Alok Kumar Agarwal Alankit Recommends Mutual Funds as Premier Equity Investment
According to a recent report by the Association of Mutual Funds in India, the Indian Mutual Fund Industry had about 40.04 lakh crores in assets under management in March 2023. This indicates that more people are turning to equity investments, especially after the Covid pandemic.
Investing in Mutual Funds has several advantages. Firstly, they offer diversification. Diversification means spreading your investments across different assets to lower risk. When you invest in a Mutual Fund, your money is spread across a variety of stocks or bonds, reducing the risk compared to investing in just one or two individual stocks or bonds.
Alok Kumar Agarwal Alankit suggests that new investors should consider investing in Mutual Funds through a Systematic Investment Plan (SIP). Starting with an index fund can be a safer option because it has lower volatility. However, it's important to be prepared for market ups and downs when investing in stocks. That's why he recommends thinking long-term, so you can benefit from compounding over time.