I am a student right now and have monthly savings of around 2500. On an whole I can invest 30,000 in a year. Sir I would like to know the best place to invest. I am ready to invest this amount for say another 20 years. And I am ready to take higher risks for better returns. Can you suggest me the best way to invest in mutual funds and also some best AMC in which I should invest?
As you are ready to take high risk and willing to invest for 20 years through SIPs, you may choose diversified equity funds and mid & small cap funds. Equity as an asset class gives you the highest inflation adjusted returns over a long period of time. And among equities, diversified funds and mid & small cap funds can give even higher returns.
You can start investing through monthly SIPs in any one or two funds from these selected list - Birla Sun Life Equity Fund, SBI Magnum Multi-Cap Fund, ICICI Prudential Vale Discovery Fund, Mirae Asset Emerging Bluechip Fund or DSP BlackRock small and mid cap fund.
Hope the above helps! Thanks for writing to Advisorkhoj.
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