Regular review of portfolio from "summary" of Let's Talk Mutual Funds by Monika Halan
Regular review of portfolio is a crucial aspect of managing your mutual funds effectively. It involves monitoring the performance of your investments and making necessary adjustments to ensure that your financial goals are on track. By regularly reviewing your portfolio, you can keep track of how each fund is performing and whether it is meeting your expectations. This allows you to identify any underperforming funds and take proactive steps to address the issue. One key benefit of regular portfolio review is that it helps you stay informed about the overall health of your investments. This can help you make informed decisions about whether to hold on to a particular fund, sell it, or reallocate your investments to better-performing funds. Additionally, regular review of your portfolio allows you to assess whether your investment strategy is still aligned with your financial goals and risk tolerance. If your circumstances have changed or if market conditions have shifted, you may need to adjust your portfolio accordingly. Another important aspect of portfolio review is to ensure that your investments are diversified across different asset classes and sectors. This can help reduce the overall risk of your portfolio and potentially enhance returns over the long term.- Regular review of your portfolio is essential for effective mutual fund management. By staying informed about the performance of your investments and making necessary adjustments, you can ensure that your financial goals are on track and that your portfolio remains well-balanced and diversified.
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