The Economic Times daily newspaper is available online now.

    How to make crores from mutual funds?

    Synopsis

    If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

    Should I invest in Canara Robeco Flexi Cap Fund?iStock
    I am 45 years old. I am aware of stock markets and mutual funds. I just started investing in mutual funds.
    UTI Nifty Index Fund
    Axis Bluechip Fund
    Parag Parikh Flexi Cap Fund

    I prefer to invest a lumpsump and wish to mint in crores in the near future. Would you please advise on any other funds and the time frame to double my investments. So far I have invested Rs 2 lakh in two months.
    --Sudhakar Pillai



    It seems, you have some misconceptions about the stock market and mutual funds. The stock market or mutual funds are not like a casino or jackpot that will make you rich overnight. The stock prices are a reflection of the performance of the company and investors expectations from it. The only proven way to make money is to invest regularly over a long period. If you need help with your investment and taking the help of mutual funds, you can start a SIP or invest whenever you have the money. You should always choose mutual funds based on your your goals, investment horizon, and risk profile. Since you haven't shared these details with us, we wll not be able to offer a personalised solutions for you.

    You are investing in a large cap index scheme and an actively managed large cap scheme. Passive investing helps you to get index returns. If you believe active schemes will not be able to beat the index, you should invest in index schemes. Flexi cap funds are recommended to moderate investors.

    We hope you understand that equity mutual funds are meant to achieve long term goals. You should have a minimum horizon of five to seven years. They are unlikely to offer crores of rupees in a year or two. If you are not clear about these things, you should take the help of a mutual fund advisor.

    (If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
    The Economic Times

    Stories you might be interested in