiple schemes from multiple AMCs.

Investments through Transfer Agencies:

There are many mutual funds transfer agencies like CAMS and Karvy. These agencies allow you to make your direct plans as well as investments through agents under one roof. These have a huge collection of application forms of many AMC’s.

Investments Through Demat Accounts:

Many banks like ICICI Direct or Sharekhan or Geojit indirectly act as the mutual fund agent indirectly and they provide the mutual fund investment through Demat Account. But this is a very expensive investment because these channels charge extra processing fee along with the trial commission.

so, to avoid all these hassles and easily invest in mutual funds by knowing about the mutual funds please visit https://www.wixifi.com/blog/index.php/all/strategy/how-to-start-investing-in-mutual-funds-the-various-ways-in-which-you-can-invest-in-mutual-funds/

Important Tips to Analyze the Best Portfolio Manager

If you are planning for a personal finance you mostly use the following in Google: “Which is the best fund? “Which is the best term insurance?, “Who is the Best Portfolio Manager?”, “Best xyz Product…” and so on.  But the main aspect is the personal in the personal finance. Choosing the best portfolio manger depends on the following Aspects.

Asset Class

Anyone who manages the portfolio related to mutual funds can be called portfolio manager. The underlying asset class will influence a lot on the requirements of a good portfolio manager. Someone who can manage an amazing real estate portfolio will be a miserable failure when it comes to equities and vice versa.

Investment Style

There are several different styles of Investment out of which growth investing and value investing are two opposing yet equally successful models. Each and everyone have a unique style of investment. Some of them follow growth investing style, others may follow value investing. Investors may also combine both of them and follow a completely new model of investment to achieve great returns.

Performance

In Simple terms, a best portfolio manger is the one who gives you superior returns for your investment. We all wish to see the growth of our money as fast as possible in a low time. But there problems related to performance out of which the first one is downside protection, which is nothing but how much lesser does your fund fall as against its benchmark index, when markets fall. Also, another problem with performance is that past performance may not be a good indicator of future performance. This is especially true in today’s world when global events can influence stock markets over night.

You

You are the main aspect to consider in mutual fund investment in India. In India, equities and equity mutual funds offer tax free returns after one year.

At Wixifi, we analyze your situation in detail by considering the above mentioned aspects and come up with personalized recommendations that are best suited to help you in your unique journey towards financial freedom. For more details please visit https://www.wixifi.com/blog/index.php/all/strategy/who-is-the-best-portfolio-manager/