I want to invest 10k for 7-10 yrs. Please suggest Best Mutual Funds for 7-10 Yrs as per current market conditions.
1 Answers
Sam-Invest in a large cap (like ICICI or Franklin Bluechip), a small and mid cap fund (like HDFC Midcap Opp or Franklin India Smaller Companies Fund) and a single equity oriented balanced fund like HDFC Balanced Fund.
Thanks
Which one should i choose between icici midcap and hdfc midcap opp or invest in both. Pls suggest
Sam-HDFC.
Invested 4k in hdfc midcap and 3k in hdfc balanced. Want to invest more 4k. Pls suggest good fund for 7-10yrs. I am ready to take high risk.
High risk means ready to lose the principal also?
No sir
Then simply use a single fund like equity oriented balanced fund and avoid any sector or small/mid-cap funds.