Need advise on NFO investment

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Dipa asked 7 years ago

Hi i just attended icici mutual fund seminar about the new NFO india opportunities fund. I have never invested in NFO before but in the seminar i found this fund good.. So i came home tried to read about this and found most videos article why not to invest in NFOs Can you please provide info do we really avoid investing in NFOs? And about your review on this icici India opportunities fund Thanks

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Sreekanth Staff answered 7 years ago

Hi, If your investment horizon is long-term, you may pick a large-cap and/or a Mid-cap fund. Related article: https://www.relakhs.com/top-mutual-fund-schemes-2019/

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Sreekanth Staff answered 7 years ago

Hi, May I know if you have any existing investments in Mutual Funds? Why would you like to invest in ICICI Prudential India opportunities fund (NFO)? Related article : ICICI Prudential India opportunities fund (NFO): Avoid or wait & watch

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Dipa answered 7 years ago

Hi yes i have lumpsum investment in icici balanced fund.. I have about 5lakhs in my savings account which i don't require right now so i thought to invest in different funds.. And my goal is only wealth creation..