No-fee financial services can be expensive
It is tempting to use no-cost services paid for by other less financially educated customers. But none of us are completely safe from being fooled
Personal finance | Financial planning
Diversification and minimization of investment costs are the two most important rules of investing. For example, low-fee passive index funds, such as the Nifty50 index fund, are better than higher-fee active mutual funds (MFs). So superficially, it would seem that no-fee financial services should be beneficial. In reality, no-fee or absurdly low-fee financial services can ultimately lead to very high costs for investors.
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First published: Monday, August 15, 2022. 00:13 IST