The best mutual funds for SIP investments
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- Abhishek Sarawagi
We always ask investors to choose mutual funds based on their goal, investment horizon and risk profile. A long-term investor with a moderate risk profile may consider investing in equity mutual funds. Further, such investors can choose multi cap mutual funds to invest as they are considered ideal for moderate investors. If you want to diversify and reduce the overall risk in the portfolio, you may also take a small exposure to large cap mutual fund schemes.
You can also consider investing in ELSS or tax saving mutual funds if you want to save under Section 80C of the Income Tax Act. Investments in ELSS mutual funds qualify for tax deductions of up to Rs 1.5 lakh under Section 80C.
Here are some useful links
Best multi cap mutual funds
Best large cap mutual funds
Best ELSS or tax saving mutual funds
Keep a track of the performance of your schemes. Review the performance of your portfolio at least once or twice a year.