Radhika Gupta, the Chief Executive Officer at Edelweiss Mutual Funds shares 6 nudges for better investing. Learn how simple investment advice and tips can help you achieve financial independence.

Investors tend to get distracted from their long term goals due to short term market volatility. This should ideally not happen. These 6 investment tips with regards to your mutual fund investing can come in handy when markets are volatile and uncertain:

1. Humans respond well to incentives. Advisors can incentivize investors and investors can rewards family members showing good investment behavior.

2. Investing concepts need to be mapped to your reality: You need to know how investments in different plans can impact your future ahead. Example, investing INR 10,000 in a monthly SIP for 10 years may help you get a 1BHK flat, whereas a monthly SIP investment of INR 20,000 may help you get that 2 BHK flat. Know more on investing in SIP by visiting : [ Ссылка ]

3. Default: Default options like perpetual SIPs in mutual funds, choosing nominees in bank accounts and the default automated top up sip need to be chosen wisely.

4. Feedback: As advisors you need to give investors proper investment advice related what kind of returns they can earn when the markets are on the top as compared to when the markets are comparatively low.

5. Errors: Advisors and investors can avoid making predictable errors.

6. Structuring Complexity: As investors and advisors it is important to structure the complex problem of investing into a few goals that can be solved by a core category of funds.

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