Fairmoves's blog

Let’s face it! We all get busy between managing work, family responsibilities, and daily life, so tax filing can sometimes slip through the cracks. If you're an investor juggling so many things simultaneously, missing your ITR (Income Tax Return) deadline can be a serious mistake. The good news is that there are still ways for you to stay compliant and get back on track, even if you missed the deadline. And it’s best to get help from the best tax planning company in Chennai, such as Fairmoves, so you don’t end up making errors and paying penalties.

When it comes to investing, mutual funds have become one of the most popular options for both new and experienced investors. However, many misconceptions often prevent people from making informed decisions. That's when a mutual fund advisor in Chennai, such as Fairmoves, can help you thoroughly educate yourself about mutual funds and their misconceptions. In this blog, we will bust some common myths about mutual funds and help you understand why they can be a great investment option.

Myth 1: You Need a Lot of Money to Invest in Mutual Funds

Why do we delay Financial Planning when we know we have to do it Anyways?!

If you want to start a SIP but you're afraid of a market crash, it's important to first understand how SIPs work and how market volatility affects them. Once you know this, you'll be better equipped to decide whether starting a mutual fund SIP investment in Chennai is the right move for you.

How Does a SIP Work?

A Systematic Investment Plan (SIP) lets you invest a fixed amount regularly in a mutual fund scheme—usually every month. You don’t have to time the market. No matter if the market is high or low, your money is invested regularly.

Systematic Investment Planning (SIP) is a powerful tool for disciplined investing. By investing a fixed amount regularly in a mutual fund, investors can benefit from rupee-cost averaging and compounding. However, despite its simplicity, certain mistakes can hinder its effectiveness. With the help of an experienced investment advisor in Chennai like Fairmoves, you can understand the risks and rewards of SIP strategies.

1. Investing Without Clear Financial Goals

Systematic Investment Planning (SIP) is a powerful tool for disciplined investing. By investing a fixed amount regularly in a mutual fund, investors can benefit from rupee-cost averaging and compounding. However, despite its simplicity, certain mistakes can hinder its effectiveness. With the help of an experienced investment advisor in Chennai like Fairmoves, you can understand the risks and rewards of SIP strategies.

1. Investing Without Clear Financial Goals