Hi Sir. I'm Sankhajit. My age is 41. I want to invest 5 lakh as lump sum in MF for 20 years. Please suggest me the funds where I can invest.
Also I want to invest 10k/month in SIP for 20years.Suggest this funds also.
Ans: For a lump sum investment of ?5 lakh for 20 years, consider diversified equity funds or index funds for stability and growth potential.
For ?10k/month SIP, diversify across large-cap, mid-cap, and flexi-cap funds to balance risk and return over the long term.
It's essential to choose funds aligned with your risk tolerance and financial goals. It's advisable to consult with a financial advisor to select funds that suit your needs best.