mutual fund to invest now
What are you investing in and why
Me: Salary 30k Savings 5k-10k FDs & post office schemes: around 7% interest
New to mutual funds Tell me which one is good .
Redirect me to correct path. Or let's just discuss in comments
Use that money to buy LC premium, grind for a month and get a 80k-1lpm job as a start.
Then 5k investment won't lead you anywhere. Think big :)
How much are you going to invest in mfs?
For now 5k per month, that too I am thinking not in a single one .
i invest 20k monthly is it okay?
Since you are young, just invest in Equity majorly, and Gold funds (70:30). Equity would give you assured long term gains unless something catastrophic happens in the next 15-20 years and Gold funds would always give a decent return no matter what the market situation is. After you start earning more and age, try to limit equity to 50 percent or less, and invest more in debt funds. For utilities such as buying a Car, don't invest in Equity, a RD would be much better
Simply go with a nifty 50 direct fund.
