Mutual fund is the latest buzz in the investment arena and investing in mutual funds is always an easy option. It is safe and secure medium to invest your money. However before investing in mutual funds one has to be very careful and have to analyze various aspects about the company and market.
One has to make sure that Best Performing Mutual Fund is selected and for this it is advisable to take the guidance and help from an experienced person who deals with this aspect and who is well aware of the changing scenario and market conditions.
Few pointers that one has to take into account before selecting good Mutual Fund Advisor are:
1. Experience: Your fund manager should be experienced and should have good knowledge of various market cycles. Always prefer for the advisor who had at least one downturn in the market. Indian financial market when through last downturn about 10 years ago, so look for advisors who have been around for at least last 10 years.
2. Portfolio: One of the vital roles of good Mutual Fund Agent is to help the investor understand underlying the classes of assets in the mutual fund schemes and help them combine for reaching investment objectives. Always hire those advisors who have holistic view on portfolio, who do risk profiling process and understand your financial goals along with your objectives of investments.
3. Avoid being hurry: When it comes to investing, it is good to take time and clear all the doubts. A good mutual fund advisor will not motivate the client to make quick decisions as he very well knows that the mood of the market might undergo a change.
4. Ask for references: Request the mutual fund advisor for references and give details of all the investors with whom they have worked with, approach such persons and check their own experiences on the service and advice offered to them.
5. See clarity and compensation: Understand in detail the compensation model of the chosen advisor. With the introduction of direct plans, mutual fund advisors have adopted various models ranging from commission only, service on the basis of fee or fee only or combination of fee and commission. Each advisor picks the compensation model in sync to his business needs and the clients. Before hiring one, do check this aspect for clear understanding so that future doubts and confusion are avoided.
All in all a good investment advisor should be able to connect the needs and expectations of the investors to the features of various investment schemes and suggest the portfolio accordingly.
Visit the Following Page for More Information-
How beneficial is to Employ Experienced Investment Advisor
One has to make sure that Best Performing Mutual Fund is selected and for this it is advisable to take the guidance and help from an experienced person who deals with this aspect and who is well aware of the changing scenario and market conditions.
Few pointers that one has to take into account before selecting good Mutual Fund Advisor are:
1. Experience: Your fund manager should be experienced and should have good knowledge of various market cycles. Always prefer for the advisor who had at least one downturn in the market. Indian financial market when through last downturn about 10 years ago, so look for advisors who have been around for at least last 10 years.
2. Portfolio: One of the vital roles of good Mutual Fund Agent is to help the investor understand underlying the classes of assets in the mutual fund schemes and help them combine for reaching investment objectives. Always hire those advisors who have holistic view on portfolio, who do risk profiling process and understand your financial goals along with your objectives of investments.
3. Avoid being hurry: When it comes to investing, it is good to take time and clear all the doubts. A good mutual fund advisor will not motivate the client to make quick decisions as he very well knows that the mood of the market might undergo a change.
4. Ask for references: Request the mutual fund advisor for references and give details of all the investors with whom they have worked with, approach such persons and check their own experiences on the service and advice offered to them.
5. See clarity and compensation: Understand in detail the compensation model of the chosen advisor. With the introduction of direct plans, mutual fund advisors have adopted various models ranging from commission only, service on the basis of fee or fee only or combination of fee and commission. Each advisor picks the compensation model in sync to his business needs and the clients. Before hiring one, do check this aspect for clear understanding so that future doubts and confusion are avoided.
All in all a good investment advisor should be able to connect the needs and expectations of the investors to the features of various investment schemes and suggest the portfolio accordingly.
Visit the Following Page for More Information-
How beneficial is to Employ Experienced Investment Advisor
No comments:
Post a Comment