3 P's of Smart Investing

Plan, Prepare & Persist for the long term

Making an investment plan involves more than just choosing the right product to put money in. One has to consider the financial situation, risk appetite and investment goals. It’s also important to define the timeline and how much risk an investor is willing to take on in order to determine the optimal asset allocation.

Here's the three P's of Smart Investing - Plan, Prepare & Persist to achieve the long term goals

PLAN

- Set up an SIP to inculcate a habit of regular saving and build discipline

- Look for the right asset-mix based on your risk appetite and financial goals

PREPARE

- Consult a Financial Advisor/Planner to plan and build your portfolio as per your goals and risk-taking ability

- Diversify your portfolio across various asset classes to mitigate risk

PERSIST

- With rupee-cost averaging you can take advantage of the market highs and lows to benefit over the long term

- Stay invested with SIP or lumpsum to reap maximum benefits of compounding over the long term

As the saying goes, “The art is not in making money, but in keeping it.” So one needs to sit down with a financial planner and understand the importance of making a comprehensive investment portfolio to achieve the required goals.

CLICK HERE TO KNOW MORE

An Investor Education & Awareness Initiative

Investors should deal only with Registered Mutual Funds, to be verified on SEBI website under Intermediaries/Market Infrastructure Institutions". Refer www.ltfs.com for details on completing a one-time KYC (Know Your Customer) process, change of details like address, phone number etc. and change of bank details etc. For complaints redressal, either visit www.ltfs.com or SEBI's website www.scores.gov.in

Disclaimer – This document is for general information only and does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. This document provides general information on performance; financial planning and/or any comparisons made (if any); or any reference to the indices/ sectors/ securities/ schemes etc. are only for illustration purposes and should not be considered as recommendation(s) from the author or L&T Investment Management Limited, the asset management company of L&T Mutual Fund or any of its associates; or any guaranteeing/indication of any returns. Investments in MFs and secondary markets inherently involve risks and recipients should consult their legal, tax and financial advisors before investing. Recipient of this information should understand that statements made herein regarding future prospects may not be realized or achieved. The distribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly, persons who come into possession of this document are required to inform themselves about, and to observe any such restrictions.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Disclaimer: Content Produced by L&T Mutual Fund