I am 35-year-old IT professional. I want to start invest ₹20,000 every month in mutual funds. Could you suggest some mutual funds for me to start my investment. I also want to invest another ₹5,000 in tax saving funds. Please suggest a good scheme.
- Hari
We typically recommend balanced scheme to first-time equity investors. We have observed that most first-time investors tend to panic when they see their investments lose value drastically in a falling market. Balanced funds, which invest in a combination of equity (at least 65 per cent) and debt, address this problem to a certain extent. The debt part of the portfolio offers a cushion during the volatile phase in the market. Invest with a horizon of at least five years and continue with your investment irrespective of the market conditions. Here is a list of best balanced schemes.
Here is a list of best tax saving schemes.
This article was originally published on January 11, 2016.
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