I am 32 years old salaried person. Monthly salary is 50k. I want to diversify 80k in large, mid and small cap mutual funds. Which plans should I choose? Please help as I am new to mutual funds.
Ans: It is not clear how you want to invest 80K from a 50K monthly income. If this is a typo and you meant 8K per month, then for this amount, you don't need to diversify too much. Just pick one passive index fund and a flexicap fund for this and start your SIPs. Even picking one from these two is sufficient. When picking funds, look at the fund vintage and investment philosophy of the AMC/fund manager handling it. Better to go with funds which have seen a full market cycle instead of yet-to-prove newer ones.
If you meant one time Rs 80K to be distributed into funds, then also you can follow the above suggested fund categories.
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