New to the Mutual Funds game? Invest like a pro

There’s always some money you can save each month, if you scrimp on your expenses a bit. Like, taking public transport instead of the cab, eating out less, not buying that dress you aren’t likely to wear more than twice. Think about it. There are so many avoidable expenses which can turn into savings. And once you invest in mutual funds, you’ll shock yourself with the sizable returns.

It’s an easy 1-2-3 decision-making process

1. SIP or Systematic Investment Plans allow you to invest small savings on a regular basis. This mode of investment has historically given greater returns than lump sum investments in Mutual Fund Investment Plans. It’s easy on the pocket too.

2. Always look at the taxes when you invest in mutual funds. Because a very sizable chunk of your bounty could simply go to the taxman. There are a variety of Mutual Fund Investment Plans that not only give good returns but are exempt from Income Tax under some sections. Look for them.

3.Don’t overlook the Mutual Fund charges because under one heading

 or another, you’ll be gifting away your income from the investment to the mutual fund. Now why should your money enrich someone else? Therefore, clarify all fees and applicable charges.

A little diligence and you can be comfortably rich, without much inconvenience. Call that mutual fund agent right away!