Very often, we think we don’t need mutual funds in our portfolio and that our existing investments are enough to meet our future goals. But, to reach our goals we need a vehicle. We’re not saying mutual funds are the only vehicle for reaching your goals, but they are certainly one of them. Mint spoke to a few financial planners to understand the role mutual funds played in the lives of their clients.
Emergency corpus
Long-term goals are important, but how do we cover unexpected calamities? Enter an emergency corpus, which can take care of sudden expenses that we couldn’t have planned for. This corpus came to the rescue of a Delhi-based lawyer who had walked into Gurugram-based financial adviser Ashish Chadha’s office in 2009.
