Redeeming mutual funds in 2 years is a mistake!
The biggest mistake which retail investors do is they don’t stay invested in mutual funds for the long-term. Then how would do they reap the benefits of compounding? Mutual funds data shows that 60 percent of investments get redeemed in two years or so. Only 2 percent of mutual fund AUM stays invested beyond 10 years. If you are in higher returns generating mutual funds, yet you redeem then you are to be blame and no one else.
#PersonalFinance#Miscellaneous#PsychologyofMoney
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