Last but not least is Review & Rebalance your Portfolio which comes at
step no 8.
Once you have followed all previous steps religiously and created your portfolio, now the only thing is remaining to review your portfolio at a regular interval of 6 months or 1 year thereafter. And what you are going to do in review... rebalancing your asset allocation to maintain the original allocation i.e. you have to follow static asset allocation ratio.
Understand that money never sinks in mutual funds. If we are not able to generate a return or getting loss on the principal amount, probably we have not followed all these mentioned 8 steps process thoroughly. Remember, MF scheme selection is the sixth step to execute and most of the investors make a blunder by skipping the first five stages.
One can also take the help of a Certified Financial Planner to guide you properly and assist you to maintain Asset Allocation over a period of time to generate a return consistency.
Disclaimer: Mutual Funds investment are subject to Market Risk
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