Saving money is good, investing money is better, and investing money with a plan in place is the best. In this section, we will
look at the basics of financial planning for the future, how to design an investment plan using various asset types that are
available for investments, and how to monitor the investments.
While this is a very vast topic, we will try to introduce some of
the basic concepts in this section to get you going in this direction. Mutual funds are a great way for a retail investor to participate in the capital markets (both debt and equity). They offer the
benefit of expert management, diversification, and low cost to investors.
In this section, we will look at the basics of mutual
funds – what they are, the different categories, the costs involved, how to choose them, how to invest in them etc. We will also
look at the risks involved in investing in these instruments.