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In which mutual funds can I invest a lumpsum of Rs 3 lakh?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

ET Online|
Sep 11, 2019, 04.44 PM IST
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I am 35 years old. I want to invest a lumpsum of Rs 3 lakh in mutual funds. Please suggest in which scheme should I invest.
--Bedavyas Meher

Pankaj Maalde, a certified financial planner, responds:


Before investing you should be clear about your financial goals and the period for which you want to invest. The time horizon will help you with correct asset allocation which is important before investing. Equity schemes come under high-risk-high-return category and require a long-term term horizon of over five years. I would advise you to take the help of a mutual fund advisor before starting any investment.
(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)

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