Planning for a one time investment in mutual funds for long periods, can you please suggest an appropriate MF
Thanks in advance
Ans: For a long-term one-time investment in mutual funds, consider diversified equity funds. These funds invest across various sectors and market capitalizations, providing growth potential over the long run. Look for funds with a consistent track record of performance, experienced fund managers, and low expense ratios. Additionally, consider your risk tolerance and investment horizon when selecting mutual funds. While past performance is not indicative of future results, historical performance can provide insights into the fund's management strategy and ability to navigate different market cycles. It's advisable to consult with a financial advisor to identify mutual funds that align with your financial goals and risk profile.