How can you track your mutual fund investment?

It’s easy to get confused with the extent of information regarding mutual funds accessible on the Internet, especially for novice investors. Many people opt to entrust their assets to a financial advisor in a passive manner. While advisers are valuable and often indispensable companions in your financial journey, investors should have at least a basic understanding of their assets — and this does not always need reading over huge and exhilarating information.

Investing in mutual funds is only the first step. After you’ve invested, you’ll want to keep track of how well it’s working. It is critical to understand the performance of your investment at regular intervals and to make them align with your goals and objectives. Keeping a track of your investments along with other developments is a good investment practice. Here, comes the role of the mutual fund tracker app which tracks the growth in the rate that the fund pays.

Financial experts emphasise the necessity of keeping track of your mutual fund investments. A fund portfolio does not need to be monitored daily, but investors should evaluate it at least once every quarter or six months.

How can you find out more about the mutual fund scheme in which you have invested my money?

The mutual fund tracker, which is provided on the monthly basis by each fund house, contains most of the data about the portfolio of the scheme in which you have invested. This mutual fund tracker is widely accessible on the fund’s website. It describes each plan and the portfolio of equities included in the scheme. It shows how the scheme compares to its benchmark, as well as the annualized return and significant statistics including expense ratio, standard deviation, beta, and Sharpe ratio.

How to compare your fund to other funds in the same category?

To determine how well your fund is performing, compare it to other funds in the same category. You may keep track of how your plan compares to its counterparts in the same category by examining performance across different time frames such as quarterly, half-yearly, or yearly.

Track your Mutual Funds’ investments with the Mutual Fund Tracker App: This allows you to be informed of and up to date on the main details of their fund. These small nuggets of knowledge are a suitable starting point for an investor due to their simple style and an emphasis on easily digestible material. This mutual fund tracker app helps potential investors to monitor the performance of the fund and also the units bought and sold by the investors. 

A few things must be taken into consideration:

Total Expense Ratio (TER): Before investing in a fund, you should investigate its TER. High TER may quickly wipe out good results. It takes into account the total expenses the fund house is making while generating returns for investors.

Risk Appetite: The mutual fund tracker app will indicate how risky a fund is. A fund may be overly risky or too income-focused for you, depending on your age and other assets.

Returns: The mutual fund tracker app will indicate the fund’s performance for the last year, three years, five years, and so on. This is essential to understand before purchasing a fund since it provides a glimpse of the fund’s history and present trends.

To Conclude, you don’t have to be a market expert to keep track of how your mutual funds are performing. While there is always a time and place to seek professional advice, everyone who wants to make investing a part of their lives must start somewhere. Tracking Mutual Fund Investments using the mutual fund tracker app is a good place to start. And you should refer to respective apps regularly to monitor how well your assets are performing.

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