MFs offer better diversification than direct stocks for investing small amounts
As a student, at the age of 19, where should I invest my pocket money which is around Rs3500 after all my expenses. I already have some direct equity exposure.
Answer by Harshad Chetanwala, co founder, Mywealthgrowth.com
It is very encouraging to see your plans to invest pocket money in equities. The earlier you start, more beneficial it is for you in long term. As you have just started investing, I would suggest you to implement one important rules of investing i.e. always invest keeping an objective and time horizon in mind. Along with this, knowing the different asset classes will help you to take care of your savings and investment in future.
Equities by nature are for long-term investing and you should at least hold them for 5 years or more. You can invest in d ...