GOAL BASED PLANNING
Mutual Fund investment or Any investment without Goal Based Planning, never being success. As per survey almost 90% investment break before his maturity. So very important to create goal based planning.
In all investment, every one known that MF is good investment for Long term. as no investment will give return at par MF. But a little correction in Mkt everyone get penic and quiet from market. so whenever you are going to start investment, then think like LIC investment. Invest and continue till maturity. I assure you that you will get 100% better returns than other investment.
This is the reason why many mutual fund houses and advisors recommend goal-based investments to investors. This approach help investors choose ideal investments to achieve their financial goals. For example, if you are investing for short-term financial goals, you may opt for debt mutual funds. You should keep in mind that it is important to choose debt mutual funds based on your investment horizon and risk profile.
Similarly, if you are investing to create a retirement corpus, say, after 20 years, you should choose equity mutual funds according to your risk appetite. If you are a conservative equity investor, you should invest mostly in large cap mutual funds. Similarly, a moderate risk-taker can opt for multi cap schemes and an aggressive investor can invest in mid cap and small cap schemes.
It seems, you are new to mutual funds. If so, you should consult a mutual fund advisor before investing. New investors often need a lot of hand-holding and reassurances during the initial years of their investment lives. Only your advisor would be able to offer you personalized help.