When it comes to investing in mutual funds, you have several options to choose from, each with its own advantages and considerations:

1. DIY (Do It Yourself) Investing

You can take the initiative to research and select mutual funds independently. This approach involves:
• Researching: Browsing through thousands of mutual funds available in the market.
• Knowledge & Expertise: Having a solid understanding of investment strategies, market trends, and asset allocation to make informed decisions.
• Platforms: Investing directly through platforms like Groww, Coin, or directly via Asset Management Companies (AMCs).

Considerations: DIY investing requires significant time and expertise. It may not be suitable for everyone, especially those who are new to investing.

2. Registered Investment Advisors (RIAs)

If you prefer a more guided approach, you can work with Registered Investment Advisors (RIAs):
• Advisory Fees: RIAs typically charge annual fees plus a percentage of profits generated from your investments.
• Ideal for: This option may not be cost-effective for individuals with lower savings, as the advisory fees can be relatively high.

Considerations: While RIAs provide personalized advice and portfolio management, the costs can add up, making it less accessible for some investors.

3. Miles Wealth

Miles Wealth combines the benefits of DIY investing and professional guidance:
• No Extra Fees: There are no additional charges for using our platform. You don’t need to pay anything out of your pocket.
• Expert Guidance: We help you select mutual funds that align with your financial goals and risk tolerance, without requiring extensive research or expertise from your side.
• Regular Mutual Funds: We offer access to regular mutual funds, where we earn a small commission (around 0.5-0.75%) from AMCs for guiding you to the right funds. This commission is included in the expense ratio of the mutual funds, which is slightly higher than direct plans.

Considerations: By choosing Miles Wealth, you gain professional support without the burden of high advisory fees, making investing more accessible and tailored to your needs.