It is one of the most easiest to manage in the first year of investments as we all know how we well planned our investments and safe guarded every document related to it..First year... everyone knows where the money is invested.. What is its worth.. When its getting matured.. Next year.. You know what you did last year.. So.. You go ahead and make additional purchases and new funds.. Then again next year...But Imagine.. Year on Year investments...What would happen. By now we would have accumulated a lot of Statements which we would have received from the fund houses....Statements bundled.. Confusion.. When.. What.. Where... We might change our Mobile numbers.. We stop getting alerts on it.. We might change addresses.. We stop getting certain statements where we have not updated.. We change Banks if completely get dissatisfied..Confusion.. Its not me who is creating it.. Its the times which could be more than my limitations..
We often tend to forget what is invested where .. when our funds are getting matured .. when the funds are out of their lock-in period.. and when our funds are performing better and the most important.. when our funds are performing worser and its time to exit...Its all the mundane problems what almost every investor comes across when poorly managed..
There are many ways to manage our investments... Its definitely an extra cumulative effort every-time but ultimately pays off as and when required.
1. Centrally Dealing and Monitoring funds would be the best option is what I feel.. So.. Its at the top.. Its better to have one online account to purchase all the different flavors of funds though one place. Buying and selling of funds is all at one place and it can happen whenever we want ...Some examples for the same would include like Hdfc, Sharekhan, Indiainfoline, Icici etc..
2. If not having an online process as above, Its better to deal with a single broker of choice who can always do a similar model like above and give u access.
3. If interested in applying directly to different Fund-houses online/offline , Its a bit tedious process as documentation proofs are requirred for each and every fund house when u get into for the first time. Though the funds are scattered in different places, It would be wise to make up an online portfolio in some websites which can help u find and monitor anytime of its worth and performance. Examples includes like Moneycontrol portfolio manager , Valueresearchonline etc..
There goes a lot more thoughts when we get into the managing investments of what we have. Its really not possible to cover up in one single blog.. so.. again.. it would be continued in my subsequent blogs...
Happy Investing!!!!
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