On May 23, 2025, BFC Capital held its 274th Quality Circle Program at the Bureau of Indian Standards, continuing its mission to foster financial literacy. The session was led by our Vice President, Vikas Singh, who delivered a powerful and insightful presentation on financial planning and investment strategies. His engaging talk empowered attendees with practical knowledge and tools to make informed financial decisions, further strengthening BFC Capital’s dedication to investor education and awareness.
I already have a LIC policy and insurance policies in my name– do I still need to invest in mutual funds?
Yes. Insurance is for protection. Mutual Funds are for wealth creation and long-term growth. Both are important, but they serve different purposes.
Can a person with an active loan invest in mutual funds?
Yes, you can continue to invest in mutual funds even if you have an outstanding and active loan already in place. But it’s very, very, very crucial to find a balance between the two of them. Let’s say you have credit card debt or personal loans with very high interest rates. When such is the case, it is usually best to pay off those loans before making large mutual fund investments.
In the event of an emergency, may I take an early withdrawal from my mutual fund investments?
You certainly can! The majority of liquid and open-ended mutual funds let you take your money out fast. ELSS (tax-saving funds) has a required 3-year lock-in period. It’s wise to bear in mind that in order to be ready for crises and to stay prepared for emergencies, it’s a good idea to keep funds in an open-ended fund.
