iStockCan I know which mutual funds are better for retirement and tax-saving purposes? Can you suggest some schemes?
-Sai Prasad
You can use regular mutual funds to build your retirement corpus. However, since you have not shared your details like investment horizon and risk profile, it is not possible to suggest any mutual fund schemes.
If you are a conservative investor, you should invest in a large cap mutual fund. If you are are a moderate investor, invest in a flexi cap mutual fund scheme. Do not invest in risky schemes since you look like a new investor. Do not stop your investments when the markets become volatile. Investing regularly over a long period is the only way to make money from the stock market.
Best large cap funds
Best flexi cap funds
If you are looking to invest in tax-saving schemes to save taxes under Section 80C, you can invest in these schemes. Best ELSS funds
-Sai Prasad
You can use regular mutual funds to build your retirement corpus. However, since you have not shared your details like investment horizon and risk profile, it is not possible to suggest any mutual fund schemes.
If you are a conservative investor, you should invest in a large cap mutual fund. If you are are a moderate investor, invest in a flexi cap mutual fund scheme. Do not invest in risky schemes since you look like a new investor. Do not stop your investments when the markets become volatile. Investing regularly over a long period is the only way to make money from the stock market.
Best large cap funds
Best flexi cap funds
If you are looking to invest in tax-saving schemes to save taxes under Section 80C, you can invest in these schemes. Best ELSS 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.)
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