Hi Pankaj, I want to Invest a lumpsum amount of 50,000 for long term, I am a salried employee i alredy have SIP of 7500 per month in various tax saving mutual funds. I have a monthly income of 38,000 and i m 25 yrs of age. Where should i invest this money, IN stocks or mutual funds? can you please name the mutual funds and stocks where i should invest. Thank you for your time
1 Answers
It will be bit risky to invest whole amount as lump sum in equity stocks or mutual funds at this stage.
I would advise you to invest this amount into debt or liquid based mutual funds and start a systematic transfer to combination of large and midcap based mutual funds.
DSPBR Top 100 equity, Franklin India Bluechip, HDFC Equity, Templeton India Growth, HDFC Growth, HDFC Top 200, Franklin INdia prima plus, IDFC Premier Equity and ICICI Pru discovery are some of the good funds to invest into.
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