If you are a new investor, hire a trusted mutual fund advisor or financial planner. New investors often find it very difficult to manage investments. It is always good to gain some knowledge and experience before investing in yourself.
Assuming you are investing long-term (seven to ten years) and are willing to take some risk, you may want to consider investing in large-cap funds or hybrid equity funds. Large-cap funds, as the name implies, invest in very large companies and are less volatile. Hybrid equity funds invest in a mix of equity and debt and are even safer than pure equity funds.
Invest in two ritual funds that match your risk profile and keep investing regardless of market conditions.
Review performance once a year. If it has been performing below the benchmark and range for more than a year or two, you need to find the cause of the poor performance and take action if necessary.
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