
I need guidance on investment in mutual funds. I have a corpus of around Rs 10 lakh. I want to invest the money in mutual funds for around 10 years. Could you please suggest some of the best mutual funds for lumpsum investments? Also, as the market is down currently, I will try to invest as soon as possible.
-Aviral Sharma
If you are interested in investing for 10 years, you can invest in equity mutual funds. That is, if you are ready to take some risks. Since you have not shared your risk profile, it will not be possible to recommend any category for you. We always ask our readers to choose mutual funds based on their risk profile. For example, if they have a conservative risk profile, they should invest in large cap schemes. If the risk appetite is moderate, they can invest in flexi cap schemes. Instead of investing Rs 10 lakh in one go, you can invest the money over a period of a few months. This will help you to average your purchase cost.
Best large cap funds
Best flexi cap funds
-Aviral Sharma
If you are interested in investing for 10 years, you can invest in equity mutual funds. That is, if you are ready to take some risks. Since you have not shared your risk profile, it will not be possible to recommend any category for you. We always ask our readers to choose mutual funds based on their risk profile. For example, if they have a conservative risk profile, they should invest in large cap schemes. If the risk appetite is moderate, they can invest in flexi cap schemes. Instead of investing Rs 10 lakh in one go, you can invest the money over a period of a few months. This will help you to average your purchase cost.
Best large cap funds
Best flexi cap funds
(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
Read More News on
(Catch all the latest news about mutual funds, MF insights & analysis, best buys and investment trends on ETMutualFunds.com)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.