Hello sir... I am Ravi kumar. Already am investing in MF. I want start SIP for my two Sons who are 5 years and 3years old with their names. Plase suggest best mutual funds for long term
Ans: We don't have information about your risk appetite. But assuming that it is at least moderately aggressive, then (assuming) that your long-term horizon is at least 7+ years, you can start investing in a combination of largecap index fund, flexicap fund, midcap fund. Unless you are planning to invest a large amount every month, just limit the number of schemes to 2-3 funds as these give sufficient diversification.
Note (Disclaimer) - As a SEBI RIA, I cannot comment on specific schemes/funds that are provided or asked for in the questions in the platform. And the views expressed above should not be considered professional investment advice or advertisement or otherwise. No specific product/service recommendations have been made and the answers here are for general educational purposes only. The readers are requested to take into consideration all the risk factors including their financial condition, suitability to risk-return profile and the like and take professional investment advice before investing.