Top 10 Things Orthopods Need to Know before Investing in Mutual Funds

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Journal of Clinical Orthopaedics | Vol 9 | Issue 2 |  July-December 2024 | page: 08-10 | Sachin Kale, Arvind Vatkar, Sanjay Dhar, Pramod Bhor

DOI: https://doi.org/10.13107/jcorth.2024.v09i02.644

Submitted Date: 03 Oct 2024, Review Date: 10 Oct 2024, Accepted Date: 24 Nov 2024 & Published Date: 10 Dec 2024

Author: Sachin Kale [1], Arvind Vatkar [2, 3], Sanjay Dhar [1], Pramod Bhor [2]

[1] Department of Orthopaedics, D.Y Patil School of Medicine and Hospital, Navi Mumbai, Maharashtra, India,

[2] Department of Orthopaedics, Fortis Hiranandani Hospital, Navi Mumbai, Maharashtra, India,

[3] Department of Orthopaedics, MGM Medical College, Navi Mumbai, Maharashtra, India

Address of Correspondence

Dr Arvind Vatkar,

Department of Orthopaedics, Fortis Hiranandani Hospital, Vashi, Navi Mumbai, Maharashtra, India.
E-mail: vatkararvind@gmail.com.

Abstract

Investing in mutual funds may be intimidating for orthopedic surgeons, who are used to the complexity of surgery but are not usually familiar with financial markets. The Top 10 Things an Orthopaedic Surgeon Should Know Before Investing in Mutual Funds is a practical guide for surgeons to navigate the complex world of mutual funds efficiently. It covers important topics including identifying financial objectives, comprehending several types of funds (equity, debt, and hybrid), and determining risk tolerance at different phases of one’s career. The essay also describes the principle of compounding, defines financial jargon such as CAGR and XIRR, and distinguishes between direct and regular mutual fund programs. It also looks at theme and sectoral funds, emphasizing the need for diversity in risk management.
Keywords: Orthopedic investments, financial planning, mutual funds, power of compounding, thematic mutual funds, tax on mutual funds

 

How to Cite this article: Kale S, Vatkar A, Dhar S, Bhor P. Top 10 Things Orthopods Need to Know before Investing in Mutual Funds. Journal of Clinical Orthopaedics July-December 2024;9(2):08-10.

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