I am an NRI, 37 yrs old. I am planning to invest Rs 50,000 in MF every month. I will not need immediate cash from this for next 23 years. Can you please suggest growth funds for me? I aim to maximise the growth for 23 years, so ready to take high risk. In addition, I also have a lumpsum of 20Lakhs. I want to invest this in MF, but worried about the current market levels. Can I put this in Liquid fund and SIP slowly into growth funds? I have recently done KYC and created online account only with the following fund houses, so can you please suggest direct funds with them only?
Ans: ICICI PRUDENTIAL – Go for ICICI US Bluechip Fund - Growth
SBI MF – Go for SBI Global Equity fund -- Growth
HDFC MF – Go for HDFC Sensex Index Fund -- Growth
AXIS MF – Go for Axis ESG Equity Fund Growth
UTI – Go for UTI Flexi Cap Fund - Growth