Financial Daily from THE HINDU group of publications
Tuesday, Mar 07, 2006
Financial Daily from THE HINDU group of publications Tuesday, Mar 07, 2006 |
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Mutual Funds States - Tamil Nadu `Figure out your goal first' Our Bureau
New mantras It pays to understand the ups and down of mutual fund investing. It is vital to choose products that match your goals and tolerance for risk.
Coimbatore , March 7 A thought-provoking lecture and an interaction on mutual fund investments were the highlights of the inauguration of the Business Line (BL) Club at Bharathiar School of Management and Entrepreneur Development. Launching the club and delivering the special guest lecture, the Vice-President and Regional Head of Karvy Consultants, Mr S. Ramachandran, said companies such as his "act as personal finance adviser to the client". Commenting on the present investment trend Mr Ramachandran said investors increasingly have, in the last couple of years, turned to mutual funds to save for retirement /with other financial objectives in mind. "Mutual funds offer the advantages of diversification and professional management, but the investment involves risk. It, therefore, pays to understand the ups and down of mutual fund investing, in choosing products that match your goals and tolerance for risk." Mutual fund would be an attractive investment choice particularly because of professionalism in fund management and the fact that the money pooled is invested across a wide range of companies to balance the risk exposure. Investors have multiple choices as there are enough players in the market today. Each has a wide range of product offerings. After ascertaining if any student was in the habit of investing in mutual fund, he said "before you invest in any given fund, decide whether the investment strategy and risks of the fund are a good fit. The first step to successful investing is figuring out "your financial goals and risk tolerance — either on your own or with the help of a financial professional".
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