I want to invest 30 lakhs in long term (30 to 35 years)for wealth creation, Can you please suggest me some good MF. Thanks.
Ans: Investing 30 lakhs for 30 to 35 years offers a great opportunity for wealth creation. Given your long-term horizon, consider diversifying your investment across various categories like large-cap, mid-cap, and multi-cap funds to balance growth potential and risk. Here are some categories you might consider:
Large-cap Funds: These funds invest in well-established companies, offering stability.
Mid-cap Funds: These focus on mid-sized companies with high growth potential.
Multi-cap Funds: These provide flexibility to invest across market caps based on market conditions.
Remember, while selecting funds, it's essential to consider factors like fund performance, expense ratio, and fund manager's track record. Regularly reviewing and adjusting your portfolio will help ensure it aligns with your long-term goals. Consulting a financial advisor can provide personalized guidance tailored to your needs. Happy investing!