I joined my family business three years ago. I m 25 years old. I want to invest some money for my retirement. Can I go for equality-based mutual fund? I want to invest ₹2,000-3,000 per month. Please suggest some good schemes for me.
- Debabrata
We typically recommend equity-oriented balanced schemes to first-time investors in the stock market. These schemes invest in a mix of equity (at least 65 per cent) and debt. They are less volatile than pure equity schemes and they will help you to create wealth without too much volatility. Here is a list of best balanced schemes.
However, we would like you to read First things... before embarking on your investment journey. This set of articles would offer you a better idea about investing.
This article was originally published on December 14, 2015.
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