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Engage an Financial Adviser

Since January 2013, mutual fund investors have been able to invest in direct plans of mutual funds. In effect, they invest directly with the fund company bypassing the distributor. Investors benefit from direct plans on account of lower expenses charged versus distributor plans. While the introduction of direct plans could potentially change the conventional method of mutual fund investing wherein the distributor has always played a key role, it in no way lessens the importance of investment advice. This, in turn, underpins the need for a competent and experienced investment adviser.

Let's discuss why it is important to have access to a proficient investment adviser. Often investors erroneously believe that mutual fund investing is all about filing an application form and signing a cheque. Nothing could be farther from the truth here. To begin with, investors must understand that investing in mutual funds is not an 'end' rather it is a 'means to achieve an end'. Simply put, investors should first decide why they are investing in mutual funds. That is what are the investment objectives that they want to achieve. These could range from accumulating funds for a vacation, providing for children's marriage to creating a retirement corpus, and so on. The investment adviser can help in formulating investment objectives.

 
The next step should be constructing a portfolio comprised of various mutual funds. At this stage, selecting the right funds is the key, and that needs expertise which the investment adviser brings to the table. In a portfolio, while some funds will act as core holdings, others will play a supporting role. Also, the portfolio needs to be routinely monitored and modified (if and when required) to ensure that it stays the course and enables investors to achieve their investment objectives. Again, the investment adviser has a key role to play at these stages.

Clearly, not only is mutual fund investing an activity that demands time and effort, but also specialized knowledge. Hence there is a need to engage an investment adviser. Furthermore, the adviser's presence ensures that an expert oversees all aspects related to investments, leaving investors free to focus on their respective occupations. The investment adviser's fee
may seem like a small price to pay when one considers that sound and timely advice can be the difference between achieving one's investment goals and failing to do so.

Happy Investing!!

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

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Best Performing Mutual Funds

1. Largecap Funds Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Birla Sun Life Front Line Equity Fund
2. Large and Midcap Funds Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
2. Mid and SmallCap Funds Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
3. Small and MicroCap Funds Invest Online

1. DSP BlackRock MicroCap Fund
4. Sector Funds Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
5. Tax Saver MutualFunds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
6. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund