Mutual Fund – a good alternative from the hoodwinks

Recently, Vini vinc Shastri was a household name among Bangaloreans and he was known for a wrong reason. He had started his company Vini vinc and promised a ransom return upon investing. People were taken for a ride by his words and invested lakhs of rupees. The total cost that needs to be given to investors is estimated to be 203 crores. Investors were bamboozled by Shastri and his team.
What people don’t understand is how an individual can give so much of huge return when practically it is not possible. A bank in India can give you 8% for one year in Fixed Deposit, even if it is compound interested it will not go beyond 16% and then here is a guy who promises to give back 35% returns. The sad part is people are not aware of the investing options like Mutual funds, Stocks and shares, Property investment, Material stocks like gold, silver, platinum etc.
Mutual Funds are one of the safe and secure ways of investing and it also ensures decent returns without much risks. There are various options to choose from for investors. Like, the investment can be locked for 3 year or 5 year period that gives you tax benefit also. There are funds which gives you immediate returns say within a span of 6 months.
Investors must always touch base with a good investing advisor before they start, and advisors would guide them through the process of investing. Of course these investments need to be tracked otherwise, you might suffer setbacks. There are quite a bunch of online investment tracking portals for e.g. Money that keeps a track of your investments and gives you email updates about your portfolio.
Start investing in Mutual funds or Stocks/Shares, your investment would be safe and secure.

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