I AM 38 YEAR FEMALE I WANT TO INVEST 5000 PER MONTH NEW TO MF BUT NOT CERTAIN ABOUT MY JOB SO NEED TO INVEST ONLY FOR 3 OR 5 YEARS WHICH CAN BE THE BEST PLAN
Ans: If you plan to invest Rs 5000 monthly continuously for at least 3-5 years, and ALSO are willing to hold this investment for at least 5-7 years, only then consider putting money in equity funds. You can do a monthly SIP in any good largecap index fund, flexicap fund or if you don't want to invest fully in equities, then can consider Aggressive Hybrid Funds (which have 60-70% in equities. But be reminded that when investing in these funds, you should be willing to hold on to for at least 5-7 years even if you stop fresh investments after 3-5 years because of your job. Also, make sure you have an emergency fund in place as you have mentioned about job insecurity.
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