Best mutual funds to build a corpus of Rs 50 lakh in 10 years
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You should always choose your investments based on your financial goals, investment horizon, and your risk profile. Ideally, you should choose debt mutual funds to achieve your short-term goals, and equity mutual funds to take care of your long-term financial goals. Since you have an investment horizon of 10 years, you may consider investing in equity mutual funds to meet your goal. Provided, you have the ability to take risk and withstand short-term volatility. You should remember that equity can be extremely risky in the short term, but it has the potential to offer superior returns over the long period.
It is difficult to suggest any specific schemes to you since you have not mentioned your risk profile.
Here are some pointers:
If you a conservative equity investor, you should opt for aggressive hybrid schemes or large cap mutual funds.
Best aggressive hybrid schemes to invest in 2019
Best large cap mutual funds to invest in 2019
If you have moderate risk profile, you should consider investing in multi cap mutual funds
Best multi cap mutual funds to invest in 2019
If you have very high risk appetite, you may consider investing in mid cap and small cap mutual funds
Best mid cap funds to invest in 2019
Best small cap funds to invest in 2019
Assuming an annual return of 12 per cent, you should invest around Rs 21,500 every month to create a corpus of Rs 50 lakh in 10 years.