Useful Information about Mutual Funds and Tips for Travelling Alone

How to Invest in Mutual Funds?

Mutual funds are one of the investment option available for the investor availed by corporates, companies to invest in stocks, bonds, money market instruments and other types of securities. Mutual funds are managed by Asset Management Company (AMC) and regulated by Association of Mutual Fund in India (AMFI).

Before making any kind of investment in Mutual Funds, an Investor should analyse few things

Understand the schemes properly; basically, there are four types of schemes available Equity, Debt, Hybrid and Money Market. Debt is among the lower risk funds and considered safe for investment. The money market is suitable for short term investment, offers you easy liquidity. Hybrid or balanced is a safe choice and offers a decent return, it split your investment into fixed income securities and stocks. Equity is for high-risk high-gain.

Analyse the portfolio, asset allocation and the companies included in the portfolio. Access your risk profile. Shortlist at least 3 Mutual funds and compares them in terms of ROI, risk factor, and asset allocation. Be clear with the time frame and amount of sum you want to invest.

How to travel India alone?

The quest to discover oneself along with the spiritual rejuvenation is a perfect reason to pack your travel bag and explore the undulating landscapes, dunes of the desert, serene seashore, exuberant culture and what not. Below is some point which you should keep in mind while traveling alone.

Prepare a to-do list of your preference site seeing, places and every activity that you want to do there.

Make a necessary reservation and advanced booking in Hotels or resort where you are planning to stay.

Do a proper research about the place you want to visit.

It is advisable not to carry heavy luggage, just take the things of absolute importance.

Always carry Government issued identity proof such as a passport.

Don’t carry expensive belongings with you, try to carry less cash as digital money are acceptable everywhere.

At last, in the case of any emergency do not get panic; try to get help from locals.