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