Received some lum sump amount , any suggestion in which mutual fund can i in vest this amount ,

Hi

I had some lum sump amount , can any one suggest in which mutual funds i need to invest for better returns , i will not touch this amount for 10 years . are sector mutual funds are fine , if ? then may i know in which sector mutual funds i need to invest for next 10 years .

 

Sundaram Select Mid Cap Growth

 

ramesh516390 ji ,

very good decision , i will give one idea

Invest in 2 Mutual Funds equal parts :

1.Birla sunlife Top 100 (Take Dividend reinvestment Plan )
2.Franklin India Opportunity Fund ( Take Dividend reinvestment Plan)


start SIP (Systematic Investment Plan ) regular every month up to 10 years ...
Ex: if you have 1 lakh to invest at now ,

Do fixed deposits like that and start SIP investment

12000 keep in savings bank
13000 deposit for 6 months
25000 deposit for 1 year
25000 fixed deposit for 2 years
25000 fixed deposit for 3 years

invest each fund 1000 every month regularly ... because if market crash you will be safe ....
you will get Interest and also avoiding some market risk with SIP also
and after that keep it 10 years that units .....
with dividend reinvestment plan you will get dividend in the form of units and total number of units also
increased ...

ALL THE BEST

 

Can look at frankin High growth companies fund

 

Another way to achieve what @RAMA MURTHY SASTRY CHALLA has advised is to put the funds in a debt fund and then do a systematic (automatic) switch. Here also, the funds continue to earn interest in the debt fund before being deployed into the equity fund. Just check that there is no load on the switch plan.

 

SIP is good. you can check reliance money manager fund for debt.. they give you debit card for funds lying in your mutual fund portfolio so you can withdraw it as well in emergency from debit card!