My 25-year-old son who is working in IT wants to invest in MF for 10 to 15 years duration. He can invest 10,000 to 12,000 monthly. Can you please suggest few funds for him? Is ET Money Apps (Direct fund) safe for investment??
Ans: A basket can be created from these funds. Investors with proper understating of the mutual fund and those who would not require any guidance for qualified financial advisors should only take direct route.
Multicap: Suitable options considering quality and value for money at present levels are UTI Equity Fund, Axis Multicap and Motilal Oswal Multicap 35
Focused: Suitable options considering quality and value for money at present levels are Axis Focused 25, Motilal Oswal Focused 25
Midcap: Suitable options considering quality and value for money at present levels are DSP Midcap and Axis Midcap