5. Address Each Need

Whenever you need cash for any purpose like during a medical emergency or wedding, your portfolio can be modified to provide you with a corpus each time. You can also invest in different funds for each need. But always remember you get what you pay for and you get a higher return only when you are willing to take risk and accept more volatility.

6. Reset Your Goals

When you take any kind of personal loan, your bank or financial institution never allows you to change your priorities and don’t let you reset your goals, but in a mutual fund, if you know how you fund works, it will allow you to tweak your portfolio for your as per need.