I am 28 and want to invest in MFs. Can you please suggest three to five funds in which I can invest for the next 8-10 years? I am a medium risk taker
With your investment time-frame you should look to invest for growth. Considering your medium risk appetite, the portfolio should have 80 per cent equity exposure with the balance being debt. This can be achieved through a portfolio of funds that will help you achieve a sizeable corpus. Your portfolio should comprise BNP Paribas Bond, Fidelity Equity, HDFC Top 200, ICICI Pru Dynamic and Reliance Regular Equity Opportunities. This portfolio offers you stable growth, which should steadily increase with time. Make sure you track your investments from time to time to ascertain their progress and make changes if need be.