ThinkStock PhotosI am planning to invest Rs 10,000 every month for the next 20 years. I want to create Rs 40 lakh. Please suggest the right mutual funds. My risk appetite is moderate.
--Ritesh Bohra
If you are a long-term investor with a moderate risk appetite, you can invest in flexi cap mutual funds. Flexi cap mutual funds invest across the market capitalisations and sectors based on the outlook of the fund managers. You can invest in a scheme from our recommendation list. Here are our recommendations: Best flexi cap mutual funds to invest in 2022.
Look for our monthly updates. We regularly update our readers about the performance of these schemes. We also suggest replacements if a scheme is performing poorly for a year or more.
It is not clear whether you have included inflation in your calculations while fixing a target for your future goal. Inflation can rob your purchasing power. For example, assuming an annual inflation of 6%, you may need Rs 1.28 crore to achieve your goal of Rs 40 lakh in 20 years. Find out the current cost of your goal. Then provide for annual inflation. This will help you to calculate realistic a target for your long-term goals.
--Ritesh Bohra
If you are a long-term investor with a moderate risk appetite, you can invest in flexi cap mutual funds. Flexi cap mutual funds invest across the market capitalisations and sectors based on the outlook of the fund managers. You can invest in a scheme from our recommendation list. Here are our recommendations: Best flexi cap mutual funds to invest in 2022.
Look for our monthly updates. We regularly update our readers about the performance of these schemes. We also suggest replacements if a scheme is performing poorly for a year or more.
It is not clear whether you have included inflation in your calculations while fixing a target for your future goal. Inflation can rob your purchasing power. For example, assuming an annual inflation of 6%, you may need Rs 1.28 crore to achieve your goal of Rs 40 lakh in 20 years. Find out the current cost of your goal. Then provide for annual inflation. This will help you to calculate realistic a target for your long-term goals.
(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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