I am 29 years old. I want to invest in mutual funds with an investment horizon of five to eight years. Which funds should I choose?
- Kiran
Sine you are new to investing, start with First things... This will give you a better perspective on investing.
We recommend equity-oriented balanced funds to first-time investors in the stock market. These funds invest in a mix of equity (minimum 65 per cent) and debt. They are less volatile than pure equity mutual funds because of this asset allocation. The debt part of the portfolio provides a cushion in times of volatility in the stock market. Here is our list of best balanced schemes.
This article was originally published on February 03, 2016.