i want to invest Rs 50000 as lumsum amount in mutual fund for 10 years, which mutual fund should i invest
Ans: The Indian stock market is currently at an all-time high and very volatile, and the outlook for the next 10 years is positive. However, there are a few factors that could impact the market in the short term, such as the ongoing war in Ukraine, inflation, and interest rate etc.
Mutual funds are a good way to grow your wealth over the long term.
When choosing a mutual fund, consider your risk tolerance and investment goals. Do your research before investing in any mutual fund.
Some good mutual fund categories for a lump sum investment of Rs 50,000 for 10 years include:
Large cap mutual funds: These funds invest in the largest and most established companies in India. They are relatively less risky than smaller cap funds, but offer lower potential returns.
Flexi-cap mutual funds: These funds invest in a mix of large cap, mid cap, and small cap companies. They offer a good balance of risk and return.
Small cap mutual funds: These funds invest in smaller companies with high growth potential. They are riskier than large cap and multi-cap funds, but offer higher potential returns
You can just good and look for the best funds to invest in.
You can invest in mutual funds directly through the mutual fund company or through a mutual fund distributor.