I am 24 years old. I'm new to MFs, so I want to know about returns and risks involved.
I want to invest Rs 15,000-20,000 every month in MF.
Can you please suggest which SIP will give highest returns on long term investment (15-20 years) or more than that?
Awaiting for your response.
Ans: Investment in mutual funds is subject to market risk and each fund comes with a risk-o-meter. It is pertinent that you assess your risk profile and accordingly invest in mutual funds.
Equity funds are good for long term investments; however, they are high risk investments.
You may consider Axis ESG Equity Fund (Growth) and Motilal Oswal Focused 25 Fund (Growth).