Then, in 2008, when equity markets fell sharply and the net asset values of such funds fell too, investors pulled out,” Chadha said. He remembers being reprimanded by a client in those days, to whom he did not sell an equity fund but his bank had. Poor asset allocation: By chasing hot products, investors get their asset allocation wrong. But investors must stick to their asset allocation at all times, good and bad,” he adds. Too much credit card debt: Chadha says that it is common among many people to display their wealth.

Source: Mint August 13, 2017 22:18 UTC