Dilip (25) a management trainee recently started investing in mutual funds through his smart phone. His new smart phone enabled him to do the investment effortlessly without much hassles. On the advice of his manager who himself is an investor in mutual funds, Dilip started systematic investment plans (SIPs) in three mutual fund schemes for a period of 3 years. He has kept those funds in his watch list and gets an update on their NAV status each day. While it’s a good thing that he has started investing at an early age, the daily monitoring of NAV can prove detrimental in his pursuit of earning good returns.
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