Published: 12th Aug 2024
By: Value Research
Some invest to save tax, some to grow capital and some for regular income. So, the first step should be to pick the fund category that suits your financial goals. To know how to do that, swipe left.
Start with aggressive hybrid funds. These funds invest most of the money in equity and some in debt. The debt portion provides safety during market drawdowns, and the equity portion helps you gain from market booms. Head to the link below to find our list of top-rated aggressive hybrid funds.
#3 If you are a new investor and are investing to save tax Put your money in tax-saving mutual funds, also called equity-linked savings schemes (ELSS). These funds offer long-term capital appreciation and provide a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. However, they come with a three-year lock-in period. Click the link below to get a list of the best ELSS funds.
Go for flexi-cap funds. As the name suggests, these funds have the flexibility to invest across companies of all sizes (large, mid and small caps), providing you exposure to promising stocks across market caps. To find out the top-rated flexi-cap funds currently, go to the link below.
Our top-rated funds undergo intense quality checks from our experts. However, we always recommend that investors do their own due diligence. Even if you know which fund category is right for you, there are two factors you must consider before investing. To find out what these factors are, read the full story by clicking the link below.