Want to invest in mutual funds but don’t know how to go about it?
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Get all your mutual fund related queries answered by our expert, Pankaj Mathpal, founder and managing director, Optima Money Manager, on our show Mutual Fund Corner.
Q: 37-year-old Sanjay Baidya writes to us. I want to invest Rs 30,000 every month for two years in mutual funds. However, I want to withdraw this money after 20 years. Please advise.
A: Considering your long term horizon, I recommend you invest in a diversified portfolio of a mutual fund.
Rs 5,000 in ICICI Prudential Bluechip Fund.
Rs 10,000 in Aditya Birla Sun Life Balanced Advantage Fund.
Rs 5,000 in ICICI Prudential Multicap Fund.
Rs 5,000 in Kotak Emerging Equity Fund.
Rs 5,000 in SBI Small Cap Fund. You can stay invested in the schemes after SIP gets over.
Click here to watch the full episode of Mutual Fund Corner
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.