I want to invest in Parag Parikh Flexi Cap Fund and Axis Long Term Equity Fund. I want to go for lumpsum. Is it a good time for this?
–Reshma Yasmin
–Reshma Yasmin
First, you have not mentioned your investment horizon. When the market is hovering around all-time high, you have to be extremely cautious. Some investment experts believe that when you are investing for a very long time it is okay to invest a lumpsum. However, many advisors and investors play it safe and stagger their investments. However, it is not a great idea to invest a lumpsum if you have a short investment horizon.
It is also not a great strategy to invest in ‘best’ schemes without paying attention to risk profile. Always try to choose schemes that are in line with your investment objectives and risk profile.
