{"id":122,"date":"2024-04-12T11:41:07","date_gmt":"2024-04-12T11:41:07","guid":{"rendered":"https:\/\/jamawealth.com\/askguru\/?p=122"},"modified":"2026-03-02T19:35:38","modified_gmt":"2026-03-02T19:35:38","slug":"is-it-wise-to-invest-in-a-mutual-fund","status":"publish","type":"post","link":"https:\/\/maxiomwealth.com\/askguru\/2024\/04\/12\/is-it-wise-to-invest-in-a-mutual-fund\/","title":{"rendered":"Is it wise to invest in a mutual fund?"},"content":{"rendered":"\n

Investing in Mutual Funds is as safe as paying for a train ticket and boarding the train. Wait, How is that similar?<\/p>\n\n\n\n

  1. The train ticket is issued against your name. So is a mutual fund folio.<\/li>
  2. A personal identify check is done against your name (at some point). In mutual fund investments, a KYC check is done as well.<\/li>
  3. Ticket issued against a person cannot be transferred to someone else. So is a mutual fund investment.<\/li>
  4. Any ticket refunds go back to the mode of payment.<\/li><\/ol>\n\n\n\n

    Mutual funds are safer<\/strong> because:<\/p>\n\n\n\n

    1. The money used to pay HAS to come from only the investor\u2019s bank account.<\/li>
    2. Any withdrawal HAS to go back to same account. So how can anyone steal your money, unless they hack your bank account (but that\u2019s a different topic)<\/li>
    3. No body else can change bank a\/c details on your folio to fraudulently take away your money. You must submit a canceled cheque to AMC.<\/li><\/ol>\n\n\n\n

      A Mutual Fund investment is also similar to train travel in many other ways too:<\/p>\n\n\n\n

      1. You can choose where to travel to based on your preferences.<\/li>
      2. The experience can be boring or exciting.<\/li>
      3. Often you do it with and for the family.<\/li>
      4. There may be brokers involved and it is YOUR decision to avoid them to get a better deal. In case of mutual funds, you can avoid them by going for direct plan mutual funds.<\/li>
      5. The journey is ultimately rewarding and takes you to a destination of your choice. With mutual funds, plan well and arrive at a place of safety meeting your life\u2019s financial goals. Happy investing!<\/li><\/ol>\n\n\n\n\n
        \n

        Maxiom Wealth \u2014 Free Tool<\/p>\n

        Is Your Mutual Fund Working Hard Enough?<\/h3>\n

        Two funds with similar star ratings can deliver very different outcomes. Use our fund comparison tool to check if you’re in the right scheme for your risk profile and investment horizon.<\/p>\n Compare Funds \u2192<\/a>\n Talk to a Financial Advisor<\/a>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

        Investing in Mutual Funds is as safe as paying for a train ticket and boarding the train. Wait, How is that similar? The train ticket is issued against your name. So is a mutual fund folio. A personal identify check is done against your name (at some point). In mutual fund investments, a KYC check… Read More »Is it wise to invest in a mutual fund?<\/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":[38,39],"tags":[],"class_list":["post-122","post","type-post","status-publish","format-standard","hentry","category-mutual-funds","category-mutual-funds-book"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/122","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=122"}],"version-history":[{"count":1,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/122\/revisions"}],"predecessor-version":[{"id":4143,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/122\/revisions\/4143"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}