Gen Z Corner

Always Invest After Evaluating Your Financial Goals Ashmita Singh, Noida I am 22 years old and have just started working. I want to invest in equity mutual funds. How do I choose one? What parameters should I consider? Many default to equity mutual funds as a first-time investment. I would advise you to first evaluate your savings objective and financial goals, and based on your goals, choose the right instruments. For short-term goals, debt mutual funds would be a better option than equity mutual funds because they are less risky. But if you have a higher risk tolerance and a longer time horizon, equity mutual funds would be good. That said, a little exposure to different asset classes will diversify your portfolio and improve the risk-return profile. For mutual funds, always check their ratings from multiple sources. Filter out the ones that have been consistently ranked high over...