iStockI want to invest Rs 5,000 every month via SIP mode in the following funds for a longer term horizon of at least 5-10 years. I have been investing Rs 1000/pm in ICICI prudential bluechip fund since the last one year.
I am thinking of starting an SIP in the below mentioned funds. Are they good funds to invest for a long term horizon? Should I start investing from April onwards?
Tata Digital Fund: Rs 2000
PGIM Flexi Cap- Direct, Growth: Rs 2000
I am not much pro about this thing. But I can wait for 10years. I have invested in ICICI Pru Bluechip Fund whose risk is "very high". Please tell me if it is ok.
--Simran Kaur
Equity mutual funds are recommended to investors who want to create wealth over a long period of time. Equity schemes are risky, and they can also be volatile. However, if you insist over a long period, you can hope to pocket inflation-beating returns. You are investing in a large cap or bluechip scheme. These schemes invest in very large companies. Therefore they fret more stability. If you are looking to build wealth over a long period without too much volatility, it is a good choice. You can see our recommendations in the large cap category : best large cap funds.
You have chosen a IT sector fund and flexi cap funds to invest. We will not recommend investing in sector schemes as they are suitable to sophisticated investors who can time their entry and exit in these schemes. They are highly risky. Flexi cap schemes have the freedom to invest across market capitalisations and sectors. They are riskier than large cap schemes and they are recommended to moderate investors. Here are our recommended flexi cap funds: Best flexi cap schemes
Always choose schemes that match your goal and risk profile. Do not get influenced by the market and continue to invest to create wealth over a long period.
I am thinking of starting an SIP in the below mentioned funds. Are they good funds to invest for a long term horizon? Should I start investing from April onwards?
Tata Digital Fund: Rs 2000
PGIM Flexi Cap- Direct, Growth: Rs 2000
I am not much pro about this thing. But I can wait for 10years. I have invested in ICICI Pru Bluechip Fund whose risk is "very high". Please tell me if it is ok.
--Simran Kaur
Equity mutual funds are recommended to investors who want to create wealth over a long period of time. Equity schemes are risky, and they can also be volatile. However, if you insist over a long period, you can hope to pocket inflation-beating returns. You are investing in a large cap or bluechip scheme. These schemes invest in very large companies. Therefore they fret more stability. If you are looking to build wealth over a long period without too much volatility, it is a good choice. You can see our recommendations in the large cap category : best large cap funds.
You have chosen a IT sector fund and flexi cap funds to invest. We will not recommend investing in sector schemes as they are suitable to sophisticated investors who can time their entry and exit in these schemes. They are highly risky. Flexi cap schemes have the freedom to invest across market capitalisations and sectors. They are riskier than large cap schemes and they are recommended to moderate investors. Here are our recommended flexi cap funds: Best flexi cap schemes
Always choose schemes that match your goal and risk profile. Do not get influenced by the market and continue to invest to create wealth over a long period.
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