Can you please suggest funds to invest 3 Lakhs for 5 years
I want to invest 3 Lakhs lumsum amount. The time horizon is 5 years. The purpose of the investment to buy house after 5 or 6 years. Can you please suggest some option to park the money?
If you can take moderate risk, then your 3 Lakhs lump sum amount can be invested in Balanced or large cap funds for the next 5 years. But, if you can take higher risk then investing in diversified equity funds or mid and small cap funds makes sense.
Therefore, decide how much risk you can take and accordingly choose a fund from the following category of funds –
Top performing large cap funds
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