There is an investment mantra for every stage of your life. Following these mantras could potentially lead you to fulfill your financial goals:
You are young with time on your side. As you start earning, you could explore long-term investment options. These options will allow you to take more risks and reap potential benefits 15-20 years down the line.
You still have time on your side, but as you get settled in life, your responsibilities change. This is the time to review your asset allocation and make changes where necessary in your investment portfolio.
Once again responsibilities change, and this is the time when you might choose to redeem some of the investments you made in your 20s. You might also need to look at those that are nearing the end of their investment horizon and decide whether to exit them or shift them around depending on their performance.
While you are still actively
saving for your retirement
you need to ensure that your investments are on track to support you when you need it. It’s time to get out that calculator and crunch the numbers to make sure that everything is going as planned.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.