I want to invest Rs 7 lakh in mutual funds for 10 years. Please suggest where I can invest.
Ved Singh Chauhan
As you have specifically mentioned a period of 10 years of investment which is long term for sure, equity based mutual funds would surely be ideal for your investment. It would be advisable to fix a specific goal for this investment, as it will help you be more disciplined and focused in your investment journey. You can allocate the investments equally between the Large Cap/ Balanced/ Mid-Small Cap funds (that is 1/3rd to each category) over the investment time horizon.
The funds I suggest are: ICICI Prudential Focused Bluechip Equity Fund (Large Cap), HDFC Balanced Fund (Balanced Fund) and DSP BlackRock Small and Midcap Fund (Mid-small cap fund). You need to review the fund performance once a quarter.
