Lumsump amount received
Hey! I have received 30k after completing a freelance project. Wanted to know where can I invest in? I have few mutual funds running like UTI Nifty, Parag Parikh, Aditya Birla Sun Life and Nippon Smallcap. I can distribute 30k between all these 4 mutual funds. Or I have also some 3 smallcases running and some shares of reliance and ITC. So, I can also invest this amount in these shares. What should be the best option?
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Because i want to compound it whenever i get some extra money increase the total holdings whenever possible
Anyways never going to exit till next 3 years no matter what so adding little more whenever possible
Invest in your MFs
I did the same few days ago
Any particular reason you followed it?
Investing in 4 MF is like investing in the whole market, you will get almost same return as index funds ,thus you may invest in index fund instead of giving brokerage to 4 MFs
@Khalnayak i invest in mf through scripbox. Some long term mf I have direct funds.
- How to invest in index fund direct growth? 2.Is there any application like scripbox, groww that provides direct growth ( ie., To be able to keep all direct growth funds in a same place)
- Can u recommend some index funds.