I’m a new user and have little knowledge about investing in the market. I want to invest 5k monthly in direct mutual fund through coins for minimum 3 years time period.
My doubt is, what data should I look for while selecting the funds through coins.
Should I invest all the 5k in one fund or diversified into other funds too. If diversified, then in what type of funds should I invest?
Please suggest me some funds where I can start.
Would be really helpful, if someone can help me out.
Nothing beats ELSS when it comes to returns over a sufficiently long horizon, but you will have to stomach the associated volatility of equities. Here are the historical returns
NIFTY 50 Index
NIFTY Midcap 100 Index
NIFTY Smallcap 100 Index
NIFTY 500 Index
As you can see ELSS as a category has beaten almost all the ind…
invest all the 5k in one fund
Reliance Tax Saver Fund
DSP BlackRock Tax Saver Fund
Axis Long Term Equity Fund
Aditya Birla Sun Life Tax Relief 96
ICICI Prudential Long Term Equity Fund
I am not an expert by myself, but why do you people suggest person to invest all 5k in one fund ? He may loose some valuable time to collect stats from other funds if that thing will fail for example. I see it based on some poll or so, how it can be true.
Let start before investing learn type of mutual fund (nism module good fir that free available on internet), theirs returns and performance (Moneycontrol)
Now see basic thing before investing
Nav and it value
Size of mutual fund
TER (total expenses ratio)