I am 40 years old and I am looking to invest 16k every month (4k per SIP) with a horizon of 10years. Please suggest.

Ans: The top rated schemes across Equity schemes at fair value are as under, you may invest as  also invest as per your requirement or even create a basket of funds…

Multi Cap:

• Motilal Oswal Multi Cap 35 – Growth
• UTI Equity Fund – Growth

Mid Cap:

• DSP Mid Cap – Growth
• SBI Magnum MID CAP FUND - GROWTH

Focused:

• Axis Focused 25 – Growth
• SBI Focused Equity Fund - Growth

Large & Mid Cap: Tata Large & Mid Cap Growth

Large Cap:

• LIC large cap fund – growth
• Mirae Asset large cap – Growth
• Axis BlueChip fund - Growth

Small Cap:

• Kotak Small Cap – Growth
• Axis Small Cap - Growth

Ans: you can start sip in HDFC sensx fund PGIM mid cap opportunities fund Nippon small cap fund and PPFAS flexi cap fund

Ans: start with a large cap mutual fund any 4 + star rated one

Ans: considering your long-term wealth creation goal, you can consider investing in a diversified portfolio of mutual funds. Here's a broad strategy:

Large Cap Funds: These funds invest in well-established companies with a track record of stable performance. They offer stability and moderate growth potential over the long term.
Mid Cap and Small Cap Funds: These funds invest in mid-sized and small-sized companies with high growth potential. They can offer higher returns but come with higher volatility.
Multi-Cap Funds: Multi-cap funds provide flexibility to invest across companies of different market capitalizations. They offer a diversified approach to wealth creation and can adapt to changing market conditions.
Index Funds: Consider including index funds that track broad market indices like Nifty 50 or Sensex. They offer low expense ratios and provide exposure to the overall market.
Balanced Funds: Balanced funds, also known as hybrid funds, invest in a mix of equities and debt instruments. They offer a balance between growth and stability, making them suitable for long-term investors.
Systematic Investment Plan (SIP): Invest systematically through SIPs to take advantage of rupee-cost averaging and mitigate the impact of market volatility.
Before finalizing your investment strategy, assess your risk tolerance, investment horizon, and financial goals. Consider consulting a Certified Financial Planner to create a personalized investment plan tailored to your needs. Remember, patience and discipline are key to long-term wealth creation.