-Nausheen Jinnah
If you are a new investor, you should hire a reliable mutual fund advisor or financial planner. New investors often find managing investments quite difficult. It is always better to gain some knowledge and experience before investing on your own.
Assuming you are investing for the long-term (seven to 10 years) and ready to take some risk, you can consider investing in large-cap funds or hybrid equity funds. Large-cap funds, as the name suggests, invest in very large companies and they are less volatile. Hybrid equity funds invest in a mix of equity and debt and they are also safer than pure equity funds.
Best aggressive hybrid mutual funds
Best large cap mutual funds
Invest in two mutual funds that are in line with your risk profile and continue to invest irrespective of the market conditions.
Always review the performance once a year. If it is underperforming the benchmark and category for more than a year or two, you need to find the reason for the poor performance and take remedial steps if need be.
