According to Alok Kumar Agarwal Alankit, investing in mutual funds through SIP (Systematic Investment Plan) is the best approach for new investors. Starting with an index fund is safer due to lower volatility. However, investors should be prepared for market fluctuations when venturing into equities. Alankit suggests focusing on long-term investments to benefit from compounding.
Mutual funds are user-friendly, often accessible through brokerage accounts or directly from fund companies. Nowadays, numerous apps simplify the investment process, making mutual funds accessible for beginners. Another advantage is liquidity, meaning how easily an investment can be converted to cash. Most mutual funds allow buying and selling on any business day, offering a liquid investment option."
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