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  • News From Press Things to remember before hiring a mutual fund advisor

    Things to remember before hiring a mutual fund advisor

    Source: The Economic Times Aug 18, 2018


    As assets of mutual funds surge to new highs, many new investors are entering the industry and committing investments to meet their long-term goals. Since it is impossible for every individual to track investments, many take the help of the mutual fund distributor or advisor. It may make sense to choose an appropriate financial advisor, who can help manage their investments:

    What qualifications and experience does the advisor have?
    Using mutual funds to help meet y ..

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    2 Comments
    Prashant · 5 years ago `
    Again in this article it says online financial plan for free. This is absurd. Nothing is free in this world. They will get all your most important and confidential financial details which is very risky and also they will not and can not make a plan according to your specific need and goal. These will general and deeded in the software which by the way can go drastically wrong. Please stop promoting direct plans because they also charge FMC and are not at all free but if you go direct they will and can be very dangerous.
    waryam · 5 years ago
    I totally agreed with this. The following limitations with direct plan
    1. Taking MF without advisor just like taking medicine without doctor prescription.
    2. One thing all we know Pandavs loose everything in gambling bcoz Yudhister was confident in this game but he didn't taken his advisor Lord Krishna and results obvious to all.
    3. Thousands of Crore in MF is unclaimed. If something undesirable happened, in that case your adviser is the last resort to redeem your MF if one's family member not know how to proceed.
    4. Online portal only tells about MF which give highest return last 3, 5 etc year. which lured the investor. but it does not show the risk associated with it bcoz Fund manager has to create Alfa, so chances of compromise on quality.
    5. Last but not least "No Free Lunch In This World". They also earning but their means may be different which is not known by common investor.
    Reply
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