Best equity mutual fund schemes for three years
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Kotak Standard Multicap Fund
Mirae Asset Emerging Bluechip Fund
Reliance Large Cap Fund
SBI Bluechip Fund
I would like to invest a lumpsum of Rs 15,000 and a monthly SIP of Rs 3,000 per month in one high-risk scheme for three years. Which scheme would you recommend?
Dilshad Billimoria, Director and Chief Planner, Dilzer Consultants Pvt Ltd, responds:
Equity mutual funds are not suitable for a three-year investment horizon. If you can hold on to your investments for more than seven years, you may add the extra money to Mirae Asset Emerging Bluechip Fund.
Moreover, lumpsum investments are risky and should be held at least for 7-10 years in the equity market. If you don’t have much knowledge about mutual funds, please take the help of a mutual fund advisor.