Keep these things in mind while withdrawing money from mutual funds, otherwise there may be loss

Mutual Funds: Mutual funds are becoming increasingly popular as an investment option. People are preferring to invest more especially in Mutual Funds through Systematic Investment Plan (SIP). It is often seen that when good returns are received, investors start thinking about profit booking and exiting the market. Today we are going to tell you that if you want to withdraw money from mutual funds, then what should you pay attention to.

financial goals
While withdrawing money from mutual funds, make sure to assess whether the financial goal for which you had invested has been fulfilled or not. If your financial goal is not met, then you should avoid withdrawing money from mutual funds.

When to withdraw money when not
Due to the volatility of the stock and commodity markets, investors also decide to withdraw money. Actually, as an investor, you should book profit when the market is climbing. When stock prices are coming down, you should invest more. Time must be given to the market but with strategy.

switch to another fund
Equity mutual funds should be invested for a long period of time but it does not mean that you should sit comfortably after investing money. Review the fund’s performance regularly with the help of a financial advisor. If the financial advisor advises you to exit from a useless or weak fund, then you can go to any other funds.

Keep these things in mind
If you want to withdraw money, then you can think of exiting equity investments in a phased manner. You can enter debt funds. These are considered relatively less risky. If an investor wants to take advantage of the changing market movements, then use Satellite Portfolio to change the fund type to suit the changing market conditions.

(Investment advice in any fund is not given by ABP News here. The information given here is for informational purposes only. Mutual fund investments are subject to market risk, read all scheme documents carefully. NAV can fluctuate depending on the factors and forces influencing the security market including fluctuations in interest rates.The past performance of a mutual fund may not necessarily reflect the future performance of the schemes. The mutual fund does not guarantee or guarantee any dividend under any of the schemes and is subject to the availability and adequacy of distributable surplus. Investors are advised to review the prospectus carefully and seek specific legal, tax and scheme You are requested to seek expert professional advice regarding the financial implications of investing/participating in


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