5 common mistakes mutual fund investors should avoid this Diwali
gold and specific stocks for the upcoming Samvat year are also common. However, analysis of past data shows no clear evidence that investing during this time delivers better or worse returns compared to any other time of the year. Therefore, investment strategies in stocks, mutual funds, or gold should be planned with this in mind.
For individuals receiving a performance bonus or incentive at Diwali, it is a good time to invest most of it and spend a portion on luxuries that may make the family happy.
Also Read | With up to 36% average return since last Diwali, this Bandhan fund tops smallcap MF returns chart
Best MF to invest
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-114612970»>A mutual fund expert mentioned five common mistakes that investors make while investing. “Investors make decisions solely based on past returns and chase returns without any plan. They withdraw their investments because of the market volatility and try to time the market,” said Priti Rathi Gupta, Founder of LXME.
Here are the common mistakes mutual fund investors make:
- Waiting for the “right” time to invest or timing the market — No one can predict the markets. Instead, the better idea is to focus on your goals and get started. The best time to begin was yesterday, and the next best time is today. Don’t wait! Start now and leverage the magic of compounding for long-term growth.Chasing returns without a plan — While it’s natural to want the best possible profit, but focusing solely on returns without a
