Are you planning for your investment objectives but feel daunted looking at all the various mutual funds on offer? Don't worry, watch the video to find out how to choose mutual funds in India that match your varied objectives of investment and financial goals.
Let’s us assume you are a new parent. To begin with, your needs would be to simply get toys and clothes for your kid. But gradually with time you will have to pay for their education, hobby classes, outings and much more. Going further, you have to plan for their higher education and wedding. These are all goals and expenses that you have to keep in mind. Life has many such expenses in store for you. Managing these can be a lot simpler if an investor understand that there are varied products to serve each financial objective. And it is crucial to choose the right investment option to fulfill these goals.
Each financial goal comes with a time horizon. Prioritizing and categorizing based on this time horizon will help you deal with the issue – how to choose a mutual fund.
Here are a few examples to illustrate this better:
1. It is your lucky day and you have just won a lottery worth 5 crores. Instead of leaving this sudden surplus of wealth in a savings account, investing in a liquid fund or a short term fund will be better than keeping the money idle till you decide where to invest it.
2. After your retirement, your company is not giving you a pension. You have a savings of 75 lakhs and what you need now is a regular source of income to fund your retired life. In this case you can consider bucketing your investments into short, long and medium to fund various needs.
There could be many such scenarios. Don’t get tensed about these responsibilities, just plan for all of them. Start by separating your goals so that you can be on track.
Read more about this here:
https://www.franklintempletonindia.com/templatedata/gw-content/article/data/content-international/en-in-retail/investor/beginners-guide-chapter12-_io04og32
We hope you enjoyed watching this video! Watch more, and we’ll help you learn about different investing concepts. You can also write to us with your feedback (editor@templeton.com)
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