News From Press It’s not good to buy mutual funds from different places

It’s not good to buy mutual funds from different places

Source: Mint May 30, 2018

You’ve started your first job. Soon, it is tax-filing time and you invest in tax-saving mutual funds from an online portal. Then, somebody advises you to start a systematic investment plan (SIP). You get in touch with a distributor and buy a scheme. Then, say, you get transferred to another city, and buy more schemes from another distributor. The result? You have bought funds from several people. What’s wrong in that?

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