BFC Capital successfully conducted its 244th Quality Circle event on January 24th at the Power Grid Regional Office. The session featured an enlightening presentation by our VP, Vikas Singh, who shared invaluable insights on investing and money management. Attendees gained practical strategies and expert guidance to enhance their financial decision-making. The event reaffirmed BFC Capital’s commitment to empowering individuals with the knowledge needed for long-term financial success.
Can mutual funds help during job uncertainty?
Yes, absolutely. Mutual funds aren’t just for growth—they’re great for stability too. You can park your emergency fund in liquid funds for quick access when you need it most. To stay future-ready, hybrid funds offer a good balance between safety and returns. And if you’ve been doing SIPs in equity funds, that’s building your long-term buffer too. Ideally, keep 6–12 months’ worth of expenses ready in your contingency fund so you’re never caught off guard.
What is NAV (Net Asset Value)?
NAV stands for Net Asset Value—it’s the price of one unit of a mutual fund. It’s calculated as:
(Total value of assets – liabilities) ÷ total number of units.
So if you’re investing today, NAV tells you how many units you’ll get for your money.
How does an SIP benefit me?
You invest a fixed amount regularly—say monthly—and over time, that amount starts compounding. One of the best things about SIPs is rupee cost averaging: when markets dip, you buy more units; when they rise, you buy fewer—this averages out your cost and reduces timing risk. You also don’t need a big amount to start.
Can I switch from one mutual fund to another?
Yes, you can switch funds—it’s quite common when your goals change or when one fund isn’t performing well.
- If both funds are from the same AMC (mutual fund company), switching is easier and can be done online.
- If they’re from different fund houses, you’ll need to redeem your investment from one and reinvest in the other.
Keep in mind: there could be exit loads or taxes on short-term gains. So before switching, always check if the new fund fits your risk profile and goal better than your current one.
