Please suggest since Market is down, is it good time to invest in MF? If yes, what's your recommended MFs.
Currently I am investing 25k per month in MF - Baroda BNP Paribas Multi Cap Fund, Canara Robeco Bluechip Equity fund GR,CANARA ROBECO SMALL CAP FUND REGULAR - GROWTH and Mirae Asset Large Cap Fund -Growth. 5000 each per month. Can you suggest any new MF where I can invest in addition to above and what are the future of above 4 MF?
Note: I have started investing from last 7 months on monthly basis.
Ans: "It's understandable to wonder if the current market downturn presents a good opportunity to invest in mutual funds. While attempting to ""time the market"" can be challenging, investing consistently over time through Systematic Investment Plans (SIPs) can help average out market fluctuations and potentially benefit from long-term growth.
Your current portfolio with its diversification across multi-cap, bluechip, small-cap, and large-cap funds showcases a thoughtful approach. However, to provide any further insights or suggest additions, understanding your broader financial situation and investment goals is crucial. "