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Which are the best mutual funds to invest?

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|
Mar 05, 2018, 02.43 PM IST
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I want to invest Rs 6,000 in mutual funds. Where should I invest? I invested in SBI Bluechip Fund (Rs 5,000) two years ago. I am starting an SIP of Rs 500 in Reliance Small Cap Fund and Rs 500 L&T India Special Situation Fund.
--Hiren Prajapati


You should choose your mutual fund schemes based on your goals, investment horizon and risk profile. Since you have not shared any of these details with us, we would not be able to comment about your investments or recommend any schemes to you.
Currently you are investing in a largecap scheme, smallcap scheme and multicap scheme. A largecap scheme is meant for a conservative investor, a multicap scheme is meant for a moderate investor and a smallcap scheme is meant for aggressive investor. Make sure that your investments are in line with your goals and risk profile. You should also have a minimum investment horizon of five to seven years.
Do not invest in more than four schemes. If you add too many schemes to your portfolio, it would become difficult to monitor them regularly.
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(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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