​ When you should book profit in your mutual fund portfolio?

Mutual fund investments are subject to market risk, hence it becomes important to know when one should book profit in one's mutual fund portfolio. According to tax and investment experts there is no right time to start a mutual fund SIP (systematic investment plan), but there is certainly a right time when one can book profit in one's mutual fund portfolio. They said that most ideal time for booking profit in mutual fund portfolio is when you are nearing your financial goal. However, there are some other occasions too, when one should book profit in mutual fund portfolio. Such timings are portfolio balancing or in the case of financial emergency.

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