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