This Navratri, learn these 5 money lessons to boost your kitty

Indians have a habit of making investments on auspicious occasions. People make such decisions on the occasion of festivals and now from April 6th (Saturday), Navratri (called Chaitra Navratri) is all set to begin and hence markets are expecting some money to be pumped in during the festival. There can be various avenues for making investments but equity, commodity, mutual funds, SIPs, bonds, etc. are expected to attract major traction. However, this Navratri there are some lessons that an investor must learn before making any investment decision about where to put her/his hard earned money.

Speaking on the kind of investors SEBI registered investment expert Jitendra Solanki said, "It depends upon the category of investors. If the investor believes in high-risk investment then she or he can opt for direct equity market investment and commodity investment while those who believe in low-risk investment with some assured returns then mutual funds are home for their money while for risk-free investors bank FDs are their most opted choice."

However, whichever option would be the choice of an investor, there are some lessons that an investor must know before making any investment decision this Navratri. Here are the top five lessons that an investor can think of going through this Navratri:

1] Don't rely on expert tips only

It is always advisable to get expert tips while making any investment decision but one needs to make sure about the tips before making any investment decision. Whether it is equity, commodity, mutual fund or FD, one must do some search about the limitations of the expert tip or tips. it may help him or her to ensure the safety of their hard-earned money.

2] Risk management

Even if you are in the category of those investors who believe in high risk, it is advisable to invest some of your savings into the low-risk investments and some assured return investment options. One needs to make arrangement for those times also when he or she needs to dispense money for unplanned expenditures like prolonged illness, medical emergency or may a sudden demise of the investor or any other member of his or her family. So, don't over commit towards your investment and have some money in those investment options where you can fish out your money without any losses or penalty.

3] Step by step investment

It has been found that people show some kind of urgency when they have a surplus amount in their kitty. However, experts always advise investing in step by step manner means don't infuse your entire fund in one shot. Take your time, use your funds in a calibrated manner so that you insulate any kind of probability of losses.

Speaking on this matter Jitendra Solanki said, "It has been found in the majority of the investors, especially in the equity and commodity market that they ask for an extra limit from their broker firm while investing. Though, the best way of investment is to infuse around 60 per cent of your net fund available in your equity or commodity account. It helps you negate chances of infusing more money in case the market behaves negatively to the expert tips."

4] Scrutinise your investment

It is also a major problem being found among the lower risk and risk-free investors that they do not scrutinise their fund's performance post-investment. In such a case, the investor might lose some chances of switch options which helps increase the return fortunes.

5] Fill each and every information

It has been found that people leave the majority of the information blank while opting for the investment option, especially the nominee details. It may create a problem for your family after your demise. So, make sure that all your investments have a clear mention of your nominee so that your family doesn't need to face any difficulty in withdrawing your investment in case you die before the maturity of the investment. Even in your saving bank account, you must mention the name of your nominee so that your family can get hold of your savings when you are no more with them.

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These five lessons may help you boost investment returns this Navratri, which is beginning on April 6th.