Hi Sir, I am Anupam , a doctor by profession. I am a Medicine Specialist with a good private practice . My annual income comes to around 15 lakhs . I want to invest in Mutual Funds . My goals ultimately remain in building my own hospital setup. Which mutual fund is advisable for me ?
Ans: Given your profession and goal of setting up your own hospital, you have a long-term horizon and a good income to support investments. Considering your goal and the need for capital appreciation over time, here's a suggestion:
Equity Mutual Funds:
Large Cap Funds: These are less volatile and provide stability over the long term. They invest in well-established companies.
Mid and Small Cap Funds: These have higher growth potential but come with higher volatility. Given your longer time horizon, they can be a part of your portfolio for potential higher returns.
Suggested Allocation:
Large Cap: 50%
Mid & Small Cap: 30%
Debt Funds: 20% (For stability)
Remember, it's essential to periodically review and adjust your portfolio based on performance, market conditions, and your financial situation. Consulting with a financial advisor can provide personalized advice tailored to your needs.