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.
This article was originally published on September 10, 2015.
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