Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
ET Wealth
11,419.25-177.65
Stock Analysis, IPO, Mutual Funds, Bonds & More

Can I invest a lumpsum of Rs 6 lakh now in equity mutual funds?

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|
Jun 24, 2019, 12.07 PM IST
0Comments
Getty Images
investment 21
I am 28 years old and have around Rs 6 lakh to invest in mutual funds. My risk profile is moderate to high. My investment horizon is around seven years. Is this a good time to invest a lumpsum, considering market fluctuates every day? Which are the best mutual funds?
-Jaayesh Sood


If you have a moderate risk profile and an investment horizon of seven years, you may consider investing in multi cap mutual fund schemes. Here are our recommended multi cap mutual fund schemes: Best multi cap mutual fund schemes to invest in 2019. You may invest in two multi cap mutual fund schemes.

You may stagger your investments over a few months to benefit from the volatility. You can park the money in a liquid scheme and invest via a Systematic Transfer Plan (STP) in a multi cap mutual fund scheme. Or you can keep the money in a savings bank account and SIP in multi cap schemes. You can choose the periodicity of STP or SIP based on how quickly you want to finish your investments. You can choose daily, weekly or monthly SIP as per your risk perception.

Lastly, are you new to mutual funds? If yes, you should seek the help of a mutual fund advisor. We believe investors should start investing on their own only after gaining enough experience and necessary knowledge about mutual funds.
0Comments
(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.)

Also Read

Top 25 equity mutual funds failed to deliver positive returns in June

Retail investors up allocations to equity mutual funds in June

40% equity mutual funds underperform their benchmarks in 5-year horizon

Why you should invest in dynamic equity mutual funds

Equity mutual funds turn defensive, log out of stocks

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for Live Elections News & Results, Latest News in Business, Share Market & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service