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Akash Jain 🇮🇳 Profile picture
Akash Jain 🇮🇳
@akii221b
Businessman..Done BCA but still finding its application in my life.. Driving and Investing are the things which I want to keep doing till I am on my Death Bed.
May 24, 2020 • 14 tweets • 3 min read
People who are advising regarding insurance needs to take term plan and invest the rest in mutual funds via SIP should also make it clear that,
1. Choice of fund is extremely important.
2. There are chances that fund house may restrict redemption if markets are in risky position 3. In case if your redemption time coincidences with sharp market movements, then seeing your wealth eroding in front of you even after religiously doing SIP's for years is a very difficult task to digest.