In which mutual fund scheme should I invest for 5 years

This is Sunil from Chennai, please suggest me the right option to choose as I want to invest a lumpsum amount of Rs. 1,00,000 in mutual funds for a period of 5 years, which funds are the best to receive good returns after 5 years for achieving my goal. Kindly suggest me sir, your favourable response is highly awaiting sir?

Apr 5, 2017 by J V Sunil Kumar, Chennai | Mutual Fund

Mutual Fund investments should be made according to your risk profile and investment horizon. Though you have mentioned the investment horizon, you have not mentioned your risk profile therefore, the appropriate answer to your query may not be possible.

However, assuming that you want to invest in equity funds for 5 years (you have mentioned the period), then you may invest in SBI Bluechip Fund or Birla Sun Life Frontline Equity Fund from large cap category.

If you can take more risk, then investing diversified equity funds or mid cap funds will make sense. You may consider ICICI Prudential value discovery Fund, Mirae Asset Emerging Bluechip Fund, SBI Magnum Midcap Fund or Birla Sun Life Equity Fund.

You may also see the top performing funds of any category from here https://www.advisorkhoj.com/mutual-funds...

Thanks for writing to Advisorkhoj.

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