Common Mistakes to Avoid When Investing in Mutual Funds
Introduction
Mutual funds have always been a popular mode of investment. The concept of pooling resources to invest in a diverse portfolio attracts many investors ranging from beginners to professionals. Nowadays, online platforms have simplified the process, providing tools like online KYC for mutual funds, which make investing more convenient. Despite these aids, a lot of investors miss out on significant profits due to a lack of understanding and committing common mistakes. This article will highlight those common mistakes and how to avoid them when investing in mutual funds.
Rushing Through Online KYC for Mutual Funds
The first common mistake starts from the beginning, i.e., during the Know Your Customer (KYC) process. Completing KYC is a prerequisite for mutual fund investment, and...