Should I invest 25000/m SIP in L&T emerging business fund towards the goal of pure wealth creation? My risk appetite is moderate, age is 57 and tenure is up to 2025.
Your time horizon is 8 years from today. Hence, first you have to do the asset allocation of 60:40 in debt and equity. In debt, you can use ultra short term or short term gilt funds. In equity, one large cap and one mid cap fund is enough.
Stay away from small-cap funds. Hence, I am not suggesting you this L&T Emerging Business Fund.