Widely read:
I have ₹10 lakh. I want to invest it in mutual funds or equities, but I have no experience in investing. Kindly tell me where to park the money so that I can get good returns on it. I don't need this money for the next five years.
- Vineet Kaushik
Since you have an investment horizon of five years, you can consider investing the money in equity-oriented balanced schemes. These schemes invest in a mix of equity (at least 65 per cent) and debt and they are less volatile than pure equity funds. They are ideal for the first-time investors in the stock market to create wealth without exposing themselves to a lot of volatility. Here is our list of best balanced schemes:
You can park the money in a bank account and start a monthly Systematic Investment Plan (SIP) in one or two balanced schemes and invest the money over a year or 18 months. You also have the choice of parking the money in a liquid scheme and start a Systematic Transfer Plan (STP) in one or two balanced schemes.
If you are interested to learn more about investing, read: First things...
This article was originally published on February 12, 2016.
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