In April-May 2017, Mint did a survey of 19 financial advisers, to find the biggest mistakes that investors make (read here). Over the next few weeks, we will talk to more advisers about the mistakes investors make (read more here: www.livemint.com/investor-mistakes). This week, we talk to Anup Bansal, managing director, Mitraz Financial Services Ltd.
Narrow focus
Bengaluru-based Mitraz Financial Services Ltd is just 7 years (it is a Securities and Exchange Board of India registered investment adviser), but co-founder Anup Bansal tells us that he has seen several cases of financial planning mismanagement by clients.
For starters, said Bansal, many of us tend to build portfolios on a piecemeal basis. “Clients’ funds are individual investments rather than a creation of a portfolio according to risk profile.” Many investors buy one fund today, another tomorrow, yet another a few weeks later. By the time they buy their seventh or eighth scheme, these have no relevance to the first few schemes.
