'A stitch in time, saves nine' is a famous proverb. Small missteps or oversights can often cause big problems, later on. For instance, a mistake in your bank account number may prevent you from accessing your money during emergencies. This can, quite literally, cost you your life.
Then, there are 'relatively minor' misconceptions. A recent SEBI survey revealed that 35% of mutual fund investors believe that the primary problem with the investing process is the non-accessibility of forms even though 88% know that the entire process is available online. A significant number of people believe that a higher NAV means that the fund is less attractive despite a host of sources and experts giving them a wholly different answer.
Investing is a straightforward activity but there is a set of things that you must do to get the smoothest possible experience and to avoid major problems down the road. So what are they? We give you our list in the next Money Hangout.
A must-do list for investors
Date: Friday, April 14, 2017
Time: 12:30 PM - 1:00 PM
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