In April-May 2017, Mint had surveyed 19 financial advisers to know some of the biggest mistakes investors make .Over the next few weeks, we will talk to more advisers about these mistakes. Vinod Jain, principal adviser, Jain Investment Planner Pvt. Ltd, a Mumbai-based distributor of financial products, talks about his experiences.
Mutual funds by the kilo
One of the first things that Jain often notices in a new client’s portfolio—and we’ve heard the same grouse from several other financial advisers as well—is the sheer number of mutual fund schemes.