Please tell about two mutual funds in which I should invest two lac rupees for a long time (8 to 10 year) and tell about two SIP in which I should invest rs. 5000/- per month
Ans: Hi Kiran. Thank you for writing to me. As you mention you have a corpus of Rs.2 Lakh you can invest, I advise you to start a Systematic Transfer Plan by first investing the amount in a liquid fund or overnight fund and then the fund would house would automatically redeem an amount from the liquid fund and invest it into an equity scheme. This way you get the benefits of rupee cost averaging.
You can consider starting a Systematic Transfer Plans as follows:
1-Invest Rs.1 Lakh into Samco Overnight Fund and start a Monthly STP of Rs.5,000 investing into Samco Flexicap Fund.
2-Invest Rs.1 Lakh into Edelweiss Liquid Fund and start a monthly STP of Rs.5,000 investing into Edelweiss Nifty 100 Quality 30 Index Fund.
For the additional SIP's, you can consider investing in:
1-DSP Quant Fund-Rs.5,000 per month.
2-UTI MNC Fund-Rs.5,000 per month.