This is the story of a courageous yet practical investor who believed in the long term growth story of India and the fact that equity is a long term investment.

From not having a purpose for your investments to going only for returns, here are the three mistakes you should avoid making when picking a debt fund

Both these accounts basically serve the same purpose of allowing NRIs to transact in India. They are to be maintained in rupee terms and can be opened as a savings, current, recurring or fixed deposit. However, they differ in their offerings.

You can invest in the best opportunities in the country while staying outside. However, you need to follow certain procedures.

If you want to invest in equity effectively, you need a portfolio of funds rather than just a single fund. But don’t overdo it. For most long term objectives a portfolio of 4-8 equity funds across sub-asset classes can suffice.

The point of this article though is to make sure, that irrespective what you think your definition of “long-term” is, you don’t do the following when linking your goals to equity mutual funds.

Here is what you need to be on the lookout for to avoid taking too much risk in your debt fund.

There are three good reasons why moving from one fund to another en masse is not a great idea.