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Equity mutual funds to invest a lumpsum of Rs 4 lakh for 10 years

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

ET Online|
Nov 07, 2019, 10.47 AM IST
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I want to invest a lumpsum of around Rs 4 lakh in equity mutual funds. My goal is creation of wealth. I have an aggressive risk appetite. My investment horizon is 8-10 years. Where should I invest?
--Shekher Singh

Pankaj Maalde, a certified financial planner, responds:

Your investment horizon and risk profile is good enough to take an aggressive call. However, you have to be careful while investing a lumpsum in equity.

The market is at an all-time high but GDP growth is likely to be around 6% this year.

I would ask you to invest the entire amount in ultra short-term funds and do an STP of Rs 40,000 in a multi cap fund. You may consider investing in Axis Multicap Fund and Kotak Standard Multicap Fund. If you still want to go for a lumpsum investment, invest in an aggressive hybrid fund like SBI Equity Hybrid Fund and Mirae Asset Hybrid Equity Fund.
(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)

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