In all, the 17 mutual funds had about 25.6 lakh SIP accounts by end of June 2010.Together, they managed SIP assets of Rs 20,600 crore.In spite of improved market conditions compared to 2008-09, the average ticket size of new SIPaccounts has not increased substantially. The national average has moved to Rs 2,190 from Rs2,100 reported in 2008-09.
QUALITIES OF A SMART INVESTOR:1)
Smart investors have a plan for investing, and they stick to it:
It is very easy to betempted by a tip about a hot stock. However this is not the way Smart investors invest. For example, if they are 40 years old and have twenty years until retirement, they implement a 20-year investment plan. They only buy securities that they have researched.
2) Smart investors invest consistently:
They generally use to methods to do this. First, theyinvest a part of their funds in securities with a growth potential (like stock & mutual funds).Second, they keep adding to their investment principal regularly.
3) Smart investors are patient:
It often takes time for a good investment to show results. Theyunderstand this, and therefore do not get excited about the daily ups and downs of the market.Smart investors don’t expect instant growth.
Smart investors are not emotionally tied to their
They know that to be successful, they must not be emotional towards their investment. No matter how attractive aninvestment looks or how badly an investment has performed recently, selling at the right time is just as imporant as buying. They are aware that no investment will move up forever, and theyare able to sell it when right.
Common errors in Investment Management
Investment mistakes happen for a multitude of reasons, including the fact that decisions are madeunder conditions of uncertainty that are irresponsibly downplayed by market gurus andinstitutional spokespersons. Losing money on an investment may not be the result of a mistake,and not all mistakes result in monetary losses. But errors occur when judgment is undulyinfluenced by emotions, when the basic principles of investing are misunderstood, and whenmisconceptions exist about how securities react to varying economic, political, and hystericalcircumstances. Avoid these ten common errors to improve your performance:
Investment decisions should be made within a clearly defined Investment Plan. Investing is agoal-orientated activity that should include considerations of time, risk-tolerance, and futureincome... think about where you are going before you start moving in what may be the wrong