Dear Sreekanth,
Thank you firstly for all the insight provided here, it's invaluable for people like myself. I am a first time investor and have a few questions/worries before I take it forward.
1. I have a lumpsum of 20L to invest and I'd like to invest in a few SIPs; however since market valuations are currently high I'm worried starting all at the same time isn't the best decision. Any thoughts on this?
2. Should I invest using the banks app and demat account (which I've opened) or via MFU? Will I find it difficult as a novice?
3. I would like to invest for a long period of 10-15 years with a risk level of high-moderate, any recommendations will be helpful.
4. My bank has advised me to go for a set of recommended funds, ulip and etf (gold). I'm not convinced about the ulip element. What is your advice?
2 Answers
Hi,
1 & 3 - As your investment time-frame is long-term, suggest you to start investing right away. If you are investing lump sum amount, you may set-up STPs (systematic transfer plan) from low risk oriented debt funds like Liquid funds to Equity oriented funds over the next 6 to 12 months.
Kindly read :
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
https://www.relakhs.com/best-mutual-fund-schemes-2017/
2 - Selecting right set of mutual fund schemes can be a challenging task and executing/transacting the plan is not at all a major issue, as there are plenty of user-friendly platforms.
Kindly note that demat account is not mandatory to invest in MFs.
Kindly read :
https://www.relakhs.com/direct-mutual-fund-plans-buy-online/
https://www.relakhs.com/mutual-fund-direct-plans-vs-regular-plans/
3 - If you are opting for MFs, you may ignore investing in ULIPs.
Regarding gold, kindly go through below articles ;
https://www.relakhs.com/gold-is-it-still-the-safest-and-risk-free-investment/
https://www.relakhs.com/best-gold-buying-options-gold-schemes/
Please login or Register to submit your answer