I recently retired after four decades of active career in a leading PSU. I want to start investing in mutual funds. What is the best way for me to track the performance of my mutual fund investment?
It's better to invest in a mutual fund and track the performance intermittently
I recently retired after four decades of active career in a leading PSU. I want to start investing in mutual funds. What is the best way for me to track the performance of my mutual fund investment?
Vinod Kumar Jha, Patna
Congratulations on having entered the retired stage in life. You can invest in mutual funds through both offline and online mode depending on your convenience. If you invest online, you can set an automatic daily update on the NAV of the fund you have invested in, to know how the fund has fared. However, the very purpose of investing in mutual funds is defeated if you plan to track the NAV every day. You should invest in a mutual fund and track the performance intermittently. If you are not connected online on a regular basis, you will receive a half-yearly statement of account, which details the performance of your mutual fund that you could explore and stay updated. Most leading business newspapers regularly come up with data on the NAV of funds—you could also look up to them and track the performance of your mutual fund investment.