Mutual fund schemes to start an SIP?
Wednesday, July 11, 2018 IST
I need to start an SIP of Rs 10,000 and invest a lumpsum of Rs 1 lakh in mutual fund schemes. I am 35 years old and I would like to keep a balance between risk and returns.
In the past, I have put money in Motilal Oswal Most Focused Multicap 35 Fund, L&T Midcap Fund, and Tata Equity PE Fund. Can you suggest which of these is good to start an SIP? Or, can you recommend any other mutual fund scheme for an SIP and for a one-time investment.
-- Tarun Kandwal
Shweta Jain, founder and CEO, Investography, responds:
You have invested in fine mutual fund schemes. You can continue to invest in them. You can invest Rs 10,000 via SIPs in the following manner:
Motilal Oswal Multicap 35 Fund: Rs 4,000
L&T Midcap Fund: Rs 3,000
Tata Equity PE Fund: Rs 3,000.
For the one-time investment, you could invest it in a liquid fund and transfer it via an STP to ICICI Prudential Next 50 Fund.
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