Avoid these 5 mutual fund mistakes in 2024

By : 5paisa, 12 August 2024

Don't invest based on past year's returns. Concentrate on long-term stability and fund quality.

Chasing Past Performance

High costs might reduce your returns. Choose funds with lower expense ratios to enhance profits.

Ignoring Expense Ratios

Do not deposit all of your money in one fund. Diversify across industries and asset classes to achieve a balanced risk profile.

Lack of Diversification

Match your investments to your risk tolerance. Do not take on more danger than you can bear.

Overlooking Your Risk Tolerance

You should review your portfolio on a frequent basis. Adjust your plan to stay on track with your financial goals.

Neglecting Regular Reviews

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Investment/Trading in securities market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equities and Derivatives can be substantial.

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