Which mutual fund is best to invest as I can take high risk

I Ayan Ghosh (25), an ardent follower of your website and by profession a student. I regularly follow your website and accumulate some knowledge about investing in MF. As per your fund recommendation I have already investing in these 3 funds from last two months - 1) ABSL Advantage Fund - Direct(G) - 1500, 2) Reliance Small Cap - Direct(G) - 500, 3) Mirae Asset Emerging Bluechip Fund - Direct(G) - 1500. I have planning to continue these SIP for 10-15 years horizon. Now all of a sudden I came to know I will receive 1 Lakh from LIC maturity proceeds in the next month. But I already understand that insurance are not a wealth creation component and thus I have deciding to invest it in mutual fund. Now please guide me to allocate the fund according to your wish list. I am a high risk taker and any input of your thoughts are very beneficial for me. If you kindly respond to my mail I will be highly obliged?

Jan 29, 2018 by Ayan Ghosh, | Mutual Fund

At the outset, I thank you for being an ardent follower of our website.

Please do not construe the suggestions given on the website in the general interest of public consumption as recommendation and advise. For fund recommendation and financial advise, I think, one must contact a financial advisor.

Coming back to your query, I am delighted to see that you have chosen good funds from diversified equity fund and mid and small cap fund category for your SIPs. Continue these investments for the long term while reviewing the portfolio performance once every year.

For the new investment of Rs 1 Lakh, you may go with diversified equity funds. You already have a top performing diversified equity fund in your portfolio – ABSL Advantage Fund. You can invest Rs 50,000 in this fund and the rest Rs 50,000 can be invested in either Mirae Asset India Opportunities Fund or SBI Magnum Multi-Cap Fund, both these are also among the top performing funds from diversified equity fund category.

I am also glad to note that you have understood that insurance is not for wealth creation. However, insurance is the only choice for protection of life. I think, you should buy an online term plan with life cover of 10-12 times your annual income.

Wishing you the best : )

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