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During my recent trip to Kanpur city, I addressed an investor event where a young investor asked me,
“There are 1000s of MF schemes and 40+ AMCs, how do I choose the right one?”
Surprisingly, at the same event, present was a very famous orthopaedic surgeon from North India.
I asked the young investor, if you had a knee problem, would you Google the answer and try to fix your knee yourself, or would you talk to the well qualified gentleman standing next to us?
His answer was clearly that he would consult the expert. I asked him then,
“Then why is it different in investing?”
We are happy to consult experts when we have a tax problem, a legal problem or a medical problem, then why not when we have a financial problem?
Forget us, even the sharpest of minds relied on advisors like Chanakya for political advice.
Edelweiss mutual funds, CEO