Many people still hold the belief that the correct time to use their savings for investment is when they have established a stable source of income. However, recent events have shown that it is much more profitable to begin investing since your 20s. Moreover, mutual funds can assist such young investors to learn the best lessons in investing.
Axis mutual funds offer a variety of schemes and plans that can help the investor in gaining maximum profit from his or her investment. It has over 20 lacs active investor accounts in 90 cities.
Here are the four tips that can help you invest smartly in Axis mf to gain maximum profit:
- Determine your goal behind investing in Axis mutual funds:
Your goal can be buying a car in five years or creating a long retirement plan. The key aspect to remember if you want to gain maximum returns from your investment is to decide your goal.
There are three types of goals depending upon the time period for which one wants to invest.
- Short term goals – 6 months to 1 year long
- Mid-term goals – 2 years to 5 years long
- Long term goals – more than 5 years long
- Determine the type of plan that you want to utilize:
Regular plans and direct plans are the two types of plans that an investor can opt for. The only difference is that with a regular plan, the investor can use the services of a money manager by paying him fees or commission.
Plans are necessary for the investor to make sure that his funds being invested in axis mf are utilized in the right direction.
- Choose your mutual fund platform smartly:
The first step is to check whether the platform has systematic investment plans and systematic withdrawal plans. These plans utilize the funds of an investor in the best possible scheme and plan.
Axis mutual funds have more than 50 different schemes. Unless a person has expertise in the investment field, he or she will not be able to choose the scheme most suitable for himself or herself.
The fund managers will analyze data, evaluate the scribes, cover various data points and compare schemes in order to create the ideal portfolios for each investor.
- Choose your schemes and funds in appropriate boundaries:
These are the top 4 Axis Equity Funds
- Axis Focus 25 Fund
- Axis Bluechip Fund
- Axis Midcap Fund
- Axis Long Term Equity Fund
These are the top 4 Axis Debt Funds
- Axis Banking and PSU Debt Fund
- Axis Credit Risk Fund
- Axis Dynamic Bond Fund
- Axis Strategic Bond Fund
These are the top 4 axis Hybrid Funds
- Axis Arbitrage Fund
- Axis Equity Saver Fund
- Axis Regular Saver Fund
- Axis Triple Advantage Fund
Moreover, many economists suggest that one should diversify his or her schemes and funds to maximize the returns. An investor of the direct plan should not invest in sector funds.
Each of these schemes and their funds has their own individual risks and year return percentage. Therefore, while choosing any scheme it is important to go through such details and choose the one which corresponds with your profile the most. For more information on click here: http://www.mybusinessplan.us