Here's what you should know before investing in them
02-Jun-2023 •Ashish Menon
N-O. That's the short and straight answer.
What you should do
Ignore banking and financial services-themed mutual funds.
If you are willing to invest for at least five years, we'd recommend mutual funds that invest across sectors.
While large-cap and index funds can be a good start, flexi-cap funds are a good fit too. They have the flexibility to invest in companies of all shapes and sizes and across sectors.
In case you want to make up your mind between large-cap funds and flexi-cap funds, this story can be beneficial. It compares their past performance, tax implications and if these funds suit your investing profile.
And if you want to get your hands on our 'Best Buy' list of large-cap and flexi-cap funds, you can subscribe to our Premium service.