
To have a smooth financial journey, it is important to start early. Apart from starting early, you also need to make sure that the portfolio created is well-diversified, and other than starting early, it is also very important to stay disciplined. One of the ways you could achieve things like a diversified portfolio is by opting for mutual funds. To maintain disciplined investing, you could opt for systematic investment plans or SIPs. But it is important to make note of one important fact mutual funds are not a monolith and several variants of mutual funds are available as an option. Read below to learn about what index funds are and why it is important to have them as a part of your investment portfolio.
One of the numerous types of mutual funds, index funds for being one of the prominent examples of an investment scheme that is passively managed. These …