I want to invest one lakh rupees in mutual fund for 7 years. I am 40 years old, please advise?
As your investment horizon is 7 years, you can simply invest in diversified equity funds. Diversified equity funds invests in stocks of all sectors and market caps and suitable for investors with high risk profile and long term investment horizon.
We can suggest you the following schemes from the diversified equity fund category -
Aditya Birla Sun Life Advantage Fund, DSP BlackRock Opportunities Fund, Mirae Asset India Opportunities Fund and SBI Magnum Multi-Cap Fund.
Hope you find the above useful.
Thanks for writing to Advisorkhoj.
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