On September 7, 2019, BFC Capital successfully conducted its 234th Quality Circle Program at Hotel Comfort Inn, Lucknow. The event aimed to spread financial awareness and facilitate meaningful discussions with some of the city’s most esteemed individuals. Through insightful interactions, participants gained valuable knowledge on investment strategies and financial planning, reinforcing BFC Capital’s mission to empower individuals with the tools for a secure financial future.
Are mutual funds better than chit funds for saving money?
Absolutely.
Mutual funds are regulated by SEBI that keeps a strict watch over all investments, they are professionally managed, and transparent in terms of both risk and return. Chit funds, on the other hand, are informal savings schemes that carry a higher risk of mismanagement or fraud, especially if they are not registered or well-governed. So it is better to stick with Mutual Funds.
How do I track the performance of my mutual fund investments?
Tracking your mutual fund investments is firstly very easy and secondly very important. You can monitor your mutual fund’s performance using the AMC’s website, your investment platform or app, and your monthly account statements.
Should I switch my mutual funds if they are underperforming?
Not immediately. It’s normal for funds to underperform occasionally due to some market fluctuations. But if your fund consistently is behind its benchmark and similar funds for 2-3 years, it might be time to consider switching.
What is STP (Systematic Transfer Plan) in mutual funds?
STP stands for Systematic Transfer Plan. It is a plan that allows you to transfer a fixed amount or a fixed number of units from one mutual fund to another mutual fund at regular intervals. It’s a smart strategy for managing risk during uncertain and volatile market conditions STPs are great if you’ve received a lump sum and want to invest it in a phased, disciplined way.
