Always keep a track of the validity of reward points along with various terms and conditions related to their redemption
Let’s take a look at 5 scenarios when one can choose to redeem his mutual fund investments
A financial plan will give a clear direction to your investments, help in instilling financial discipline and ensure regular investments at optimal risk
If used wisely and in a disciplined manner, it can help manage your cash flow, reduce the cost of purchases and avail various free lifestyle benefits
Idle saving accounts with poor features should be done away with as continuing with them can result in opportunity loss of generating higher returns from alternative instruments
Lack of fundamental understanding about mutual funds and capital markets may lead new investors towards wrong investment decisions
Many risk-averse investors also use fixed deposits to achieve their long-term goals. However, low investor awareness regarding bank fixed deposits often lead depositors to make sub-optimal investment decisions while opening fixed deposits