I have had great experience with Innov-Wealth, who meticulously made a financial plan aiding me in my journey towards financial independence. I would further like to commend them for their use of their platform and overall processes.
One should never invest in Mutual Funds, but should invest through them.
To elaborate, we invest in various investment avenues based on our requirements, e.g. for capital growth - we invest in equity shares, for safety of capital and regular income - we buy fixed income products.
The concern for most investors is: how to know which instruments are best for them? One may not have enough abilities, time or interest to conduct the research.
To manage investments, one can outsource certain tasks one is unable to do. Anyone can outsource 'managing one's investments' to a professional firm - the Mutual Fund company. Mutual Funds offer various avenues to fulfill different objectives, which investors can choose from based on one's unique situation and objective.
Mutual Fund companies manage all administrative activities including paperwork. They also facilitate accounting and reporting the progress of the investment portfolios through a combination of Net Asset Values (NAVS) and the account statements.
Mutual Fund is a great convenience for those who need to invest their money for future requirements. A team of professionals manages the money and the investors can enjoy the fruits of this expertise without getting involved in the mundane tasks.
