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People often talk about what mutual fund they should invest in. But, very few discuss when and how to exit a Mutual Fund.
In investment, exit is as important as an entry. Let's see how you can exit a Mutual Fund. A thread 🧵
In investment, exit is as important as an entry. Let's see how you can exit a Mutual Fund. A thread 🧵
Before we discuss exit, ask yourself one question, why did I invest in this MF scheme?
In most cases, the Mutual Funds are goal-based such as child's education, wealth creation, preserve capital, etc.
In most cases, the Mutual Funds are goal-based such as child's education, wealth creation, preserve capital, etc.
Ideally, for a long term goal such as a child's education, you should start withdrawing from your MF 2-3 years before this goal.
You can set up a Systematic Transfer Plan from your goal MF to a safer liquid fund.
Refer to this thread to understand STP:
You can set up a Systematic Transfer Plan from your goal MF to a safer liquid fund.
Refer to this thread to understand STP:
Account Aggregator(AA) ecosystem is going live today.
Let's understand what AA is in this 🧵
Let's understand what AA is in this 🧵
Account Aggregators (AA) are non-banking financial companies, licensed by RBI, that act as a bridge, to collect data from Financial Information Providers(FIP), and share the data with, Financial Information Users (FIU).
FIPs can be banks that hold your personal financial data like banks.
FIUs can be lending agencies or wealth management companies that are providing financial services to you.
FIUs can be lending agencies or wealth management companies that are providing financial services to you.
