I want to invest in mutual fund on monthly basis. Kindly suggest the best mutual fund option?
Thanks for your query but we find it very short as you have not mentioned for how many months you want to continue this investment and also your risk profile.
Generally speaking, if you want to create long term wealth (minimum 5 years) by investing through mutual fund SIPs, diversified equity funds are the best option. You may choose any one fund from the following for investing per month –
SBI Magnum Multi-Cap Fund, Mirae Asset India Opportunities Fund and Birla Sun Life Equity Fund.
Thanks for writing to Advisorkhoj.
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