{"id":1099,"date":"2024-04-22T09:57:16","date_gmt":"2024-04-22T09:57:16","guid":{"rendered":"https:\/\/jamawealth.com\/askguru\/?p=1099"},"modified":"2026-03-02T19:28:19","modified_gmt":"2026-03-02T19:28:19","slug":"what-investment-advise-would-you-give-to-a-beginner-i-have-invested-in-mutual-funds-but-mostly-in-elss-now-i-want-to-go-ahead-and-invest-in-other-options-what-would-be-best-plan-for-this-and-are","status":"publish","type":"post","link":"https:\/\/maxiomwealth.com\/askguru\/2024\/04\/22\/what-investment-advise-would-you-give-to-a-beginner-i-have-invested-in-mutual-funds-but-mostly-in-elss-now-i-want-to-go-ahead-and-invest-in-other-options-what-would-be-best-plan-for-this-and-are\/","title":{"rendered":"What investment advise would you give to a beginner? I have invested in mutual funds, but mostly in ELSS. Now, I want to go ahead and invest in other options. What would be best plan for this, and are there any apps that can help me manage it?"},"content":{"rendered":"\n<p>Good move to start investing in a planned and systematic manner!<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The first thing is to identify what you are investing for, i.e. your goals.<\/li><li>Next is to assess your risk profile so that you can then identify which funds to invest in.<\/li><li>Start SIPs in the selected funds to meet your life goals. Sit back and relax!<\/li><\/ul>\n\n\n\n<p>If possible, take the help of a SEBI Registered Investment Advisor to help plan out the investments.<\/p>\n\n\n\n<p>Every Mutual Fund come in two plans &#8211; Direct and Regular. A direct plan (one with the words Direct Plan in its full scheme name) gives you additional return of upto 1.5% because it does not pay out indirect commission to the broker. With direct plans, you get upto 40% more in long term portfolio value, by avoiding commissions and brokers.<\/p>\n\n\n\n<p>As far as apps are concerned, there are many mutual fund and investment apps out there. Go for an app or platform that aggregates direct plans (for a small fee) instead of huge indirect commissions. Dont assume that \u2018free\u2019 means really free!<\/p>\n\n\n<!-- mw-cta-block -->\n\n<div class=\"mw-cta-block\" style=\"background:#EEF3FC;border-left:5px solid #1C52A0;padding:22px 26px 20px;margin:36px 0 24px;border-radius:0 10px 10px 0;\">\n  <p style=\"margin:0 0 4px;font-size:11px;font-weight:700;color:#276FC4;letter-spacing:1px;text-transform:uppercase;\">Maxiom Wealth \u2014 Free Tool<\/p>\n  <h3 style=\"margin:0 0 10px;font-size:19px;font-weight:700;color:#113E81;line-height:1.3;\">Is Your Mutual Fund Working Hard Enough?<\/h3>\n  <p style=\"margin:0 0 18px;color:#444;font-size:15px;line-height:1.65;\">Two funds with similar star ratings can deliver very different outcomes. Use our fund comparison tool to check if you&#8217;re in the right scheme for your risk profile and investment horizon.<\/p>\n  <a href=\"https:\/\/maxiomwealth.com\/resources\/calculators\/better-funds-checker\" style=\"display:inline-block;background:#1C52A0;color:#fff!important;padding:11px 22px;border-radius:6px;text-decoration:none;font-weight:600;font-size:14px;margin:0 10px 8px 0;\">Compare Funds \u2192<\/a>\n  <a href=\"https:\/\/maxiomwealth.com\/meeting\" style=\"display:inline-block;border:2px solid #1C52A0;color:#1C52A0!important;padding:9px 22px;border-radius:6px;text-decoration:none;font-weight:600;font-size:14px;margin-bottom:8px;\">Talk to a Financial Advisor<\/a>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Good move to start investing in a planned and systematic manner! The first thing is to identify what you are investing for, i.e. your goals. Next is to assess your risk profile so that you can then identify which funds to invest in. Start SIPs in the selected funds to meet your life goals. Sit&hellip;&nbsp;<a href=\"https:\/\/maxiomwealth.com\/askguru\/2024\/04\/22\/what-investment-advise-would-you-give-to-a-beginner-i-have-invested-in-mutual-funds-but-mostly-in-elss-now-i-want-to-go-ahead-and-invest-in-other-options-what-would-be-best-plan-for-this-and-are\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">What investment advise would you give to a beginner? I have invested in mutual funds, but mostly in ELSS. Now, I want to go ahead and invest in other options. What would be best plan for this, and are there any apps that can help me manage it?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[129,9],"tags":[],"class_list":["post-1099","post","type-post","status-publish","format-standard","hentry","category-asset-allocation-financial-planning","category-financial-planning"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=1099"}],"version-history":[{"count":1,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1099\/revisions"}],"predecessor-version":[{"id":3672,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1099\/revisions\/3672"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=1099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=1099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=1099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}