This is Jit Singh from Surat, i have 4 lakh in my savings bank account, i want to invest in mutual funds with rs. 5000 per month for 4 years, so my query to you - is this right way to invest?
3 Answers
Hi,
May I know your investment objective? How long would you like to remain invested?
Hi,
You may pick an hybrid - MIP fund.
In case your would like to take some higher risk then consider opting an equity oriented balanced fund (but suggest you to remain invested as long as possible).
Kindly read :
https://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/
https://www.relakhs.com/best-balanced-mutual-fund-schemes-review/
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