I have FD worth 10,00,000 which are maturing in January. I would like to invest same money for long term (5 - 7 years) in Mutual Fund. Please let me know which MF I should opt for to get good returns over the long term?
Investing your FD maturity amount in mutual funds for the long term is a very good idea. But note that, selection of funds should be based on your risk taking appetite and investment horizon.
Since you have decided to invest for 5-7 years, you now need to know only your risk profile and choose funds accordingly.
If you are not sure which funds to choose, according to your risk profile, you may check this tool https://www.advisorkhoj.com/tools-and-calculators...
For selecting funds, try out our research section https://www.advisorkhoj.com/mutual-funds... and https://www.advisorkhoj.com/mutual-funds... or go through the Top funds that we suggested for investing in 2016 through our blogs -
Top diversified equity funds https://www.advisorkhoj.com/articles/Mutual-Funds...
Top Mid and small cap fund https://www.advisorkhoj.com/articles/Mutual-Funds...
Top Balanced funds https://www.advisorkhoj.com/best-mutual-funds...
Hope the above helps : )
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