I am planning to invest on Axis Long Term Equity Fund- growth – direct plan. This is my first investment in mutual funds and I am thinking for a long term. Is this a good or bad fund. please explain with reasons.
Laxmish-It is good fund under ELSS category. Invest in this fund only if you have time horizon of more than 5 years or so. Also, don’t invest all your investable amount into equity. You must create debt portion also.
thank you sir. i am planning to invest directly. also please suggest me one more fund(debt) for long term again. i.e. 10 years.
Laxmish-Use short term debt funds for your 10 years of debt portion investment. If time horizon is around 15 years, then I suggest PPF.