Investing in mutual funds

Q & A Forum › Category: Mutual Funds › Investing in mutual funds
devendrakumarc asked 10 years ago
Hi i want to  start investing in mutual funds can you please advise how to go and i want to invest in a lumpsum amount in mutual funds for one time. Please advise which  will be the best fund to  go on .
5 Answers
Sreekanth Staff answered 10 years ago
Hi, May I know your investment objective(s) and time-frame? Suggested readings : https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/ https://www.relakhs.com/best-mutual-fund-schemes-2017/
devendrakumarc answered 10 years ago
HI sreekanth, Thanks for the above link. My objective is to start saving for my son  who  is one year  hold . i want to start with sip so dont have  knolwedge require your assistance. Time frame is for 15 years    
Sreekanth Staff answered 10 years ago
Hi, You may pick one Diversified equity fund, one balanced fund and one Mid-cap fund. Ex : Franklin Prima plus / Birla Equity fund, HDFC Balanced fund and Mirae Asset Emerging Equity fund. Kindly read: https://www.relakhs.com/best-mutual-fund-schemes-2017/  
devendrakumarc answered 10 years ago
 Hi sreekanth , still  i have some queries in investing in longterm . is it better to  go for mutual funds or insurance  for  longterm . if go for insurance what will  be my returns and i want to know how will  be the policy  of hdfc young star udan .if i take in my name which will  benefit my child for 20 years. please suggest good  way of investing for 20years for a month i can save upto  4k. Thanks  
Sreekanth Staff answered 10 years ago
Hi, Kindly do not mix insurance with investments! If your objective is to get Life cover, buy a Term insurance plan. That would be more than enough. For wealth accumulation for your long-term goals, mutual funds can be a better and prudent choice. Kindly go through below articles; https://www.relakhs.com/calculate-kids-education-goal-amount/ https://www.relakhs.com/traditional-life-insurance-plan/ https://www.relakhs.com/insurance-importance-life-health-accident-covers/ https://www.relakhs.com/term-insurance-plan-a-waste-of-money/ https://www.relakhs.com/financial-planning-pyramid-wealth-protection-accumulation-distribution/ https://www.relakhs.com/best-online-term-insurance-plans-india/
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