Getty ImagesI am 35 years old. I want to invest a lumpsum of Rs 3 lakh in mutual funds. Please suggest in which scheme should I invest.
--Bedavyas Meher
Pankaj Maalde, a certified financial planner, responds:
Before investing you should be clear about your financial goals and the period for which you want to invest. The time horizon will help you with correct asset allocation which is important before investing. Equity schemes come under high-risk-high-return category and require a long-term term horizon of over five years. I would advise you to take the help of a mutual fund advisor before starting any investment.
--Bedavyas Meher
Pankaj Maalde, a certified financial planner, responds:
Before investing you should be clear about your financial goals and the period for which you want to invest. The time horizon will help you with correct asset allocation which is important before investing. Equity schemes come under high-risk-high-return category and require a long-term term horizon of over five years. I would advise you to take the help of a mutual fund advisor before starting any investment.
(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.)
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