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Suggest mutual funds for one who is new to this

I am new in mutual funds and I need advice to invest in different mutual funds?

May 9, 2017 by Bapodara Bharat , Gandhinagar  |   Mutual Fund

As you are new to mutual funds, you should not try to invest in different types of mutual funds. The reason being, mutual fund investments should be based on one’s risk taking ability. You should select funds based on the risk you can take and the investment horizon.

Since you are a newcomer, you can start with balanced fund schemes. Balanced funds invests upto 65% in equities and rest in debts and are less riskier than equity funds. Please read more about balanced funds here https://www.advisorkhoj.com/company/Principal-Mutual-Fund/articles/What-are-Balanced-Mutual-Funds

Amongst balanced funds, you can choose to invest from ICICI Prudential Balanced Fund, DSP BlackRock Balanced Fund and Principal Balanced Fund.

Wishing you happy investing with mutual funds.

Thanks for writing to Advisorkhoj.

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