I wish to make investments ₹2,000 in a mutual fund development choice for the following 10 years. What are my choices?
—Name withheld on request
When you’re investing in a single fund utilizing a comparatively low month-to-month systematic funding plan quantity, it is necessary that you just select a fund that provides a ‘broad’ publicity. Now, this time period ‘broad’ may imply two issues, and your fund alternative will depend upon which that means you select. One, you would search breadth by way of asset lessons—that’s, search a fund that invests in each the fairness market in addition to the debt market (and/or gold). In that case, you’ll select a hybrid fund or a multi-asset fund. A fund equivalent to DSP Equity and bond fund would match the invoice in case you are in search of a reasonable danger profile on your long-term funding.
On the opposite hand, should you select to go aggressive, you’ll wish to have protection by way of breadth of fairness markets—each home and abroad. That is, you’ll desire a fund that invests freely in each Indian inventory market and abroad inventory market. If you take this route, a fund equivalent to Parag Parikh Flexi-cap Fund could be a sensible choice.
Srikanth Meenakshi is founder, Primeinvestor.in.
Subscribe to Mint Newsletters * Enter a sound e-mail * Thank you for subscribing to our e-newsletter.
Never miss a narrative! Stay linked and knowledgeable with Mint.
Download
our App Now!!
