Money With Monika | Why you should invest in a mutual fund now2 min read 19 Dec 2018, 08:35 AM IST
The first reasonamong the manyto invest in a mutual fund is that there are options that solve many of your money problems and you can customise to your need
A financial product should solve a problem. We should not be buying it because it is being sold or because our fathers used to swear by them. It should work for me and my unique financial problems. A mutual fund is a generic term. It is not a product, but a category of financial products that has many options that do different things for different people. Think of a mutual fund like a buffet meal rather than a set menu. In a set menu you get what the cook has made, but in a buffet, you can choose what suits your taste and diet needs. The first reason to invest in a mutual fund is that there are options that solve many of your money problems and you can customise to your need.
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