I would like to invest Rs 3 lakh for the next three years. I am willing to take risk; which fund can you suggest that I can invest in?
- Kamlesh Vyas
Investing works best when done regularly and systematically with a financial goal. You should invest regularly through systematic investment plans than lump sum investments in mutual funds. And despite your willingness to take risks, it may be just a good idea tha you consider investing in large-cap funds such as Franklin India Bluechip or IDFC Imperial Equity Plan or invest in large- and mid-cap funds such as Birla Sun Life Frontline Equity Plan or HDFC Top 200.
They are 5-star rated with a proven track record. A combination of these two categories of funds is also an option worth considering. Park the lump sum Rs 3 lakh in a liquid fund and initiate a systematic transfer plan into the large- and large- and mid-cap funds. Do make sure that you track the progress on your investments to evaluate their performance at least once a year and alter the selected funds if necessary.