Young Investors Foraying into Mutual Funds
Ninad Ramdasi / 22 Feb 2024/ Categories: DSIJ_Magazine_Web, DSIJMagazine_App, Letters to Editor, MF - Letter to Editor, Mutual Fund
Young Investors Foraying into Mutual Funds
My 22-year-old son wants to start his investment journey with mutual funds. What should be his investment style and choice? - Sandeep Nayyar [EasyDNNnews:PaidContentStart]
Editor Responds : It's great that your son is starting his investment journey at a young age. On investment style, young investors like your son typically have a longer investment horizon. This enables them to consider a growth-oriented style with a higher allocation to equities. Also, discussing his financial goals is essential. Among fund choices, consider low-cost index funds that track broad market indices like the Nifty 50. that offer diversification and potentially good long-term returns. Encourage him to diversify his portfolio across different asset classes (equity, fixed income) and market segments (large, mid, and Small-Cap) to mitigate risk.
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