Most new investors and young investors enter the mutual fund market through internet sites or bank recommendations without seeking the advice of experts. While this is easy, however, it may overlook the fact that different mutual funds carry varying levels of risk and nature for different reasons. Choosing funds without aligning them with your risk profile and objective can result in disappointment down the line.

Role of an advisor

Your life cycle, goals, income, and risk tolerance are scrutinized by an investment counsellor to recommend a proper mix of mutual funds. Equity funds, for example, would be the best choice for long-term wealth generation, while debt funds would be ideal for short-term needs. Advice is also given by experts to avoid errors such as following past performance or

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