Mistakes while investing in mutual funds

      Mutual funds are investment products that are managed by mutual fund company . While making an investment in mutual funds , investor must be aware of its merits and demerits .  The beginners mostly invest without identifying their financial goals . Investors must identify their financial goals , plan and choose wisely by analysing the risk factors and time horizon.  Another mistake is making ad-hoc investment based on tax saving criteria . It better to invest in ELSS ( equity linked savings scheme ) if your goal is few years away. ELSS have a shorter lock in period and delivers good return in long run.  Other mistake is that the investors invest in too many funds . Beginners will have a mindset of getting quick rewards and may invest without having a clear vision . 

      Prioritize your goal , make a plan and choose best way to invest ! 

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