Mutual fund guideness required

I will say beware extra from people and their suggestions who say last year we or our mutual funds returned this much return, did you have it? It’s foolish to judge a fund by last 6 month or 1 year performance, true performance comes out in 5-10 year period, and it’s perfectly possible quant might be a good fund, but we don’t know it yet. I will repeat again, don’t follow funds who performed last year well. Most returns normalise on longer period – check this interesting research by ETMONEY – x.com.

I say for starters, you can consider investing in NIFTY500 Index fund. In that meanwhile, read more, and when you understand, then try investing in other MFs. How much allocation to equity depends on your risk appetite, and articles shared above can be useful.