Nov,09,2015, 16:00 hrs
Amit Trivedi , Author & Founder, Karmayog Knowledge
The review frequency should be between 6 months to 2 years - not too frequent and not too infrequent also. One should focus on looking at any material changes in investment objectives or investment strategies. Scheme performance may vary depending on the cycle in the market, which is difficult for anyone to predict
The first step is to identify your investment objectives - your financial goals. Based on the goals and your ability and willingness to take risks, you arrive at how much money may be invested in which asset category. Only after that you start choosing the investment options within the asset category
The process begins with identification of your goals and risk appetite. Once you have done that, comes the question of selecting individual schemes. I suggest you may define your criteria like scheme`s risk profile (some take more risks than others, while some are very conservative, even within the same peer group).You may also want to look at the track record of the fund house and the fund management team. Please do not chase recent past performance, but look for long-term performance across various cycles.
guest: I invested Rs. 50000 in Unitech Fixed Diposit (12.5%) in quarterly interest payout mode and principal payment March,2016. But from April 2015, they are not paying interest. Also got a letter stating the approval from Company Law Board to extend time. But they also instructed company to carryout interest payment at least. What can I do if they default?