I am 65 and want to start investing in mutual funds, but I cannot invest online because of poor sight. How can I track the fund’s performance offline?
Prema Gopalan, Bangalore
Your zest to invest is very encouraging for others, despite the limitation that you have mentioned. Investing can be done both offline and online and the choice is yours. Most financial intermediaries allow you to access your investments online, which is not much of a use to you. You could work on a system that you are handed a print of the investments you have made, which could then be used by you to mark on their performance.
You could also check the NAV of the funds that you invested in, in the newspapers, which carry them regularly. The performance of the funds that fall in the OLM Elite universe is carried by us every month in the magazine.
These days, the consolidated account statement of investments is shared by depositories such as NSDL, which you could explore in detail in the physical form to keep tabs on how your investments are faring. The depository services providers will also send you a comprehensive, consolidated account statement once every six months, which will detail all your holdings and transactions for the past six months, which is a good time frame to evaluate the performance of your mutual fund investments.
