Want to invest in mutual funds, what are the available options , is there any way some can control them instead of me.
Im planning to invest 10k per month on mf, my salary is 60k per month. Im married and have expenses of 25k per month
Ans: Hello;
You may invest in the name of your spouse.
Also seek help from a mutual fund distributor who may handhold and guide you during the course of your investment journey so to avoid greed and panic during market ups and downs and manage your asset allocation as per your age, profile and risk appetite.
Mutual funds are available according to your needs which could be:
1. Retirement planning
2. Long-term wealth creation
3. Fixed income
4. Moderate to low risk
5. Parking of emergency funds
7. Short to medium term investment
You may begin by initiating a 10 K monthly sip into Canara Robeco ELSS tax saver fund.
This is tax exempt under 80-C upto a limit of 1.5 L per financial year.
It has a lock-in of 3 years.
Happy Investing!!
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*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.
