I am 46 years old and am planning to invest in some mutual funds which can give good returns in 5-6 years.
I am looking to invest Rs 2.5 lakh lump sum.
Please suggest if I should divide it between more than 1 or 2 MFs.
Also, since the market is high at the moment, is it the right time to invest lump sum now?
Ans: Please avoid lump sum; instead, stagger it in 12 months via SIP or STP.
These funds can be considered
- Axis ESG Equity Fund (Growth)
- Parag Parikh Flexi Cap Fund (Growth)
- SBI Magnum Global Fund (Growth)
- DSP Quant Fund (Growth)