Why becoming a financial minimalist can be a good thing?| Part 1

In today's world, there are loads of ways to invest your money and plenty of financial advice. But all these choices can get you tangled up in complex financial situations, which can cause stress.For example, a report from Edelweiss Asset Management says that in India, about 140 million people have invested in mutual funds, with each person typically putting around three thousand rupees a month into four different funds. Surprisingly, about 67% of this money ends up going into just the top 50 companies.So, even though people try to spread their money across different funds, it often ends up in the same place.In the first part of this episode, we will talk about the benefits of becoming a financial minimalist. We will explain what it means and why you might end up in this financial mess.For tips on how to simplify your investments and be a financial minimalist, check out part 2 of this episode.*Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.Registration granted by SEBI, membership of BASL and certification from National Institute of Securities Markets (NISM) in no way guarantee performance of the intermediary or provide any assurance of returns to investors.