Don't invest the money in lump sum, start a systematic investment plan (SIP) in one or two large cap funds
10-Sep-2015 •Research Desk
I want to invest in mutual funds. I am looking for higher returns and safe investment. I can invest ₹5 lakh. Please tell me in which mutual fund (large cap equity) should I invest?
- Nikhil Dhruv
Don't invest the money in lumpsum. You can either invest the money in a liquid fund or in an ultra short-term fund and start a systematic withdrawal plan (SWP) in one or two large cap funds. If you find the process cumbersome, you can keep the money in a bank account and start a systematic investment plan (SIP) in one or two large cap funds. Here is a list of large cap funds that we recommended recently: ICICI Prudential Focused Bluechip Equity Fund, JP Morgan India Equity Fund, Principal Large Cap Fund, SBI Magnum Equity Fund, Tata Pure Equity Fund, UTI Opportunities Fund.