Make Your Investments Goal-Oriented With Focus On Allocation

Ashok Khivsara, 65, is a businessman and a father of two children and four grandchildren. Over the last 40 years, he has been in the business of trading steel and manufacturing doors and frames. However, he had no investments. It was at the age of 60 that he started investing. But, as it is said, better late than never, he made up his mind to invest in a regular and systematic manner. In 2017, Ashok began his investment journey on his own without any professional help. He chose mutual funds to start with. Rather than going for a lump sum amount, he opted for systematic investment plans (SIPs). He ensured that the SIP amount was deducted regularly without any pause. Ashok was happy to maintain the discipline in his investment approach, but after two years of continuous investments, he noticed that the value of his overall portfolio had got eroded by 15 per cent compounded annual growth...