ET SpotlightThere is an investment mantra for every stage of your life. Following these mantras could potentially lead you to fulfil your financial goals:
Your 20s: You are young with time on your side. As you start earning, you could explore long-term investment options. These options will allow you to take more risks and reap potential benefits 15-20 years down the line.
Your 30s: You still have time on your side, but as you get settled in life, your responsibilities change. This is the time to review your asset allocation and make changes where necessary in your investment portfolio.
Your 40s: Once again responsibilities change, and this is the time when you might choose to redeem some of the investments you made in your 20s. You might also need to look at those that are nearing the end of their investment horizon and decide whether to exit them or shift them around depending on their performance.
Your 50s: While you are still actively saving for your retirement you need to ensure that your investments are on track to support you when you need it. It’s time to get out that calculator and crunch the numbers to make sure that everything is going as planned.
An investor education initiative.
Visit www.icicipruamc.com/note to know more about the process to complete a one-time Know Your Customer (KYC) requirement to invest in Mutual Funds. Investors should only deal with registered Mutual Funds, details of which can be verified on the SEBI website www.sebi.gov.in/intermediaries.html. For any queries, complaints & grievance redressal, investors may reach out to the AMCs and / or Investor Relations Officers. Additionally, investors may also lodge complaints on https://scores.gov.in if they are unsatisfied with the resolutions given by AMCs. SCORES portal facilitates you to lodge your complaint online with SEBI and subsequently view its status.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Your 20s: You are young with time on your side. As you start earning, you could explore long-term investment options. These options will allow you to take more risks and reap potential benefits 15-20 years down the line.
Your 30s: You still have time on your side, but as you get settled in life, your responsibilities change. This is the time to review your asset allocation and make changes where necessary in your investment portfolio.
Your 40s: Once again responsibilities change, and this is the time when you might choose to redeem some of the investments you made in your 20s. You might also need to look at those that are nearing the end of their investment horizon and decide whether to exit them or shift them around depending on their performance.
Your 50s: While you are still actively saving for your retirement you need to ensure that your investments are on track to support you when you need it. It’s time to get out that calculator and crunch the numbers to make sure that everything is going as planned.
An investor education initiative.
Visit www.icicipruamc.com/note to know more about the process to complete a one-time Know Your Customer (KYC) requirement to invest in Mutual Funds. Investors should only deal with registered Mutual Funds, details of which can be verified on the SEBI website www.sebi.gov.in/intermediaries.html. For any queries, complaints & grievance redressal, investors may reach out to the AMCs and / or Investor Relations Officers. Additionally, investors may also lodge complaints on https://scores.gov.in if they are unsatisfied with the resolutions given by AMCs. SCORES portal facilitates you to lodge your complaint online with SEBI and subsequently view its status.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
(This article is generated and published by ET Spotlight team. You can get in touch with them on etspotlight@timesinternet.in)
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