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Personal Finance Queries & Answers

Which are the best performing balanced mutual funds schemes

I want to put RS 10 Lakhs as lump sum in balanced funds for 10 years or more. My aim is to create long term wealth and therefore I am ready to take adequate risk. I have some idea about balanced funds but now-a-days market is near its lifetime high. So is it advisable to put 10 Lakhs in lump sum? Is investment in the balanced funds good also at higher market level?

Oct 10, 2017 by Mohan, Trichy  |   Mutual Fund

We are happy to note that you have a long term investment horizon for investing in mutual funds. Investing in mutual fund equity and balanced funds are all about long term investing as you benefit from compounding from the best investment asset class... Read More

In which mutual fund scheme can I park my emergency fund

I have a doubt that I want to invest 2 Lakh in lump sum as an emergency fund amount so that I can withdraw at any point in time I want. So where do I need to invest please reply me as soon as possible?

Oct 10, 2017 by Muthu, Chennai  |   Mutual Fund

You can simply invest in liquid mutual funds to park your investible surplus of Rs 2 Lakhs. You can invest in liquid funds even for one day. Liquid funds are best alternative to park your surplus cash. Also, you can redeem liquid funds within one working day. Please... Read More

Which is the best performing mutual fund to invest

I wish to invest 300000 for 7-10 years. Which MF or any other instruments is good with respect to best return & safety too?

Oct 10, 2017 by Karthick, Bangalore  |   Mutual Fund

As you want to invest for 7-10 years and also looking for return with safety, we think, you can invest in large cap equity funds and equity oriented balanced funds. We could have suggested you diversified or mid-cap funds as well but not doing so as you have... Read More

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