Choose funds based on goals from "summary" of Let's Talk Mutual Funds by Monika Halan
When it comes to investing in mutual funds, it is important to have a clear understanding of your financial goals. Your goals will help you determine the type of funds you should invest in. For example, if you are saving for a short-term goal like buying a car or going on a vacation, you may want to consider investing in liquid or debt funds that offer lower risk and higher liquidity. On the other hand, if you are investing for a long-term goal like retirement or buying a house, you may want to consider investing in equity funds that offer the potential for higher returns over the long term. It is important to match your investment goals with the appropriate type of funds to achieve the desired outcome. Before choosing a mutual fund, it is important to assess your risk tolerance. If you are a conservative investor who is not comfortable with fluctuations in the market, you may want to consider investing in debt funds or balanced f...
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