Last fortnight, we learnt about the basic boxes we need to check before starting our journey into investment. I am reiterating the same for those of you who missed the previous column.
Before you start to invest, make sure you have a bank account, a PAN card and an Aadhaar number. If you don’t have any or all of these, you should apply for the missing ones right away.
Once you have the ducks in a row, you can move on to the next step. It is a good idea to start your investment journey through mutual funds. You can start by investing amounts as low as ₹1,000 per month. Of late, mutual fund houses have started targeting micro investors and it is quite possible to start investing if you can spare ₹100 or so every month.
