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Head, Rank MF - Answered on Dec 14, 2021

Asked on - Dec 14, 2021Hindi

I want to start investing in MFs. I am a student. I can invest Rs 5,000 per month in any good MF to get 15-16 per cent returns.

I want to remain invested for around three years.

My goal is to collect Rs 5 lakh at the end of the third year.

Please suggest the best MF. And also suggest the best platform to do this.

Ans: Rs 5,000 per month for three years will not be sufficient for a corpus of Rs 5 lakhs.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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